Energy News Results

  • Oil futures settle higher, with U.S. prices at a nearly 3-week high

    Oil futures settled higher on Wednesday, with U.S. prices at their highest in almost three weeks. Prices got a boost after the U.S. imposed sanctions on an arm of Russian oil giant Rosneft, as well as reports of a further decline in Libyan oil output. A slowdown in the spread of COVID-19 also eased worries about energy demand.

  • Crude-oil prices settle at a nearly 3-week high

    By Myra P. Saefong and Mark DeCambre, MarketWatch. Brent oil futures tally a 7th straight gain. Oil futures posted their highest settlement in nearly three weeks on Wednesday, with Brent oil tallying seventh straight session advance.

  • Natural-gas prices tally biggest one-day gain in over a year, post highest finish in a month

    By Myra P. Saefong and Mark DeCambre, MarketWatch. Oil futures end flat with U.S. shale output forecast to slow. Natural-gas futures jumped by nearly 8% on Tuesday, with forecasts for colder weather in much of the U.S. lifting prices to their highest finish in roughly four weeks.

  • Oil prices end higher to notch their first weekly climb in six weeks

    Oil prices ended higher on Friday to notch their first weekly rise in six weeks, as a report of oil purchases by Chinese refiners helped to ease worries about a slowdown in oil demand from the spread of COVID-19. Bloomberg News reported a "buying spree" among China's independent oil refiners. March WTI oil rose 63 cents, or 1.2%, to settle at $52.05 barrel on the New York Mercantile Exchange.

  • Oil futures log first weekly rise in 6 weeks

    By Myra P. Saefong and William Watts, MarketWatch. Chinese independent refiners go on oil' buying spree': Bloomberg News. Oil futures settled higher on Friday to score a weekly gain--their first in six--as traders assessed reported signs of Chinese demand for crude against a backdrop of concern about the impact of COVID-19 on the global economy.

  • *WTI oil futures post a weekly climb of more than 3%

    (END) Dow Jones Newswires 02-14-20 1439 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • Baker Hughes reports a modest weekly rise in the U.S. oil-rig count

    Baker Hughes (BKR) on Friday reported that the number of active U.S. rigs drilling for oil rose by two to 678 this week. The total active U.S. rig count, meanwhile, was unchanged at 790, according to Baker Hughes (BKR). Oil prices continued to gain, with March West Texas Intermediate crude up 39 cents, or 0.8%, at $51.81 a barrel.

  • Oil up a 3rd straight session as traders eye coronavirus and OPEC output update

    By Myra P. Saefong and William Watts, MarketWatch. International Energy Agency cuts forecast for world demand growth. Oil futures ended higher Thursday, extending their streak of gains to a third straight session, as the potential for OPEC+ output cuts fueled some optimism, despite a rise in the number of COVID-19 cases in China and lower forecasts for oil demand growth.

  • Oil prices post a modest gain as traders weigh coronavirus, OPEC

    Oil prices ended modestly higher on Thursday as traders weighed the latest developments tied to coronavirus as well as prospects for potential production cuts by the Organization of the Petroleum Exporting Countries and its allies. U.S. benchmark crude futures "found support below $50, which is a breakeven point for many shale producers," said Marshall Steeves, energy markets analyst at IHS Markit. "There is also the view that Russia will eventually capitulate to the new OPEC+...

  • Why natural-gas prices may sink further after hitting 2016 lows

    Natural-gas prices recently dropped to their lowest level in almost four years-- and analysts warn that supply and demand figures point to further losses for the commodity. On Feb. 10, natural-gas futures settled at $1.766 per million British thermal units, the lowest finish since March 2016, according to Dow Jones Market Data. Prices edged up to settle at $1.844 on Wednesday, but have already lost nearly 16% year to date.

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