OPEC

Crude oil prices remained supported near multi-month highs on Friday, as traders remained globally optimistic regarding the re-balancing of the market.

The U.S. West…

Crude oil prices rallied to their best levels in months on Monday, as optimism that the market was well on its way towards rebalancing added to bullish…

Crude oil prices edged higher on Friday, as traders awaited the conclusion of a highly-anticipated meeting of the Organization of the Petroleum Exporting Countries in…

Crude oil prices turned lower on Thursday, as traders finally reacted to the previous session’s downbeat U.S. stockpiles data and as markets were cautious ahead of a…

Crude oil prices continued to climb on Wednesday, amid hopes for additional global supply cuts, while traders eyed the release of weekly U.S. stockpiles data due later…

Crude oil prices rose back toward the five-month highs seen last week on Tuesday, as investors looked ahead to weekly data from the U.S. on stockpiles of crude and…

Crude oil prices were hovering at multi-month highs on Thursday, as news of a decline in global oil production continued to support the commodity.

The U.S. West…

Nigeria is unlikely to participate in OPEC production cuts, the country’s oil minister, Emmanuel Ibe Kachikwu, said Wednesday.
 
The country had been exempted from…

U.S. crude oil futures bounced back on Tuesday, erasing earlier losses as traders turned to the weekly data on U.S. stockpiles, as well as the Organization of Petroleum…