Oil rises on surprise U.S. crude drawdown, prospect of OPEC action

Oil rises on surprise U.S. crude drawdown, prospect of OPEC action
HOUSTON (Reuters) – Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer U.S. crude stocks fell 1.7... Read More

Oil slips as U.S. stocks rise; prospect of OPEC action supports

Oil slips as U.S. stocks rise; prospect of OPEC action supports
LONDON (Reuters) – Oil prices slipped toward $59 a barrel on Wednesday on data showing a bigger-than-expected rise in U.S. crude stocks, while the prospect of deeper output cuts by OPEC and its allies offered support. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Brent crude futures LCOc1... Read More

Oil dips as U.S. stocks rise; prospect of OPEC action supports

Oil dips as U.S. stocks rise; prospect of OPEC action supports
LONDON (Reuters) – Oil prices declined on Wednesday, holding below $60 a barrel on data showing a bigger-than-expected rise in U.S. crude stocks, but the prospect of deeper output cuts by OPEC and its allies offered support. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer Brent crude futures... Read More

Oil dips as U.S. stocks build; output cut prospects give support

Oil dips as U.S. stocks build; output cut prospects give support
SINGAPORE (Reuters) – Oil fell on Wednesday after climbing over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stocks, but the possibility of deeper output cuts from OPEC and its allies prevented a further decline. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22,... Read More

Oil falls on U.S. stockbuild; deeper output cut prospects give support

Oil falls on U.S. stockbuild; deeper output cut prospects give support
SINGAPORE (Reuters) – Oil fell on Wednesday after gaining over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stockpiles, but the possibility of deeper output cuts from OPEC and its allies contained the decline. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019.... Read More

Oil slips after U.S. inventory build, but possible OPEC cuts support market

Oil slips after U.S. inventory build, but possible OPEC cuts support market
SINGAPORE (Reuters) – Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer International benchmark Brent crude futures... Read More

Five U.S. officials including Kushner, Mnuchin to attend Saudi financial conference: sources

Five U.S. officials including Kushner, Mnuchin to attend Saudi financial conference: sources
FILE PHOTO: White House senior advisor Jared Kushner (C) and Treasury Secretary Steven Mnuchin (L) wait in the Rose Garden prior to President Donald Trump’s news conference on the United States-Mexico-Canada Agreement (USMCA) at the White House in Washington, U.S., October 1, 2018. REUTERS/Leah Millis WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin and presidential adviser Jared Kushner will lead... Read More