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By Mark Shenk, Bloomberg |
May 7, 2013
The U.S. Energy Information Administration reduced its crude-oil price forecast for 2013 because of falling futures and increasing production outside of the Organization of Petroleum Exporting Countries.
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By Mark Shenk, Bloomberg |
April 18, 2013
West Texas Intermediate crude rose from a four-month low on signals that recent losses were exaggerated and as Spain sold more debt than planned.
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By Mark Shenk, Bloomberg |
April 16, 2013
Brent crude fell below $100 a barrel for the first time since July on signs economic growth will slow, curbing demand. West Texas Intermediate oil was little changed before a report that may show a U.S. supply gain.
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By Mark Shenk, Bloomberg |
April 9, 2013
The U.S. Energy Information Administration increased its West Texas Intermediate crude price forecast for 2013, predicting new pipeline and rail capacity will narrow WTI’s discount to Brent oil.
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By Mark Shenk, Bloomberg |
April 3, 2013
Crude dropped after an industry report showed that U.S. oil stockpiles climbed to a nine-month high as output held at the highest level in more than two decades.
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By Mark Shenk, Bloomberg |
April 2, 2013
West Texas Intermediate crude rose as U.S. equities surged after data showed U.S. factory orders exceeded forecasts, signaling increasing economic growth and fuel demand.
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By Mark Shenk, Bloomberg |
March 13, 2013
West Texas Intermediate oil pared gains after an Energy Information Administration report showed that U.S. inventories gained last week as production rose.
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By Mark Shenk, Bloomberg |
March 11, 2013
Oil dropped as China’s industrial production trailed estimates and after Saudi Arabian crude output climbed from a 20-month low last month.
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By Mark Shenk, Bloomberg |
March 1, 2013
West Texas Intermediate oil slipped to the lowest level this year as Chinese manufacturing expanded less than forecast and U.S. federal spending cuts were set to be triggered, bolstering concern that fuel demand will decline.
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By Mark Shenk, Bloomberg |
February 28, 2013
OPEC crude output rose for the first time in six months as rising Libyan production outpaced a cut by Saudi Arabia, which has implemented a program aimed at curbing excess supply and supporting prices.
