OPEC

As the first snowflakes of winter fall in parts of the country Friday, the stock market also has a chilly tone to start the day. Concerns about rising rates continue to weigh on sentiment, and so does a higher than expected read on U.S. inflation. Some investors seem to be seizing on what looked...

Iran faces runaway inflation, a trucker strike, and oil sanctions Iran's truckers are on strike for the second time this year, the Middle East Monitor reported yesterday, protesting inflationary insurance prices, permit fees, high commission rates, spare parts costs, and increasing operational...

A record-breaking 46.9 million Americans are expected to travel more than 50 miles from home this Independence Day holiday, according to American Automobile Association estimates. Why Gas Prices Are Rising AAA’s figures show that the vast majority — 39.7 million people — will take...

It’s been a strong week for oil. Despite OPEC saying they will continue to increase their production supply, crude futures are back above $70 following a brief slide back to the mid-$60’s at the end of May. The rise in both oil and oil stocks has energy investors downright giddy, as the...

Oil investors are cheering and oil prices are on the rise Friday following a production cap announcement from OPEC. What Happened At its meeting in Vienna Friday, OPEC announced that it will begin to raise its output but did not provide details about the extent of the hike. OPEC only said...

Will crude prices continue to rally? The consensus decision from tomorrow's 174th OPEC meet in Vienna, Austria, will probably answer this million-dollar question.   Most of the analysts opine that Saudi Arabia and Russia will consider increasing oil production as the global crude supply...

The United States Oil Fund LP (ETF) (NYSE: USO) is down 7.6 percent in the past month as investors anticipate the next major OPEC meeting this week. OPEC is meeting in Vienna on Friday and Saturday and is expected to discuss potentially raising crude oil production now that prices have stabilized...

Later this week, the Organization of Petroleum Exporting Countries and Russia meet in Vienna. The cartel and Russia, the largest non-OPEC oil producer, are expected to discuss potentially upping output to take advantage of higher prices. Year-to-date, oil is one of the best-performing commodities...

The tanker group as a whole is "uniquely positioned" to take advantage of a likely increase in oil production and potentially significant IMO 2020 tailwinds, according to Wells Fargo. The Analyst Wells Fargo's Michael Webber upgraded the following stocks DHT Holdings Inc (NYSE: DHT)...

The United States Oil Fund (NYSE: USO), one of the most heavily traded commodities exchange traded funds in the U.S., is having an eventful 2018. After a surge that began in February and continued for much of the second quarter, USO is lower by 6.33 percent over the past month. Oil is still one of...

Oil prices traded lower Tuesday morning and saw heavy selling pressure last week. With the price of WTI hovering around the $67 mark, the upside case for $100 a barrel still can't be ruled out, according to Helima Croft, global head of commodity strategy at RBC Capital Markets. What Happened...

The energy sector has been on a tear in the second quarter. The Energy Select Sector SPDR (NYSE: XLE), the largest energy exchange-traded fund by assets, is higher by 17 percent so far in the quarter while the S&P 500 is about 5.3 percent. Oil's move to multi-year highs and the resurgence...

President Donald Trump’s tweets are once again moving financial markets, only this time it’s oil taking a hit. What Happened On Friday morning, Trump tweeted that OPEC has driven oil prices “artificially very high,” a move that “will not be accepted.” Looks...