OPEC

The W&T Offshore, Inc. (NYSE: WTI) "WTI crude oil" spot price is down more than 43 percent this year due to a glut in oil supply worldwide. As new fracking and horizontal drilling technology has spearheaded the energy boom in the United States, oil production has grown at a...

Brent crude oil fell even further on Wednesday as poor economic data fueled worries about the global economic slowdown. The commodity traded at $81.85 at 7:45 GMT as the global supply glut continued to weigh on prices. On Tuesday, Brent was weighed down by news that Saudi Arabia had cut its oil...

Brent crude oil slid on Tuesday as the global supply glut appeared to grow and the global economy continued on an uncertain path. The commodity traded at $85.24 at 7:10 GMT as investors waited for inventory data out of the U.S. as well as the beginning of the Federal Reserve’s policy...

Brent crude oil looked set to post its first weekly gain in more than a month after reports that Saudi Arabian output was depressed boosted prices. However, the commodity was under some pressure and traded at $86.33 when Ebola fears resurfaced in the U.S. after another health care worker tested...

Brent crude oil began the week above $86 after positive economic data from the U.S. helped boost demand expectations. The commodity traded at $86.46 at 7:50 GMT as investors looked to China for a better picture of the global economy’s health. China is due to release several data points...

Brent crude oil remained below $89 on Tuesday as a global supply glut continued to weight on prices. The commodity traded at $88.36 at 9:00 GMT as speculation that OPEC will cut its output faded.  Despite the fact that most OPEC nations need oil prices to be above $100 in order to...

Brent crude oil tumbled on Monday morning after news that OPEC is not considering an output cut further escalated concern about oversupply in the market. The commodity traded at $88.55 at 7:30 GMT despite better than expected trade data from China. On Monday, a Chinese report showed that the...

The Centers for Disease Control and Prevention (CDC) is facing harsh criticism for deeming the infection of a Dallas nurse who’d been caring for an Ebola patient a “protocol breach.” A nurse from Texas Health Presbyterian Hospital Dallas was admitted into isolation on Friday...

U.S. stocks continued to sell off on Friday on higher than usual volume. Semiconductor stocks were hit hard following Microchip's profit warning and cautious sector-wide comments. The rest of the tech sector was weak, especially "momentum" and high-beta stocks as the Nasdaq index...

Brent crude oil fell below $90 on Friday for the first time since 2010 as oversupply continued to outweigh geopolitical factors. The commodity traded at $88.89 at 7:45 GMT, causing many to speculate that OPEC will step in with a supply cut. CNBC reported that some analysts see the...

Brent crude oil was set to post its fourth weekly loss on Friday, trading at $93.76 at 7:40 GMT. The commodity has been under a lot of pressure recently as a supply glut continues to grow and the global economy remains stagnant. Crude prices took a nosedive on Wednesday after Saudi Arabia...

Brent crude oil nearly fell below $94 on Thursday morning as investors continued to worry about growing supplies and a waning global economy. The commodity traded at $94.08 at 6:28 GMT with the outcome of the European Central Bank’s policy meeting in focus.  Weak data from the...

Brent crude oil made its way toward $95 on Wednesday, helped by strong Chinese data. The commodity traded at $94.94 at 4:20 GMT, still under pressure from the global supply glut. On Tuesday, crude prices tumbled as growing global supply weighed. Brent lost more than $2.00, the commodity...

Brent crude oil traded steadily above $97 on Tuesday but remained under pressure from oversupply worries. The commodity traded at $97.35 at 5:00 GMT helped by positive economic data from the world’s two largest consumers. Oil demand in the U.S. has been steadily climbing as the nation...