The US oil-rig count rose by two to 722 last week, according to oilfields-services company Baker Hughes.
This week marks the one-year anniversary of when the tally bottomed after the price.. Business Insider
Crude oil tumbled on Thursday even after OPEC and its allies extended their agreement to lower production by nine months.
The Organization of Petroleum Exporting Countries — a cartel of major.. Business Insider
Dec.04 -- Robin Mills, Qamar Energy chief executive officer, and Morten Frisch, Morten Frisch Consulting managing partner, discuss the outlook for OPEC oil production with Bloomberg's Yousef Gamal.. Source: Bloomberg Global Business -
Oil sweeps to a six-week high after OPEC agrees to cut crude output to clear a glut. As David Pollard reports, bond yields also rose on prospects that resulting inflationary pressures will lead to.. Source: Rumble -
Here is what you need to know.
*The Fed talks balance sheet reduction.* Minutes from the May FOMC meeting released on Wednesday showed the Fed plans to unwind its massive balance sheet by gradually.. Business Insider
It has been a seesion of violent, volatile gaps, starting with sharp gap up in S&P futures on Wednesday night, just around 10pm, which saw ES spike and rally to new all time highs on no news...
..... Zero Hedge
Authored by Nick Cunningham via OilPrice.com,
Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate.. Zero Hedge
Today's Twin Cities weather, sports scores and schedules, conversation starters, traffic and flight information: Local weather: Drizzle early, then clouds; high of 37 Today's headlines Mike Zimmer has.. bizjournals
VIENNA—Breaking with years of inaction, OPEC agreed Wednesday to cut its oil output for the first time since 2008. The move effectively scraps its strategy of squeezing U.S. competition through high.. Epoch Times Also reported by •L.A. Times •FOXNews.com