The oil price is edging lower again Wednesday, on news OPEC and non-OPEC delegates have discussed the likelihood of extending the current output cap through to the end of 2018, ahead of the Nov 30 Vienna meeting. read »last month
The oil price is rising Wednesday on news of a bigger than expected drawdown of US crude oil inventories and that delivery of oil through a Canadian pipeline will be reduced by 85% until the end of November. read »last month
The oil price is marginally higher Tuesday after a few days of declines. A mixed outlook is limiting price moves as investors await the output of the Nov 30 OPEC meeting and if US shale oil output continues to rise. read »last month
The oil prices edged lower for a second day Tuesday on anticipation of an increase in Us oil production. The IEA world energy report also highlights a steep increase in US shale oil production going forward. read »November 2017
The oil price rose sharply Monday and remains well bid Tuesday on rising geopolitical tensions, including the Saudi crown prince's political purge. The November OPEC meeting also remains in mind ahead of expectations of a output cap extension. read »November 2017
The oil price remains above $60 per barrel Tuesday, as the current oil output cap between OPEC and some non-OPEC producers is expected to remain in place in 2018. Question marks are also being raised over the future level of output from US shale oil producers. read »October 2017
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