Oil up on Russia-OPEC hopes; U.S. rig count jump limits gains Oct 20, 2016 09:07PM

By Ethan Lou

NEW YORK (Reuters) - Oil settled up on Friday on hopes Russia and OPEC will reach agreement at the weekend on market support initiatives to keep crude above $50 a barrel, although traders cautioned about pressure from a double-digit rise in the U.S. oil rig count.

Russian Energy Minister Alexander Novak said he would make proposals to his counterpart from OPEC leader Saudi Arabia this weekend on price-supportive measures that... (continue reading...)

UPDATE: Natural Gas Inventory +77 bcf vs +74 bcf Expected Oct 20, 2016 10:30AM (Updated - October 20, 2016 10:30 AM EDT)
  • Natural Gas Inventory +77 bcf vs +74 bcf Expected

Working gas in storage was 3,836 Bcf as of Friday, October 14, 2016, according to EIA estimates. This represents a net increase of 77 Bcf from the previous week. Stocks were 46 Bcf higher than last year at this time and 185 Bcf above the five-year average of 3,651 Bcf. At 3,836 Bcf, total working gas is above the five-year historical range.

Stocksbillion cubic feet (Bcf) Year... (continue reading...)
Oil down 2 percent, strong dollar knocks U.S. crude off 15-month highs Oct 19, 2016 09:38PM

By Ethan Lou

NEW YORK (Reuters) - Oil prices settled down more than 2 percent on Thursday, as a resurgent dollar encouraged players to take profit on the previous day's rally that sent U.S. crude to 15-month highs.

The dollar hit seven-month highs against a basket of currencies and a three-month peak versus the euro after the European Central Bank kept interest rates unchanged and U.S. data showed home resales surged in September.

... (continue reading...)
Fed Beige Book Says Job Market Tight; Outlooks Mostly Positive Oct 19, 2016 02:01PM

(Updated - October 19, 2016 2:01 PM EDT)

Fed Beige Book says job market tight, outlooks mostly positive.

UPDATE - The full Beige Book follows:

Summary of Commentary on Current Economic Conditions by Federal Reserve DistrictPrepared at the Federal Reserve Bank of Dallas based on information collected on or before October 7, 2016. This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of... (continue reading...)
EIA Weekly Crude Inventory Data Shows Larger Than Expected Draw Oct 19, 2016 10:34AM

(Updated - October 19, 2016 10:34 AM EDT)

Crude Inventory -5.25M Barrels vs +2.18M Expected

  • Cushing -1.64M vs -423K
  • Gasoline +2.47M vs -903K
  • Distillate -1.24M vs -1.62M

U.S. crude oil refinery inputs averaged about 15.4 million barrels per day during the week ending October 14, 2016, 182,000 barrels per day less than the previous week’s average. Refineries operated at 85.0% of their operable capacity last week. Gasoline production decreased last week, averaging 9.5 million... (continue reading...)

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Oct 18, 2016 08:25PM Oil up over 2 percent; U.S. crude at 15-month high on big drawdown
Oct 18, 2016 04:39PM UPDATE: API Crude Inventory -3.8M Barrels
Oct 17, 2016 08:39PM Oil settles up; extends gains as API reports U.S. crude draw
Oct 16, 2016 08:40PM Oil ends lower on U.S. trade spike; shale decline limits losses
Oct 14, 2016 01:05PM UPDATE: Baker Hughes Total U.S. Rig Count +15, Oil Rigs +4
Oct 13, 2016 09:10PM Oil dips on dollar, rig count rise; focus still on OPEC
Oct 13, 2016 11:01AM UPDATE: Crude Inventory +4.85M Barrels vs +600K Expected
Oct 13, 2016 10:30AM Natural Gas Inventory 79 bcf vs 88 bcf Expected
Oct 12, 2016 10:56PM Investors may be betting oil glut will end soon, but crude traders beg to differ
Oct 12, 2016 08:37PM Oil ends up; refined products draw offset U.S. crude build
Oct 12, 2016 04:37PM UPDATE: API Crude Inventory +2.7M Barrels
Oct 12, 2016 04:32PM API Crude Data Said to Show Larger Than Expected
Oct 12, 2016 07:08AM OPEC points to larger 2017 oil surplus despite deal to cut
Oct 11, 2016 08:34PM Oil ends lower on OPEC output hike; U.S. stockpile rise seen
Oct 11, 2016 01:48PM OPEC, key producers to discuss six-month oil deal
Oct 11, 2016 11:32AM OPEC chief says freeze deal likely to last six months, then be reviewed
Oct 11, 2016 06:36AM Saudi's Falih says non-OPEC countries willing to help balance oil market
Oct 10, 2016 11:32PM Goldman sees lower chance of oil market rebalancing in 2017
Oct 10, 2016 09:11PM Wall Street stocks slide, dollar hits eight-month high
Oct 10, 2016 08:44PM Oil down on OPEC doubts as it floats six-month output cap plan
Oct 10, 2016 12:30PM Global oil producers say possible to reach output cut when OPEC meets
Oct 10, 2016 08:32AM Putin Says Russia Ready to Freeze or Even Cut Oil Output - Bloomberg
Oct 9, 2016 08:14PM Oil hits one-year high as Russia ready to join output caps
Oct 7, 2016 01:05PM UPDATE: Baker Hughes Total U.S. Rig Count +2, Oil Rigs +3
Oct 7, 2016 10:07AM OPEC officials set for flurry of meetings to nail down Algeria deal
Oct 7, 2016 08:30AM Change in Nonfarm Payrolls 156K vs 172K Expected; UE Rate 5% vs 4.9% Expected
Oct 7, 2016 06:12AM Cautious view of OPEC deal dampens oil price revival hopes: Reuters poll
Oct 6, 2016 09:28PM Oil ends down 1 percent, snapping week-long OPEC-fueled rally
Oct 6, 2016 11:04AM OPEC and Russian officials plan informal talks in Istanbul
Oct 6, 2016 10:42AM Prince Mohammed Didn't Authorize Sea Change in Saudi Arabia's Market-Share Strategy - WSJ
Oct 6, 2016 10:31AM UPDATE: Natural Gas Inventory +80 bcf vs +71 bcf Expected
Oct 6, 2016 08:26AM WTI crude rises above $50/BBL for first time since late June - Bloomberg (OIL) (USO)
Oct 6, 2016 05:21AM OPEC could cut output more in November if needed: Algerian official
Oct 5, 2016 09:08PM Oil hits four-month highs as OPEC keeps talks of cuts in focus
Oct 5, 2016 08:49PM Dollar firms, U.S. stocks steady before jobs data
Oct 5, 2016 03:17PM OPEC, non-OPEC producers plan informal meet in Istanbul to discuss Algiers deal: Algeria
Oct 5, 2016 10:32AM UPDATE: Crude Inventory -2.98M Barrels vs +1.06M Expected
Oct 4, 2016 08:36PM Oil up two percent to June highs after another U.S. crude draw
Oct 4, 2016 04:37PM API Crude Inventory -7.6M Barrels
Oct 4, 2016 12:35PM OPEC sights set for now on $50-60 per barrel oil: PIRA's Ross
Oct 4, 2016 08:27AM Gold drops below $1,300 an ounce to lowest since June 24 - Bloomberg
Oct 3, 2016 08:42PM Oil ends down, then jumps on chance of another U.S. crude draw
Oct 3, 2016 07:49AM Exclusive: U.S. helped clinch Iraq oil deal to keep Mosul battle on track
Oct 2, 2016 09:36PM Oil settles above $50 as Iran calls for non-OPEC support
Sep 30, 2016 01:21PM OPEC oil output hits record on Iraq, Libya boost: Reuters survey
Sep 30, 2016 01:07PM UPDATE: Baker Hughes Total U.S. Rig Count +11, Oil +7
Sep 30, 2016 10:40AM China set to export corn, threatening global market: sources
Sep 30, 2016 08:06AM Russia says will be able to freeze oil output in case of deal with OPEC
Sep 29, 2016 08:47PM Oil up second straight month on OPEC-fueled rally
Sep 29, 2016 10:30AM UPDATE: Natural Gas Inventory +49 bcf vs +55 bcf Expected
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