Oil extends gains, set for biggest weekly rise since 2009 Oct 8, 2015 09:20PM

By Karolin Schaps

LONDON (Reuters) - Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.S. Federal Reserve minutes suggested it was in no hurry to raise interest rates and an influential forecaster predicted a price rally.

Brent crude, the global benchmark, was up 75 cents at $53.80 a barrel at 1211 GMT, 1.3 percent above the previous close and on track to rise 12 percent this week alone. U.S. crude... (continue reading...)

Crude rises above $50/bbl for first time since July (USO) (OIL) Oct 8, 2015 02:22PM

Crude rises above $50/bbl for first time since July.

UPDATE: Natural Gas Inventory 95 bcf vs 98 bcf Expected Oct 8, 2015 10:33AM (Updated - October 8, 2015 10:33 AM EDT)
  • Natural Gas Inventory 95 bcf vs 98 bcf Expected

Working gas in storage was 3,633 Bcf as of Friday, October 2, 2015, according to EIA estimates. This represents a net increase of 95 Bcf from the previous week. Stocks were 443 Bcf higher than last year at this time and 155 Bcf above the 5-year average of 3,478 Bcf. In the East Region, stocks were 22 Bcf below the 5-year average following net injections of 57 Bcf. Stocks in the... (continue reading...)

Saudi Arabia said to order spending cubs amid oil price slump - Bloomberg(OIL) (USO) Oct 8, 2015 07:26AM

Saudi Arabia said to order spending cubs amid oil price slump, according to Bloomberg.

Oil surges to settle at three-month high on bullish outlook Oct 7, 2015 08:56PM

By Koustav Samanta and Scott DiSavino

NEW YORK (Reuters) - Oil prices climbed to their highest in three months on Thursday after a closely watched oil forecaster predicted prices would climb to $75 over the next two years, adding to early gains notched after a rally in Chinese stocks worries about Syria.

PIRA Energy Group, a closely watched forecaster that predicted the collapse in oil prices a year ago, said it sees crude prices at $70 per... (continue reading...)

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