Oil hits 16-month high in buying rush after OPEC agreement Dec 4, 2016 08:55PM

By Jessica Resnick-Ault

NEW YORK (Reuters) - Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week's OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices.

Monday's gains take the rally since the Organization of the Petroleum Exporting Countries' agreement was struck on Wednesday to 19 percent for Brent and 16 percent for U.S.... (continue reading...)


Hedge funds trim bullish bets on U.S. crude ahead of OPEC deal Dec 2, 2016 03:50PM

NEW YORK (Reuters) - Hedge funds and money managers scaled back their bullish bets on U.S. crude oil in the days ahead of a landmark deal by the world's top crude exporters to cut production and rein in a global glut, data showed on Friday.

The speculator group cut its combined futures and options position in New York and London by 2,418 contracts to 189,677 during in the week to Nov. 29, the U.S. Commodity Futures Trading Commission (CFTC) said. That cut... (continue reading...)


Saudi Central bank System said to be hit by Iranian malware - Bloomberg Dec 2, 2016 01:07PM

Saudi Central bank System said to be hit by Iranian malware - Bloomberg


UPDATE: Baker Hughes Total U.S. Rig Count +4, Oil Rigs +3 Dec 2, 2016 01:05PM (Updated - December 2, 2016 1:05 PM EST)

Baker Hughes total U.S. rig count increased by 4 to 597. Oil rigs increased by 3 and gas rigs increased by 1.


Unemployment Rate Drops to 4.6% Dec 2, 2016 08:30AM
  • Change in Nonfarm Payrolls 178K vs 180K Expected; UE Rate 4.6% vs 4.9% Expected

The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.

Household Survey Data

In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons... (continue reading...)


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Dec 1, 2016 07:48PM Oil rallies to best week in years after OPEC output deal
Dec 1, 2016 07:25PM Dollar tanks as U.S. jobs cast doubt on pace of future hikes
Dec 1, 2016 10:30AM Natural Gas Inventory -50 bcf vs -50 bcf Expected
Dec 1, 2016 06:56AM Freeport-McMoRan (FCX) PT Raised to $18 at UBS on Copper Outlook, But Grasberg Risk Remains
Nov 30, 2016 09:34PM Oil soars, Brent hits 16-month high after OPEC output deal
Nov 30, 2016 02:02PM UPDATE: Fed Says U.S. Economy Continued to Expand Across Most Regions - Beige Book
Nov 30, 2016 11:09AM OPEC confirms production cut to 32.5 million barrels per day - Bloomberg
Nov 30, 2016 10:33AM UPDATE: Crude Inventory -884K Barrels vs +678K Expected
Nov 30, 2016 10:26AM Oman said to commit to matching oil-output cut if OPEC deal reached - Bloomberg
Nov 30, 2016 10:18AM OPEC to set up monitoring committee - Dow Jones
Nov 30, 2016 08:19AM OPEC agrees to cut output by 1.2M barrels per day - Bloomberg citing delegate
Nov 30, 2016 08:16AM ADP Employment Change (Nov) 216K vs 170K Expected
Nov 30, 2016 07:24AM Russia to Consider 200K B/D Output Cut if There's OPEC Deal - Bloomberg
Nov 30, 2016 06:58AM Brent crude jumps above $50 for the fist time since late October
Nov 30, 2016 06:37AM Russia Said to be Ready to Consider Cut if OPEC Reaches Deal - Bloomberg
Nov 30, 2016 06:35AM Saudi Arabia Said to Accept Iran Can Pump 3.9M B/D Within Deal - Bloomberg
Nov 30, 2016 02:21AM OPEC in first joint oil cut with Russia since 2001, Saudis take 'big hit'
Nov 29, 2016 04:36PM UPDATE: API Crude Inventory -717K Barrels
Nov 29, 2016 01:38PM OPEC ministers said to hold informal talks before Wednesday's meeting - Bloomberg (OIL) (USO)
Nov 29, 2016 01:14PM Case for rate hike 'clearly strengthened' this month: Fed's Powell
Nov 29, 2016 11:04AM Every OPEC Minister Said to Meet for Talks Tuesday Evening - Bloomberg
Nov 29, 2016 10:04AM Iran proposes in letter to OPEC that Saudi Arabia cut oil output to 9.5M barrels per day - Report
Nov 29, 2016 09:06AM UPDATE: Saudi Said Ready to Reject OPEC Deal Unless Iran-Iraq Compromise - Bloomberg
Nov 29, 2016 08:59AM Iran oil minister says will leave oil production at levels decided in Algeria - Reuters
Nov 29, 2016 08:53AM Iran Won't Cut Oil Production, Zanganeh Says - Bloomberg
Nov 29, 2016 08:52AM Iran won't cut oil production , Zanganeh says via Bloomberg
Nov 28, 2016 10:19PM Oil jumps over 10 percent as OPEC finalizes output cut deal
Nov 28, 2016 02:53PM Iran Oil Minister Says Politics May Make OPEC Decision Harder - Bloomberg
Nov 28, 2016 02:51PM OPEC Meeting Ends - Reuters
Nov 28, 2016 11:26AM Iraq Seeks Production Freeze at 4.546M B/D, Iran Considering Output Freeze, Saudis Insists Iran Reins in Output - DJ
Nov 28, 2016 04:38AM OPEC experts end meeting, no agreement on detail
Nov 27, 2016 07:45PM Oil up, trade choppy as OPEC makes last-ditch bid to save deal
Nov 25, 2016 12:36PM OPEC, Non-OPEC meeting on Monday is Canceled - Bloomberg citing a delegate
Nov 25, 2016 09:27AM Italy votes, OPEC meets as risks keep coming
Nov 25, 2016 09:02AM Saudi wants OPEC to solve own problems before meeting non-OPEC
Nov 24, 2016 08:23PM Oil falls $2 a barrel on OPEC cut uncertainty ahead of meeting
Nov 23, 2016 01:00PM Baker Hughes Total U.S. Rig Count 593 (588 Prior), Oil Rigs 474 (471 Prior)
Nov 23, 2016 12:00PM EIA says nat gas stockpile s fell 2 bcf last week (UNG)
Nov 23, 2016 10:38AM Iraq Will Bear Part of Oil Cut, Calls on OPEC to Cut Output by 900K Barrels/Day - Bloomberg, Citing PM Abadi
Nov 23, 2016 10:33AM UPDATE: Weekly EIA Crude Inventory Data Shows Surprise Draw
Nov 23, 2016 08:32AM Spot Gold falls below $1200/oz for the first time since May - Bloomberg
Nov 22, 2016 08:14PM Oil prices edge down on doubts about OPEC-led cuts
Nov 22, 2016 04:36PM UPDATE: API Crude Inventory -1.3M Barrels
Nov 22, 2016 01:22PM U.S. shares end at record highs for second day, oil steadies
Nov 22, 2016 11:57AM OPEC committee said to defer issue of Iran, Iraq cuts to Nov 30 - Bloomberg
Nov 22, 2016 09:07AM OPEC to debate oil output cut next week but Iraq, Iran hesitate
Nov 21, 2016 08:16PM Oil prices end near flat on uncertain outcome from OPEC meeting
Nov 21, 2016 09:42AM Freeport-McMoRan (FCX) the 'Go-To' Copper Play Again, PT to $20 - Cowen
Nov 20, 2016 07:42PM Oil jumps, at three-week high ahead of OPEC output decision
Nov 18, 2016 01:06PM UPDATE: Baker Hughes Total U.S. Rig Count +20, Oil Rigs +19
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