Sabina Zawadzki, Reuters

Oil prices slip ahead of US stock data after surprise API build

Sabina Zawadzki, Reuters

April 26, 2017

Oil prices edged lower on Wednesday ahead of data that will shed light on U.S. crude inventories after an industry report indicated a surprise build in fuel stocks, underscoring the persistence of global oversupply.

Oil prices rise with Libyan output disruption, upside capped

Sabina Zawadzki, Reuters

March 28, 2017

A severe disruption to Libyan oil supplies and comments from officials suggesting OPEC could extend its production cuts deal to the end of the year boosted oil prices on Tuesday.

Oil prices dip, rising U.S. output offsets OPEC cuts

Sabina Zawadzki, Reuters

February 28, 2017

Global oil prices dipped on Tuesday but continued to trade in a tight range with the OPEC-led output cuts offset by increasing crude production from the United States.

Oil prices rise to highest this month on hopes of OPEC deal

Sabina Zawadzki, Reuters

November 22, 2016

Oil prices rose on Tuesday to their highest this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and skepticism to strike a deal that materially reduces crude output.

Oil prices find floor after falls on supply glut woes

Sabina Zawadzki, Reuters

November 3, 2016

Oil prices edged up on Thursday, supported by news of an attack on a Nigerian pipeline and moving off a five-week low reached the previous session when U.S. crude stocks data compounded doubts that a glut in global oil supplies could be reduced.

Oil slips as profits taken from strong rally

Sabina Zawadzki, Reuters

October 20, 2016

Oil prices fell on Thursday on profit-taking, after markets rallied the previous day on another unseasonal draw in U.S. crude oil stocks helping bullish sentiment from an expectation of an OPEC-led cut in production.