Rigzone Industry News

Oil fell from an 11-week high as traders locked in profits and the commodity's 200-day moving average again provided a barrier to further advances.

OPEC predicted an even tighter global oil market next year.

Tighter supplies and slower US inflation helped crude break out of the trading range it had been stuck in for about two months, with Brent crude closing above $80 a barrel for the first time since April.

Oil rose amid indications that Russian crude production is dropping, signaling the market's supply glut may be coming to an end.

Oil dropped as light summer trading volumes exacerbated pressure from technical resistance levels.

Norway's experience suggests that electric cars aren't a panacea for carbon emissions.

Oil posted a second weekly gain as evidence mounted that the decision by OPEC+ leaders Saudi Arabia and Russia to tighten supplies was making a mark across physical markets.

Oil settled a penny higher after a choppy session in which mixed signals, including a price hike for Saudi crudes and broader risk-off sentiment, pulled traders in opposite directions.

Oil rose as traders weighed Saudi Arabian and Russian production cuts after a slew of low-volume trading sessions.

A formal search process is now underway for a successor.