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Crude Oil Price Update – Waiting for OPEC Decision on Production Cut Extension; $50.30 is the Pivot

Yahoo Finance - 9/24/2017 7:16:00 AM
November West Texas Intermediate crude oil futures are trading lower shortly before ... or deepen the cuts designed to trim the supply glut and stabilize prices. Ministers from OPEC, Russia and other producing countries are currently meeting in Vienna ...

Crude Oil Price Update – Major Pivot Price on Weekly Chart is $50.59

NASDAQ - 9/23/2017 2:37:00 PM
Russia's energy minister said no decision was ... Based on last week's close at $50.66 and last week's price action, the direction of the November WTI crude oil market this week is likely to be determined by trader reaction to the major 50% level at ...

Crude Oil Price Hit 4-Month High, Gold Drops On FOMC Outcome

talkmarkets.com - 9/21/2017 10:11:00 AM
Crude oil prices pushed upward after a brief consolidative pause ... and Iraq hinted a further 1 percent reduction in production is being discussed (though Russia pushed back a bit, saying no formal proposal has been made). EIA inventory statistics ...

OPEC’s Crude Oil Production and Exports Impact Crude Oil Prices

Market Realist - 9/19/2017 8:23:00 PM
Russia could also support extending the production cut deal. A fall in OPEC’s crude oil production and exports would benefit crude oil (IXC) (IYE) prices. However, OPEC’s crude oil production is expected to rise in 2018. So, a possible production cut ...

Crude oil price recovers on upbeat industry report

Gulf Times - 9/17/2017 7:45:18 PM
But the risk that failure to extend could send prices sharply lower should ensure its safe passage. A WTI crude oil price at or below $50/b has hurt US shale oil producers’ ability to continue ramping up production. The EIA sees US production averaging 9 ...

Oil holds gains as producers say market rebalancing

Business Insider - 9/25/2017 5:12:00 AM
The Organization of the Petroleum Exporting Countries, Russia and several other producers ... pared back on spending plans when crude prices were softer. Hedge funds boosted bullish wagers on U.S. crude oil to the highest level in one month, data showed ...

Crude Oil Ends Week Above $50 Despite OPEC Uncertainty

Realtime Business News - 9/22/2017 6:58:00 PM
Crude oil prices inched higher Friday, preserving weekly gains as OPEC met in Vienna to discuss output cuts. Oil's rally stalled amid uncertainty over the outcome of the meeting. Russian Energy Minister Alexander Novak said Russia and OPEC can wait until ...

Extension of Opec deal likely as oil prices rally

hellenicshippingnews.com - 9/22/2017 10:26:00 AM
Opec may be encouraged to extend the current deal to limit output beyond March as oil prices appreciate due to reduction in ... According to secondary sources, Opec crude oil production averaged 32.76 million barrels a day in August, a decrease of 79,000 ...

MARKET WATCH: NYMEX, Brent hold steady pending OPEC-Russia discussions

Oil & Gas Journal - 9/22/2017 3:45:00 PM
The light, sweet crude oil contract ... Kuwait, and Russia. Typically, OPEC and non-OPEC participants wait until closer to an actual expiration date before taking action, said Goldman Sachs analysts. They expected the Brent price to reach $58/bbl by ...

OPEC Meets As Oil Prices Hit $57

nairaland.com - 9/22/2017 7:53:00 AM
Russia and other non-OPEC producers agreed to cut half ... The APC government is already making lot of extra budgetary revenue for every barrel of crude oil sold due higher price above budgeted benchmark, we are also told of billions recovered loot yet ...