Tag Archives: Oil Market

Oil Prices Post Strongest January Opening Since 2014

Oil prices posted their strongest opening to a year since 2014 on Jan. 2, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures traded flat at around $60.40 by 6 a.m. CST (12 GMT) after hitting […]

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The DNA of Oil Wells: U.S. Shale Enlists Genetics to Boost Output

A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world’s top exporters. Shale producers have slashed production costs as much as 50 percent over two years, […]

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Analysis: Crude Likely To Hit $60 In Second Quarter

Crude’s latest decline has thrown the market into a mild panic. Higher than expected inventories combined with bearish commentary from the Saudi oil minister last week have cost crude prices roughly 10% since March 8. If nothing else, recent trading days have reflected a psychologically fragile oil market. With all of the current geopolitical unknowns, […]

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