Tag Archives: Oil Rises

Oil Rises 1.8% To $65.61, Setting New 3-Year Closing High After 10th Straight Drop In US Crude Stockpiles

U.S. crude prices topped $65 a barrel for the first time since December 2014. Oil prices turned higher after the U.S. government reported the tenth straight weekly drop in U.S. crude stockpiles. U.S. crude prices topped $65 a barrel for the first time in more than three years on Wednesday after government data showed the […]

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Oil Rises 2% After Saudi and Russia Back Longer Supply Cut

  Oil jumped more than 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than first agreed. Energy ministers from the world’s […]

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