The US oil-rig count rose by two to 722 last week, according to oilfields-services company Baker Hughes.
This week marks the one-year anniversary of when the tally bottomed after the price.. Business Insider
Dec.04 -- Robin Mills, Qamar Energy chief executive officer, and Morten Frisch, Morten Frisch Consulting managing partner, discuss the outlook for OPEC oil production with Bloomberg's Yousef Gamal.. Source: Bloomberg Global Business -
Oil sweeps to a six-week high after OPEC agrees to cut crude output to clear a glut. As David Pollard reports, bond yields also rose on prospects that resulting inflationary pressures will lead to.. Source: Rumble -
Crude oil tumbled on Thursday even after OPEC and its allies extended their agreement to lower production by nine months.
The Organization of Petroleum Exporting Countries — a cartel of major.. Business Insider
In an attempt to keep the price of oil above $50 a barrel, OPEC has extended the production cut for another nine months. The decision came at a meeting between officials of oil exporting countries in.. Deutsche Welle Also reported by •MarketWatch •FT.com
Here is what you need to know.
*The Fed talks balance sheet reduction.* Minutes from the May FOMC meeting released on Wednesday showed the Fed plans to unwind its massive balance sheet by gradually.. Business Insider