U.S. Oil Hits Five-Month High As Dollar Weakens

U.S. crude oil hit a five-month high on Thursday as the dollar slipped to its lowest since February and as more evidence emerged of a gradual balancing of the U.S. domestic market. The U.S. currency fell to a two-month low against a basket of currencies early on Thursday as the euro and yen rallied, making… Read more »

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The Benefits of Fracking

Lobbyists have made sure we get the message about how bad fracking is for the planet and everything on it. Alarmist and sensationalized accounts of drilling-related woes abound, with little concern for accuracy or exaggeration. But what about the benefits of fracking? Is it possible that fracking is actually good for the environment and economy?… Read more »

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Oil Jumps On Only Modest U.S. Crude Stock Build

Crude oil prices rose on Wednesday after news U.S. crude stocks increased less than expected last week and inventories at the oil hub at Cushing, Oklahoma, declined for the first time since November, suggesting an oil glut may be beginning to ease. U.S. crude inventories USOILC=ECI rose 1.9 million barrels last week, compared with analysts’… Read more »

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Oil Prices Lifted By U.S. Production Decline

Oil prices rose on Wednesday after the U.S. government’s Energy Information Administration (EIA) reported a decline in U.S. production. Brent crude for June delivery LCOc1 was up 66 cents at $62.74 a barrel by 1358 GMT, after touching an intraday low of $61.39. U.S. crude for June delivery CLc1 was up 20 cents to $56.81… Read more »

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Trending: Opportune Shifts Oil and Gas

Fundamental changes in supply and demand have caused seismic shifts in the economics of oil and gas exploration and production. To understand how those changes will impact investors, it’s important look at how the drivers of the industry have changed. Supply and Demand For decades, oil prices were set by cartels like OPEC. But huge… Read more »

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Brent Rises Above $64 After Yemen Oilfield Retreat

Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by Yemen and the prospect that lower prices are starting to curb U.S. shale output. At 1509 GMT,… Read more »

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IHS: Eagle Ford Completions Pending

US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators. The IHS Energy Analysis of Drilled, but Uncompleted Wells in the Eagle Ford… Read more »

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