Crude Oil News and Headlines
- Light Crude Advances 7.5% for the Week 03/05/2021U.S. benchmark crude futures topped $66 a barrel on Friday, while its global counterpart Brent neared the key $70 level. The producer alliance’s supply curbs and the rollout of Covid-19 vaccines have ...
- S&P/TSX composite rebounds from early losses on signs of strong economic recovery 03/05/2021TORONTO — Canada's main stock index reversed early losses to close higher on signs of a quicker economic recovery that sent crude oil prices to a near two-year high. The S&P/TSX composite index closed ...
- Surprise OPEC+ Cuts Rollover Depresses Already Weak Oil Tanker Market 03/05/2021Oil tanker owners and shipbrokers are set to suffer longer than expected from the massive OPEC+ production cuts after the coalition surprised the oil and tanker markets on Thursday by deciding to keep ...
- Tech rebound pulls stocks out of a slump and to weekly gain 03/05/2021A late-day rebound in technology companies pulled the stock market out of a slump and helped give the S&P 500 its first weekly gain in three weeks. The index rose 2% Friday. Investors were encouraged ...
- U.S. Trade Deficit Widened in January as Americans Bought More Imported Goods 03/05/2021The deficit in trade of goods and services expanded by 1.9% to a seasonally adjusted $68.2 billion in January, compared with a $66.97 billion gap in December.
- Canada's January Grain and Product Exports 03/05/2021Agriculture exports played a role in helping Canada achieve its first monthly trade surplus since July 2014. Here is a look at trade data for various crops and crop products.
- Spike in Canada Exports to U.S. Leads to Surprise January Trade Surplus 03/05/2021Canada's exports to the United States, its largest trading partner, rose sharply in January, leading to a surprise trade surplus, Statistics Canada said on Friday. Canada's trade surplus with the rest ...
- Walt Breitinger: Crude catapults, Vilsack voices optimism 03/05/2021Crude oil as of midday Friday traded at $66, up about $4 per barrel from last week. Our new Secretary of Agriculture spoke throughout the week about including farmers in new income streams. In his ...
- Stocks Climb, Erasing Earlier Losses, as Economy Heats Up 03/05/2021Stocks are swerving through another rocky ride Friday as investors struggle to figure out what an encouraging report on the economy and the recent march higher for bond yields should mean for the ...
- Israel’s Environment Minister Blames Iran for Oil Spill 03/05/2021Israeli security officials were surprised by the claim and some disputed it; expert says ‘wouldn’t be surprising’ to find Iran behind it.
- Oil Prices Surge to 2-Year High on OPEC Cuts, Jobs Growth 03/05/2021U.S. crude prices are trading at the highest levels since April 2019, pushing oil majors firmly into the green, following a stronger-than-expected February jobs report and yesterday's agreement on ...
- Oil prices continue to climb 03/05/2021The rig count in the Permian Basin was up three this week, the latest count Friday by Baker Hughes shows, with 211 rigs active in the region. A year ago, 415 rigs were active in the region.