Commodities News

Oil Price Forecasts Falling on Shale Surge, OPEC Uncertainty (1)

9:57 am ET

Analysts following the $1.8 trillion-a-year oil market are tempering bullish price outlooks after the commodity lost about 10 percent of its value in less than two weeks amid ominous signs the worldwide supply glut may not be shrinking.

Oil Fluctuates as Fuel-Supply Drop Counters Crude-Stockpile Gain

9:13 am ET

Oil fluctuated as an increase in U.S. crude inventories was countered by a drop in fuel stockpiles in the world’s largest oil consumer.

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