United States

David Gaffen

Oil slumps 7 percent to one-year low as rout extends to 12 days

Nov 13 2018

NEW YORK Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. | Video

U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau

Nov 13 2018

WINNIPEG, Manitoba/NEW YORK A U.S. judge in Montana has blocked construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing praise on Friday from environmental groups and a rebuke from President Donald Trump. | Video

U.S. judge halts Keystone XL pipeline, dealing project another setback

Nov 09 2018

Nov 9 A U.S. judge in Montana late Thursday halted construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, throwing another obstacle in the path of the project that has been in development for a decade.

Oil slips after U.S. output hits record, crude stocks rise

Nov 07 2018

NEW YORK Oil prices slipped on Wednesday, continuing a recent slide after surging U.S. crude output hit another record and domestic inventories rose more than expected.

Oil rally faces tidal wave of supply

Nov 04 2018

The oil market's two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide.

Oil prices drop as wave of supply meets global economic gloom

Nov 01 2018

NEW YORK Oil fell nearly 3 percent on Thursday, with U.S. crude futures hitting lows not seen since April, due to growing concerns that global demand is weakening at a time when output from the world's major oil producers is surging.

CoreCommodity's De Chiara says bull cycle in commods starting

Oct 30 2018

Commodities from energy to metals and agriculture are in the early stages of a strong upward move, CoreCommodity LLC portfolio manager Adam De Chiara said on Tuesday, as interest rates start to rise and long-standing supply gluts start to dwindle.

U.S. oil prices up after sharp drop in fuel stocks

Oct 24 2018

NEW YORK Oil prices rose modestly on Wednesday, rebounding after several days of weakness as a much bigger-than-expected drawdown in U.S. gasoline and diesel inventories augured a seasonal increase in refining demand.

World News