WTI Crude
50.82
Brent Crude
50.47
Natural Gas
3.44
Oil Keeps Rising After OPEC Output Deal

Wrtten by Sarah McFarlane and Jenny W. Hsu at The Wall Street Journal Click HERE to Read the Article by the Publisher. Oil prices rose on Thursday, building on gains made after OPEC struck a long-sought agreement to reduce production by 1.2 million barrels a day. Brent crude, the global oil benchmark, rose 1.4% to $52.56 a barrel on London’s…
[READ MORE]

How the OPEC deal makes Texas shale a big winner

Written by Joe Carroll and Alex Nussbaum with Bloomberg and published by The Dallas Morning News Click HERE to Read the Article by the Publisher. The biggest beneficiaries of OPEC's decision to shrink oil production will include its most implacable enemies: U.S. shale drillers. After a 2 1/2-year price war in which the the Organization of Petroleum Exporting Countries sought…
[READ MORE]

The OPEC Deal: Here Are The Details

Written by Nick Cunningham at oilprice.com Click HERE to Read the Article by the Publisher. Oil prices surged more than 8 percent on Wednesday as OPEC shocked the world and reached an agreement to cut production. If OPEC members succeed in implementing the deal, set to take effect in January, it could erase the global surplus in an instant. “The…
[READ MORE]