WTI Crude
50.43
Brent Crude
56.58
Natural Gas
2.96
  • Crude oil and natural gas production in Texas and Oklahoma’s Anadarko Region is growing

  • Port Houston’s freeze puts tons of commodities in limbo off Texas coast

  • Harvey Damage Shuts Main Fuel Line From Texas to New York

  • Oil extends gains as Saudi pledges export curbs

  • Small Permian producers flashing warnings as oil remains cheap

Two Big Words Show Why U.S. Oil May Finally Be Turning a Corner

Oil futures in New York have been stuck in glut mode, but that may be starting to change for the first time in years as backwardation, one of those big words used by traders, begins to replace contango. After prices collapsed in 2014, West Texas Intermediate gradually started selling at a discount to its longer-dated futures. That’s what contango means.…
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Eagle Ford Earns its Place as U.S.’s No. 2 Oil Basin

While it has been recently eclipsed by the Permian, the Eagle Ford in South Texas remains one of the most important shale basins in the world. According to the EIA, the basin will produce 1,280 MBOPD in September, making it the second-largest oil-producing basin in the U.S. Despite temporary interference from Hurricane Harvey there are currently 71 rigs active in…
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Oil dips on rising US crude inventories and production

Oil markets dipped on Thursday, weighed down by rising U.S. crude inventories and production as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home. Brent crude futures, the international benchmark for oil prices,were at $56.13 a barrel at 0134 GMT, down 16 cents, or 0.3 percent, from their last close. U.S.…
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