Oil's streak of gains hits 5 sessions in row as US crude output falls – MarketWatch


MarketWatch
Oil’s streak of gains hits 5 sessions in row as US crude output falls
MarketWatch
Oil prices settled higher Wednesday, lifting their tally of consecutive gains to five, as U.S. government data revealed a sizable weekly decline in domestic crude production, although an unexpected rise in supplies kept gains in check. Some analysts
Oil pulls back on preliminary data showing surprise jump in US stockpilesCNBC
Is A Big Move In Oil Prices Due?OilPrice.com
OPEC should let oil prices rebalance the market: KempReuters
Wall Street Journal (subscription) –The Star Online –DailyFX –ETEnergyworld.com
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Oil Prices Inch Higher As OPEC Exports To US Crude Fall – OilPrice.com


Reuters
Oil Prices Inch Higher As OPEC Exports To US Crude Fall
OilPrice.com
Earlier in the week we discussed how lower Saudi export loadings in April are translating into lower arrivals on U.S. shores this month. This has prompted some to ask whether Iraq has stepped up to fill this supply gap. Although we have seen Iraqi
Despite weak oil prices, OPEC still pockets more dollarsReuters
Deep Water Drillers Are Doomed Even If Oil Prices Surge …Seeking Alpha
Oil Price Analysis for June 28, 2017FX Empire
mySanAntonio.com
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Tullow Oil takes $600m hit from lower crude price – Financial Times


Financial Times
Tullow Oil takes $600m hit from lower crude price
Financial Times
The recent weakness in crude prices is taking its toll on exploration and production companies, as Tullow Oil, the Africa-focused group, warned it would book a $600m impairment in its half-year results to reflect reduced oil price forecasts. Analysts
Tullow cuts debt, raises profit under new CEO but weak oil prices weighReuters
Tullow Oil is set to book a $600m impairment charge as low oil prices haunt the sectorCity A.M.
Tullow toasts debt reduction but warns against low oil pricesInternational Business Times UK

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Technology Companies Fall Sharply, Leading US Indexes Lower – U.S. News & World Report


U.S. News & World Report
Technology Companies Fall Sharply, Leading US Indexes Lower
U.S. News & World Report
Oil prices rose for the fourth straight day. Late-afternoon developments in Washington helped put investors in a selling mood. Republican leaders in the Senate decided to delay a vote on a health care overhaul bill until after the July 4 recess. “The

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Rosneft finds first oil field offshore eastern Arctic – WorldOil (subscription)


Realnoe vremya
Rosneft finds first oil field offshore eastern Arctic
WorldOil (subscription)
MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite Western
Russia finds new oil field in ArcticRealnoe vremya
Russia’s Rosneft says hit by cyber attack, oil production unaffectedReuters
Russia focused on Arctic oil developmentsUPI.com
The Economic Times –The Economic Times –The Economic Times –Times of India
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Oil pulls back on preliminary data showing surprise jump in US stockpiles – CNBC


CNBC
Oil pulls back on preliminary data showing surprise jump in US stockpiles
CNBC
Oil prices surged 2 percent as traders covered bets that oil prices will fall further and the market anticipated a drop in U.S. crude inventories. Analysts and traders told CNBC oil’s plunge to the low $40 range has made traders less likely to take out
String Of Downgrades Creates Buying Opportunity For Oil StocksOilPrice.com
Crude Oil Price Forecast: WTI Bounces From Technical Danger ZoneDailyFX
Oil prices drop as rising US fuel stocks revive glut concernsBusiness Insider
Financial Times –FX Empire –Economic Calendar –ETEnergyworld.com
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Oil prices may have finally hit bottom now that bullish hedge funds have thrown in the towel – CNBC


CNBC
Oil prices may have finally hit bottom now that bullish hedge funds have thrown in the towel
CNBC
The ratio of bullish to bearish bets on oil has narrowed to about 2-to-1, down from roughly 12-to-1 in February. Contrarian investors believe that will make it harder for oil bears to push down oil prices much further and could help put in a bottom for

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Shale Rebound Runs Out Of Steam At $40 Oil – OilPrice.com


Reuters
Shale Rebound Runs Out Of Steam At $40 Oil
OilPrice.com
The IEA recently predicted that U.S. shale would grow by at least 430,000 bpd this year, plus another 780,000 bpd in 2018. But those heady growth projections are in doubt with oil prices plunging to their lowest levels in ten months. In fact, lower oil
Shale producers say spending ‘flexibility’ key as oil prices drop …Reuters

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Some businesses still down as oilfield recovers. That's how they prefer it. – Houston Chronicle


Houston Chronicle
Some businesses still down as oilfield recovers. That’s how they prefer it.
Houston Chronicle
As you may have read in Sunday’s paper, Houston’s economy has pulled through the oil bust not too much the worse for wear, with the manufacturing and oilfield services industries finally starting to hire more people than they’re laying off. But one

S&P 500, Dow edge up; tech weighs on Nasdaq – Reuters


Reuters
S&P 500, Dow edge up; tech weighs on Nasdaq
Reuters
The S&P energy .SPNY ended 0.2 percent lower as gains in oil prices were limited by rising crude supply in the United States and other countries. A recent drop in oil prices has spurred concerns about low inflation, which remains below the Federal
Dow halts 4-session skid, but Nasdaq slumps as technology stocks stumbleMarketWatch
Wall St. pares gains as recovery in tech, oil pausesNew York Daily News
Dow ekes out gain, closes higher as bank stocks offset tech lossesCNBC
Nasdaq –TheStreet.com –BBC
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