OPEC

After Brent crude oil pushed through the psychological level of $80 per barrel early Thursday, there are once again whispers of $100 oil. Does this rally have further to run? Can oil hit $100? With the price now 2.5 times higher than at from the nadir in 2016, the steady recovery in the price of...

The energy sector has been on a tear in the second quarter. The Energy Select Sector SPDR (NYSE: XLE), the largest energy exchange-traded fund by assets, is higher by 17 percent so far in the quarter while the S&P 500 is about 5.3 percent. Oil's move to multi-year highs and the resurgence...

President Donald Trump’s tweets are once again moving financial markets, only this time it’s oil taking a hit. What Happened On Friday morning, Trump tweeted that OPEC has driven oil prices “artificially very high,” a move that “will not be accepted.” Looks...

Oil prices have been erasing the gains from last week, as weekly U.S. shale production witnessed a sharp increase. Moreover, weakness in the financial markets owing to trade fears and the tech sector's headwinds are exerting pressure on oil prices as investors became more risk averse. OPEC'...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 39 years ago, OPEC raised the price of crude oil by 9 percent from $13.34 to $14.55. Where The Market Was The Dow finished the day at 854.82. The S&P 500 finished...

After OPEC's agreement to extend crude oil production cuts throughout 2018, oil prices may soon get yet another boost if the U.S. applies sanctions on Venezuela in response to President Nicolas Maduro’s calls for a snap election. The U.S. will likely seek to delay the Venezuelan election...

On Feb 1, 2018, Goldman Sachs predicted that the average price of Brent crude would cross $80 a barrel in 2018. The investment bank backed this claim with the assumption that U.S. producers would not be able to meet rising global demand for oil. Further, OPEC and Russia's deal on production...

The year 2017 was a strong one in financial markets, as assets across categories made handsome gains. The standout performer, though, was an asset that's been treated with some skepticism among the investing community. Bitcoin added 1,328 percent in 2017, and there were other...

Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On this day 44 years ago, OPEC announced it would be unilaterally raising the price of crude oil from $5.12 per barrel to $7 per barrel. Where Was The Market? The S&P 500...

This article originally appeared on Nadex.com. By Bob Iaccino On November 27th we put out a piece that ended with "rig counts are starting to turn and US production will continue rising. If the market does not get what it wants on November 30th, look about below for the price of WTI crude oil...