Fears of U.S. Shale Oil Increase Push Oil Down

Fears of enhanced production by U.S. shale producers, hoping to cash-in on recent increases in the price of crude have pushed the commodity lower, as concerns rise regarding the potential for significant market-saturation once more. Prices of the commodity had soared in the wake of the signing of the OPEC deal designed to reduce oil-market-saturation, …

Oil Continues Fall on Fears of OPEC Deal Failure

Brent crude, the global oil benchmark slid by 1.29% at 13:30 EST on sustained fears of a potential collapse of the OPEC oil deal signed last November. The deal in which, via the incorporation of non-OPEC members, primarily Russia, and constituent nations of the cartel, most notably Saudi Arabia - the largest oil producer  of …

Oil Makes Moderate Recovery After Sharp Fall on Global Production Concerns

The price of WTI and Brent crude oils has made a moderate recovery since bottoming-out during midday trading as analysts question the bullish notion maintained since the OPEC production cut ironed out in the production deal signed last November. Oil nosedived this morning on news Iran and Iraq may not be reducing their oil production …

Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Despite optimism experienced in previous trading sessions regarding the OPEC supply cuts ironed out in the November oil production deal last year, fears of a U.S. shale production increase combined with an apparent rise is scepticism regarding OPEC's capacity to maintain the promised production cuts have pushed oil lower. Brent crude oil, the global benchmark had …