Prices
![Prices](/cache/2016/10/PRICE-218.9971efc7.jpg)
2016, October, 6, 18:55:00
SAUDI'S DIFFICULT DECICIONS
If Nigeria and Libya restore production, the kingdom may need to cut twice as much. U.S. shale drillers also stand ready to fill any supply gap.
![Prices](/cache/2016/10/PRICE-217.0b8bf1cc.jpg)
2016, October, 5, 18:45:00
OIL PRICES: ABOVE $51
U.S. West Texas Intermediate (WTI) crude futures were trading at $49.22 per barrel at 0649 GMT, up 53 cents, or 1.1 percent, from their last settlement.
In international oil markets, benchmark Brent crude was trading at $51.38 per barrel, up 51 cents, or 1.0 percent.
![Prices](/cache/2016/10/RUSSIA-127.0ba8ba53.jpg)
2016, October, 4, 18:45:00
HEALTHY RUSSIAN OIL
Russian oil production continuing its slow climb for at least the next five years.
![Prices](/cache/2016/10/PRICE-210.4d1a0a0d.jpg)
2016, October, 3, 18:40:00
OIL PRICES: ABOVE $50
December Brent crude futures LCOc1 were last up 42 cents at $50.61 a barrel by 0913 GMT, off a session low of $49.74, while U.S. crude futures CLc1 rose 37 cents to $48.61 a barrel, above the day's low at $47.78.
![Prices](/cache/2016/09/OPEC-37.70b7bf3d.jpg)
2016, September, 29, 18:45:00
OPEC AGREED
"OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market," said Iranian Oil Minister Bijan Zanganeh, who had repeatedly clashed with Saudi Arabia during previous meetings.
![Prices](/cache/2016/09/PRICE-189.1cb6db9d.jpg)
2016, September, 28, 19:00:00
OIL PRICES: $46 STILL
The November contract for global crude benchmark Brent was up 0.78% at $46.33 while its U.S. counterpart West Texas Intermediate gained 0.58% to hit $44.94.
![Prices](/cache/2016/09/SAUDI-75.4e635eca.jpg)
2016, September, 28, 18:45:00
SAUDI NEEDS A GENTLE
“We need a gentle adjustment to reassure the market,” Mr. Falih said at a briefing where he was flanked by his Russian counterpart, Alexander Novak.
![Prices](/cache/2016/09/PRICE-176.f3fc6b38.jpg)
2016, September, 27, 18:45:00
OIL PRICES: OVER $46 AGAIN
U.S. West Texas Intermediate (WTI) crude had fallen 38 cents to $45.55 a barrel by 0103 GMT, after rising $1.45, or 3.3 percent, in the previous session.
Brent crude futures slipped 43 cents to $46.91 a barrel after closing up $1.46, or 3.2 percent.
![Prices](/cache/2016/09/PRICE-168.12c1d9fb.jpg)
2016, September, 26, 19:10:00
OIL PRICES: OVER $46
Brent crude futures LCOc1 rose 73 cents to $46.62 a barrel by 1052 GMT, having rallied from a session low of $45.74, while U.S. crude prices CLc1 rose 54 cents to $45.02 a barrel.
![Prices](/cache/2016/09/price-159.92f8634f.jpg)
2016, September, 23, 21:05:00
OIL PRICES: ABOVE $47 YET
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $45.81 per barrel at 0301 GMT (11:01 p.m. EDT), up 47 cents, or 1 percent, from their previous close. The contract had already gained as much as 3 percent the day before.
International benchmark Brent crude futures LCOc1 were also up, gaining 48 cents, or 1 percent, from their last close to $47.31 per barrel.
![Prices](/cache/2016/09/PRICE-152.4557bee7.jpg)
2016, September, 22, 18:45:00
OIL PRICES: ABOVE $47 AGAIN
U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $45.81 per barrel at 0301 GMT (11:01 p.m. EDT), up 47 cents, or 1 percent, from their previous close. The contract had already gained as much as 3 percent the day before.
International benchmark Brent crude futures LCOc1 were also up, gaining 48 cents, or 1 percent, from their last close to $47.31 per barrel.
![Prices](/cache/2016/09/PRICE-144.ea81d89e.jpg)
2016, September, 21, 19:05:00
OIL PRICES: ABOVE $46 YET
U.S. West Texas Intermediate (WTI) crude futures were up 1.8 percent, or 81 cents, at $44.86 a barrel at 0403 GMT. The October contract expired yesterday at $43.44 a barrel and the front-month has now rolled over to November delivery.
International Brent crude futures were at $46.47 per barrel, up 59 cents, or 1.3 percent, from their last close.
![Prices](/cache/2016/09/LIBYA-7.667fee02.jpg)
2016, September, 19, 19:05:00
OIL PRICES: STILL ABOVE $46
Brent crude futures were at $46.54 per barrel at 0645 GMT (02:45 a.m. EDT), up 77 cents, or 1.7 percent, from their previous settlement. U.S. crude was up 78 cents, or 1.8 percent, at $43.81 a barrel.
![Prices](/cache/2016/09/PRICE-137.af573053.jpg)
2016, September, 19, 18:55:00
PRICES MAY JUMP
Prices may jump more than 35 percent from current levels as they start to reflect the risk of a supply squeeze, according to Citigroup Inc. and trader Gunvor Group.
![Prices](/cache/2016/09/PRICE-136.f01d16af.jpg)
2016, September, 19, 18:30:00
HIGH RISK FOREVER
“We see 2017-2020 as still having the potential for much higher prices. After 2020, there is a high risk that electric vehicle penetration will change the oil market forever.”