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Oil and Commodities

15 November 10:25 PM Oil futures settle 94 cents higher on Friday
​​​​​​​Mubasher: Oil futures grew at Friday’s settlement, adding 0.8% for the week. 
15 November 12:52 PM OPEC, allies could face tough competition in 2020–IEA
Mubasher: The Organization of the Petroleum Exporting Countries (OPEC) and allied producers would be in the face of fierce competition next year.
15 November 10:49 AM Oil rises amid hopes for OPEC supply restraints, US-China deal
Mubasher: Oil rose as prospects of further supply cuts were raised on the back of the Organization of the Petroleum Exporting Countries' demand outlook.
14 November 07:04 PM US oil inventories climb as futures surge
Mubasher: US crude oil stockpiles climbed by 2.2 million barrels to 449 million barrels in the week ended 8 November.
14 November 06:32 PM US natural gas storage edges up as futures soar
Mubasher: US natural gas storage edged up by 3 billion cubic feet (Bcf) in the week ended 8 November, to a total of 3,732 Bcf.
14 November 06:13 PM OPEC projects smaller oil market surplus in 2020
Mubasher: The Organization of the Petroleum Exporting Countries on Thursday said that oil markets would see a smaller surplus next year.
14 November 05:30 PM OPEC ramps up oil production in October
Mubasher: Oil output from member states of the Organization of the Petroleum Exporting Countries (OPEC) climbed last October, led by increases from Saudi Arabia, the
14 November 11:55 AM Oil climbs on surprise US stockpile drawdown
Mubasher: Oil prices advanced on Thursday as industry figures pointed to an unexpected drawdown in the US crude stockpiles.
13 November 10:46 AM Oil falls on dimmer prospects of US-Sino trade deal
Mubasher: Oil prices fell on Wednesday as President Donald Trump's speech offered scant details on the long-awaited trade deal between the US and China.
12 November 10:54 AM Oil advances amid anticipation for Trump’s speech
Mubasher: Oil rose as markets hoped US President Donald Trump may point to progress on the trade negotiations with Beijing.
11 November 04:05 PM OPEC+ allies could extend oil supply cuts–Oman’s oil minister
Mubasher: The Organization of the Petroleum Exporting Countries and other producers could probably roll over its production cuts.
11 November 09:53 AM Oil falls on jitters over US-Sino trade talks, supply glut
Mubasher: Oil prices dropped on Monday, amid fears regarding the possibility of a trade pact between the US and China and the US.
8 November 10:54 PM Oil futures settle slightly higher on Friday
​​​​​​​Mubasher: Oil futures increased at Friday’s settlement, rising 1.9% for the week. 
8 November 12:30 PM Oil drops as doubts mount US-Sino trade deal
Mubasher: Oil prices fell on Friday amid uncertainty pertaining to the chances and time of the long-awaited deal between the US and China.
7 November 06:47 PM US natural gas investors level up; Futures decline
​​​​​​​Mubasher: US natural gas storage increased by 34 billion cubic feet (Bcf) in the week ended 1 November, to a total of 3,729 Bcf.
7 November 09:57 AM Oil treads water on surging US crude stockpiles, trade uncertainty
Mubasher: Oil prices were afloat on Thursday as markets were edgy amid worries over a potential delay to a partial US-China trade deal.
6 November 06:46 PM US oil stockpiles surge as futures rise
Mubasher: US crude oil inventories grew by 7.9 million barrels to 446.8 million barrels in the week ended 1 November.
6 November 09:33 AM Oil dips on larger-than-expected US crude inventory surge
Mubasher: Oil prices dropped on Wednesday, dragged down by a bigger-than-anticipated buildup in US crude inventories, snapping three consecutive sessions of gains.
5 November 04:05 PM OPEC expects oil market share to diminish; cuts demand outlook
Mubasher: The Organization of the Petroleum Exporting Countries projected that it will supply a shrinking amount of oil over the coming five years.
5 November 10:16 AM Oil rises on US-Sino trade hopes, before US inventory report
Mubasher: Market participants were awaiting industry figures on US crude inventories due later in the day, while positive economic data and trade optimism lent support.
4 November 10:42 AM Oil falls on profit booking ahead of economic data
Mubasher: Oil prices retreated on Monday as traders locked in profit before new data from the European Union and the US.
1 November 10:46 PM Oil futures rise over $2 at Friday’s settlement
Mubasher: Oil futures settled higher on Friday, losing 0.9% for the week.  
1 November 11:30 AM Oil heads for weekly loss on growing output, demand fears
Mubasher: Oil prices were on track to record weekly losses of around 4%, as global supply was growing, while uncertainty hanged over demand outlook.
31 October 05:35 PM US natural gas stockpiles rise as futures fall
Mubasher: US natural gas storage jumped by 89 billion cubic feet (Bcf) in the week ended 25 October, to a total of 3,695 Bcf.
31 October 11:03 AM Oil prices climb as investors bank on China economic stimulus
Mubasher: Oil rose on Thursday as investors were counting on further economic stimulus by China following soft data, partially paring losses in the preceding session.