NEW YORK—U.S. crude exports are ramping up due to increasing demand from Asia and Europe and recovering U.S. production from the lows of the coronavirus pandemic. Surging worldwide demand, supply outages, and international political tension have stoked worries around crude supplies, boosting oil prices to the highest levels in seven years, with some predicting crude…
Oil Slips to $78 as Sources Say OPEC+ Weighs Further Output Hike
October 1, 2021
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LONDON—Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meet on Monday. Four…
Oil Shares Lead Charge as Crude Hits New 3-Year Highs
September 27, 2021
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LONDON—World shares rose on Monday, led by sharp gains in energy shares as crude oil prices soared to three-year highs of almost $80 a barrel while European stocks firmed after Germany’s election results ruled out chances of a purely left-wing coalition. Stock markets benefited too from an ostensible easing in Sino–U.S. tensions and Chinese authorities’…
Wall Street Gains as Crude Price Surge, Strong Economic Data Prompt Broad Rally
September 16, 2021
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NEW YORK—U.S. stocks closed higher on Wednesday as rising crude prices boosted energy shares and a swath of positive U.S. data suggested inflation has crested and the economic recovery remains robust, boosting investor sentiment. All three major U.S. stock indexes gathered strength as the session progressed, with economically sensitive cyclicals, smallcaps and transportation stocks leading…
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