Oil Prices Resume Volatility as Shale Boom Winds Down

The Wall Street Journal reported that as the shale boom plateaus and demand for crude oil increases, supply worries are increasing.

U.S. Crude Oil Prices Rise to Three-Year High

The Wall Street Journal reported that U.S. crude oil prices have climbed to more than $70 a barrel as suppliers have capped production and stockpiles shrink.

Bloomberg: Fund Manager Bullish on Oil Price Increase

Bloomberg reported that fund manager Franklin Templeton Investments has a bullish outlook on rising crude prices and is buying shares of independent oil production and exploration companies.

Fitch: Fallout from Oil Prices Emerging for U.S. Banks

According to a Fitch Ratings report, Q4/15 results for U.S. banks showed generally lower net income affected by market volatility, interest rate uncertainty and pressures in oil and gas.

Bloomberg: Crude Falls Below $30 a Barrel First Time in 12 Years

Bloomberg reported oil dropped below $30 a barrel in New York for the first time in 12 years on concerns that turmoil in China’s markets will curb fuel demand.

Dollar Strength Could Drive Oil to $20 a Barrel

In a Bloomberg report, Morgan Stanley said that continued appreciation of the U.S. dollar could push Brent oil prices to as low as $20 a barrel.

Bloomberg: Oil Speculators Buying Contracts That Payout At $15 a Barrel

Bloomberg reported oil speculators are buying options contracts that will only payout if crude drops to a low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices.

Bloomberg: Oil Approaching $40 Deepens Investor Pessimism on Recovery

Bloomberg reported that hedge funds have turned more pessimistic on oil as prices flirted with $40 a barrel for the first time since August.

Bloomberg: Crude Oil Prices Languish Near Six-Year Low

Bloomberg reported the $60 billion of oil industry spending cuts this year won’t be enough as crude oil prices languish near a six-year low.

Oil prices jump as BP cuts capital expenditure

Oil futures reportedly rose Tuesday, adding to gains of more than 11% in the prior two sessions as BP announced a cut in capital expenditure for 2015.