Sentences with phrase «higher future oil»

The long - term future of the global auto industry is in high - efficiency vehicles, due to the likelihood of higher future oil prices and a worldwide push to reduce vehicle emissions.

Not exact matches

Brent crude oil futures were last up 12 cents at $ 73.98 a barrel at 0937 GMT, some 2 percent below the November - 2014 high of $ 75.47 reached on Tuesday.

Steven Cook, senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, said higher oil prices lessen all the worries from 2015 and 2016 about the Saudi government's ability to maintain its commitments, but the consolidation of power in the hands of the Crown Prince also is significant for the market and investors as his reform program is widely regarded as critical for Saudi Arabia's future prosperity.

Brent crude oil futures were down 14 cents at $ 73.72 a barrel at 1128 GMT, some 2 percent below the November 2014 high of $ 75.47 reached on Tuesday.

The price of oil could then spike in the future if the lower oil production meets higher than expected demand.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

U.S. stock index futures pointed to a higher open on Monday morning as traders digest news of an extension of an agreement to freeze oil output.

Oil prices were steady on Thursday following a larger - than - expected increase in U.S. crude inventories: U.S. crude futures were higher by 0.04 percent at $ 67.96 per barrel and Brent crude futures for July delivery were flat at $ 73.36.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

If the oil traders are right, they can make money by buying oil at today's spot price, selling a futures contract for delivery at the higher price expected in the future and storing the oil in the meantime.

Sinclair attributes the higher prices to a combination of factors including «the effects of the production cutbacks by OPEC and non-OPEC foreign producers finally kicked in, not to mention speculative money going into crude oil futures.»

West Texas Intermediate (WTI) oil futures for April delivery traded 6 cents higher near $ 61.25 a barrel as of 11:05 a.m., ET, after settling up 23 cents on Thursday.

This means that current oil prices are higher than prices for crude deliveries in the future.

It also helps to empty stockpiles by encouraging traders to sell oil immediately, instead of storing it to take advantage of higher prices in the future.

In the past it was used to ship imported oil west into Ontario; in the future, it will likely ship prairie oil east into Quebec refineries hobbled at having to pay the higher Brent price for oil.

The Futures Now team discusses how high oil can go, with Brian Stutland, Equity Armor Investments, and Jim Iuorio, TJM Institutional Services.

The oil market remains in what's known as contango — with the future price of crude trading at a higher level than today's spot price.

U.S. crude oil futures for March delivery hit a high of $ 66.66 last week, their highest since Dec. 5, 2014.

CNBC's Jackie DeAngelis discusses crude oil breaking above its high with the «Futures Now» traders.

The Futures Now team discusses what's taking oil prices higher, with Scott Nations, NationsShares CIO, and Brian Stutland, Equity Armor CIO.

Oil prices eased from recent highs with Brent crude futures off 94 cents at $ 73.70 a barrel, while U.S. crude lost 67 cents to $ 67.43.

The longer that the low oil prices last, the longer that very high prices will persist in future years due to the extreme drop in spending on current exploration.

This month, Brent crude oil futures climbed above $ 74 a barrel, reaching highs last seen in late 2014 — a welcome development for oil producers.

Oil prices rose on a drop in supply of 1.1 million barrels, with West Texas Intermediate futures jumping to $ 68.47 per barrel, a three - year high.

The research organization Oil Change International and other research organizations have concluded that, because of this high GHG emission feature, in order to meet our Paris Accord commitment (and save a habitable planet for future generations) 80 % of the Tar Sands must «stay in the ground».

«$ 50 a barrel is still a pretty critical number and that number is going to be even more critical as we move into next year,» Tortoise Capital Advisors» Thummel told Bloomberg, noting that the lower oil prices could mean that companies would not hedge production as much as they would at higher prices to protect future output.

Contango, a market situation in which the spot prices are lower than future prices, encourages traders to store crude oil and profit from selling it at prices higher than the spot market.

His excuse was that rapidly falling oil prices were creating an unusual high degree of uncertainty for budget planning and that he needed more time to assess the future course of oil prices and their impact on the economy.

Oil prices inched higher with Brent crude futures up 3 cents to $ 73.38 a barrel, while U.S. crude added 10 cent to $ 68.04.

West Texas Intermediate crude oil futures have surged to a one - month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months as well as news that a key pipeline will begin service at the start of the year, relieving the glut of oil in the middle part of the...

Crude - oil futures fell sharply in London trade Monday as the euro - zone bailout for Cyprus» embattled financial sector sent shivers through the market and pushed the dollar higher.

The reason that every man and his dog was not eager to do this trade is that the cost of storing oil is now so high that even a contango that represents a potential 40 % annualised return on a physical - futures arbitrage is not very profitable.

WTI crude oil futures have traded lower in the prior three days following the pullback on the fresh three - year high of 64.80.

Crude oil futures in the June contract settled last Friday in New York at 67.33 a barrel while currently trading at 68.35 up about a $ 1 for the trading week hitting a 3 1/2 year high & in yesterdays trade prices went up as high as 69.55 before profit - taking ensued.

Overly optimistic projections of future oil supply, which are much higher than the latest NEB projections and don't consider the Alberta government's cap on oil sands emissions imposed by its Climate Leadership Plan.

West Texas Intermediate oil futures jumped 1.6 percent to a six - week high of $ 47.12 per barrel.

Investors may be so concerned about higher prices in the future that they're willing to pay $ 102 per barrel now for a contract that promises to deliver oil one month from today.

Commodity markets saw mixed results this week, with oil futures easing off yearly highs.

With oil futures prices rising — in expectation of decreased production, therefore presumably increasing prices — the cycle between low and high oil prices gets closer to a theoretical if unachievable equilibrium.

Crude oil futures settled higher on Monday but pared some gains heading into settlement despite the growing prospect of new U.S. sanctions against Iran.

Just for future reference though, Extra Virgin Olive Oil, when heated to a high temperature in a pan, such as when making pancakes, causes the protein structure to change and that good, olive - y fat becomes a saturated fat!

He said although the era of high oil prices might not be here now, the petroleum industry remained critical to the nation's economy now and in the future.

The Corvettes were in near - stock trim, with larger gas tanks, quick - fill gas caps, magnesium wheels, oil coolers, driving lights, racing seats and heavy - duty suspension components among their limited modifications — an expression of Duntov's philosophy of using racing to develop high - performance components for future production vehicles.

The cars were in near - stock trim, with larger gas tanks, quick - fill gas caps, magnesium wheels, oil coolers, driving lights, racing seats and heavy - duty suspension components among their limited modifications — an expression of Duntov's philosophy of using racing to develop high - performance components for future production vehicles.

The energy and materials sectors have been the sore spot for the high yield market, given the anxiety over credit quality, as current low prices in oil and commodities, along with a Fed increase in rates, may be a cause for concern for future earnings and the cost of capital.

In a decade plagued with high inventory, this has cost crude oil futures investors an additional 48 % beyond the -37 % lost in the spot market.

With economic growing steadily, market in a RISK on mode, oil price going higher, this bull market could head north for another 4 - 5 years taking into account any possible flash to reach ~ 90000 YES, ming - boggling number ~ 90000 before market collapse half Almost everyone says that it is IMPOSSIBLE to predict the future price.

The Nymex crude oil futures bears had a good day Wednesday by scoring a bearish «outside day» down on the daily bar chart — whereby the daily high was higher and low was lower than the previous session's trading range.

Hot Market Report: Crude Oil Futures Attempting to Break Higher 3.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.