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Oil Prices Bounce Higher, on Track for Solid Quarterly Gains
Oil futures rose Thursday, on track for solid quarterly gains as traders showed relief after official U.S. crude-inventory figures released the previous session showed a smaller rise in inventories than industry data had led them to fear.
Oil Heads for Quarterly Advance as OPEC+ Holds the Line on Cuts
Oil climbed to head for a solid quarterly gain on expectations OPEC+ supply cuts would tighten the global market.
Sector Update: Energy Stocks Advance in Wednesday Afternoon Trading
Energy stocks rose Wednesday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) both up 0.3%. The Philadelphia Oil Service Sector index increased 0.5%, and the Do
Ithaca Energy's Messaging at Odds After U.K. Asset Deal Talks With Eni -- Market Talk
1130 GMT - Ithaca Energy's words and actions are somewhat at odds with each other after it disclosed that it has a four-week exclusivity period with Italy's Eni over a possible merger of the Italian c
Oil Prices Pressured by Data Showing Large Rise in Crude Inventories
Oil futures were lower early Wednesday after industry data showed a large increase in U.S. crude inventories ahead of official figures due later in the day.
Ithaca Energy Enters Exclusive Talks for Combination With Eni's UK Assets
Ithaca Energy (ITH.L) commenced exclusive talks for a potential transformational combination with Eni's (ENI.MI) UK upstream assets. Eni granted exclusivity to Ithaca for four weeks from Wednesday, ac
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