LONDON (Reuters) - Oil edged lower on Wednesday, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Supplier cutbacks, steady demand growth, geopolitical ... ... lees verder

Statoil ASA's STO first-quarter net profit grew as the Norwegian oil-and-gas major benefited from a rise in both oil and gas prices, as well as higher production, it said Wednesday. However, the 21% jump in net profit to $1.29 billion was shy of the $1.48 ... ... lees verder

SINGAPORE (Reuters) - Oil prices on Wednesday fell back from more than three-year highs reached the previous session as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Brent crude oil futures LCOc1 were at $73.74 per ... ... lees verder

The world’s biggest oilfield service companies have a message for investors: There’s a payoff for patience. While first-quarter earnings were less than exciting, Schlumberger Ltd., the largest service provider, said it plans to profitably add about 1 ... ... lees verder

Oil prices fell to session lows after President Donald Trump said the United States France could reach an agreement to preserve the Iran nuclear deal "fairly quickly." Brent crude earlier rose above $75 a barrel on Tuesday to its highest since November 2014. ... lees verder

Oil prices hit $75 on Tuesday, the highest level in nearly three and a half years, as fears mounted over the prospect of new US sanctions on Iran. Brent crude jumped for the sixth consecutive day, trading as high as $75.27 before falling back slightly. ... lees verder

SINGAPORE (Reuters) - Brent crude oil rose for a sixth day on Tuesday to hit its highest since November, 2014 at over $75 a barrel, buoyed by expectations that supplies will tighten just as demand reaches record levels. Brent crude futures LCOc1 marked $75 ... ... lees verder

The oil price behavior sets the next price target near $76 and potentially higher. This is not an erratic breakout trend driven by reactions to global risk factors. This is a steady, sustainable uptrend breakout. The NYMEX oil price breakout above $66 ... ... lees verder