Oil prices rebounded today settling slightly higher. Prices have been under pressure lately as the dollar continues to gain, rising today to a 10 month high. A tight labor market has prompted fears the Fed could continue to raise interest rates. “We have seen an incredible increase in the yields and the dollar and that’s raised concerns about demand going forward,” said Phil Flynn, an analyst at Price Futures Group. Saudi Arabia is expected to raise its November official selling price of Arab Light crude to Asia for a fifth straight month, according to a Reuters survey. Russia is setting no time frame for a fuel export ban it introduced last month, and which will remain in place as long as necessary to stabilize prices and address shortages on the domestic market, Interfax cited Deputy Prime Minister Alexander Novak as saying. WTI traded up $.41 to close $89.23. Brent traded up $.21 to close at $90.92.

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aar
  • Where: Renaissance Dallas Addison Hotel
  • Attending: David Cohen (954-729-4774), Cyndi Popov (403-402-5043), Brian Baker (239)297-4519
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mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
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opis
  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
  • Conference Website