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North Dakota’s oil boomtowns are facing an uncertain future — here’s what it’s like to live there

The discovery of oil in northwestern North Dakota turned several small towns into unexpected boomtowns from 2006 to 2014. But the end of the boom spelled economic disaster for many of the new residents in towns such as Williston and Watford City.
Roughneck Brian Waldner is covered in mud and oil while wrestling pipe on a True Company oil drilling rig outside Watford, North Dakota.

Oil falls after US crude inventories unexpectedly rise

Oil fell Wednesday after the Energy Information Administration reported an unexpected increase in US crude inventories.

The US reportedly wants OPEC to pump out 1 million more barrels of oil a day

US officials have reportedly asked Saudi Arabia and other supply-cutting countries to raise output by about a million barrels per day.
Oilfield pumping units of PetroChina Daqing Oilfield Company Limited at Daqing, northeast China's Heilongjiang province.

Oil slides amid ‘lack of clarity’ on OPEC and record US production

Oil fell Friday morning as markets mulled the future of OPEC supply cuts, as well as rising crude production and falling stockpiles in the US.
Saudi Arabia's Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, November 30, 2017.

Oil is getting whacked after report says OPEC might boost production

Oil prices dropped more than 2% early Friday after reports that OPEC and other supply-cutting countries led by Russia will begin easing output caps.
Central Intelligence Agency (CIA) Director Mike Pompeo testifies during a Senate Intelligence Committee hearing on "Worldwide Threats" on Capitol Hill in Washington, U.S., February 13, 2018.

Crude spikes as US ratchets up sanctions on key oil countries

Crude prices rose Tuesday morning after the US toughened its stance on Iran and Venezuela, key oil producers and members of OPEC.
Ryanair boss Michael O'Leary

Small airlines face a brutal reckoning as oil prices surge, according to the CEO of Europe’s biggest budget carrier

Airlines are constantly battling with the price of fuel. Airlines hedge their fuel costs, locking in prices far ahead of time to try and mitigate the possibility for rising oil prices in future.
Oil poked its head above $80 on Thursday.

Oil briefly hit $80 for the first time since 2014

Around 10.45 a.m. BST (5.45 a.m. ET) on Thursday Brent reached a daily high of $80.12 per barrel, marking the first time since November 2014 it has passed above that mark.
Jeremy Beck works on a drilling as he and a crew from George Mitchell Drilling search for oil for Houston, Texas based Vintage Exploration in a corn field October 9, 2004 near Okawville, Illinois. High oil prices and low finding cost in the region which has relatively shallow wells help drive exploration in the farm belt where an average well produces 40-50 barrels-a-day over a 15-20 year life span. Vintage Exploration, which has about 20 producing wells, is one of many small oil companies operating in the region.

Oil rallies to fresh 3-year high

Oil prices rose to fresh multi-year highs on Tuesday morning after OPEC said it cuts supply more than expected and as markets poised for sanctions on Iran.

Oil surges to a fresh high as Middle East tensions spark violence

​"President Trump’s unilateral plans to tighten sanctions against Iran and pull out of the JCPOA agreement could see Iranian oil production and exports fall sharply," Dan Smith of Oxford Economics said on Wednesday evening.