U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

Diamondback's Letter to Stockholders is always a fascinating read. The success of the company has been amazing to watch over the years, from a 3,000 BOE/d producer with a $500 MM valuation in 2012 to a company that just produced 850,

Two big American shale producers said they would cut capital expenditure on Monday in response to sliding oil prices, prompting industry warnings that US production had peaked and could begin falling.