|Day's Range||1.9360 - 1.9518|
Investing.com – WTI crude oil prices settled higher after data showed US domestic oil supplies fell for the first time in four weeks as exports surged to record highs.
Oil prices are under pressure and this becomes painfully visible in physical oil markets, where traders expect that the latest crash might not just be a blip
As OPEC watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be far from over. The warnings come not from the heavily traded futures market, but from less transparent trading activity in crude oil and products markets, where key U.S., European and Russian crude prices have fallen of late, suggesting less robust demand. Benchmark oil futures have plunged in recent days together with global stock markets due to concerns over inflation as well as renewed fears that rapid output increases from the United States will flood the market with more crude this year.
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Oil prices turn a bit higher on Tuesday as a report from the International Energy Agency forecast strong global crude demand this year, but raises concerns about growth in production from non-OPEC countries....
Prices for U.S. benchmark crude see a slight gain Monday, but settle near the session’s lows, as the government forecast a further rise in domestic shale-oil production.
Investing.com - Crude prices started the week in positive territory on Monday, as market players returned to the market to seek cheap bargains in wake of last week's steep declines.
Investing.com - Oil prices finished lower for a sixth straight session on Friday to tally their worst weekly loss in two years, as investors continued to fret over soaring U.S. output levels.
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Oil fell for a sixth straight session on Friday, with the U.S. benchmark settling below $60 a barrel for the first time in 2018, to notch its biggest weekly loss in more than a year.
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Investing.com - Crude oil futures extended losses on Thursday, as lingering concerns over rising production in the U.S. sent prices to their lowest levels in around five weeks.
U.S. crude stocks rose last week even though refineries hiked output, which also boosted gasoline and distillate inventories, the Energy Information Administration said on Wednesday. Refinery crude runs ...
Investing.com - Crude prices ticked higher on Thursday, drawing support from a report showing a sizable decline in U.S. stocks of gasoline and distillate supplies.
Investing.com - Crude oil prices were narrowly mixed in Asia on Thursday with the market cautious as supplies grow from production and temporary lower demand as spring refinery maintenance gathers pace.
Oil investors are bracing for data from the Energy Information Administration later, which could show a rise in U.S. oil stockpiles. Oil prices are facing a third-straight losing session.
Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell by 1.1 million barrels for the week ended Jan 19.
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Investing.com - Crude prices started the week in positive territory on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies in an effort to prop up the market would continue beyond 2018.
Investing.com - West Texas Intermediate oil pared losses in North American trade on Thursday in what was an initial reaction after data that showed that oil supplies in the U.S. registered a larger-than-expected inventory draw.
U.S. crude oil stocks fell for a ninth straight week, led by a record drawdown at the U.S. storage hub in Cushing, Oklahoma, the Energy Information Administration said on Thursday. Crude inventories fell ...
Investing.com - Crude prices were slightly lower in early dealings on Thursday, amid speculation weekly supply data due later in the day will show a sizable gain in U.S. gasoline and fuel supplies.
By Jessica Resnick-Ault NEW YORK (Reuters) - Oil was little changed on Thursday, as prices eased early in the session, but were supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub. The market remains wary that OPEC-led output cuts will trigger price hikes that will increase supply from the United States. U.S. crude inventories fell 6.9 million barrels last week, compared with forecasts for a 3.5 million-barrel draw, the U.S. Energy Information Administration said.