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Investing.com - Crude prices continued to track higher on Wednesday, amid speculation weekly supply data due later in the day will show a big drawdown in U.S. oil supplies.
Oil futures see muted action Tuesday, tilting higher by the finish ahead of weekly data on U.S. petroleum supplies.
Investing.com - Oil prices edged higher on Tuesday, as investors looked ahead to fresh data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer and how fast output levels will continue to rise.
Oil prices give up some of last week’s strong gains as traders take in news of weekend airstrike attacks on Syria.
Investing.com - Crude prices sank lower on Monday as increasing shale production and an apparent lull in Middle East tensions convinced traders to take profits after strong weekly gains.
Investing.com - Crude oil prices settled sharply higher as concerns over a massive build in crude stockpiles were offset by rising geopolitical tensions in the Middle East and expectations of U.S. military intervention in Syria.
U.S. crude stocks fell unexpectedly last week as refineries hiked output, the Energy Information Administration said on Wednesday. Crude inventories fell by 4.6 million barrels in the last week, compared ...
Investing.com - Oil prices edged higher on Thursday, as the prospect of an extension to OPEC-led production cuts into next year provided support.
U.S. crude oil stockpiles rose unexpectedly last week as imports soared, while gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday. Crude ...
Investing.com - Crude prices mostly higher on Tuesday, although West Texas Intermediate struggled around the unchanged mark, as investors looked ahead to weekly data from the U.S. on stockpiles of crude and refined products to gauge the strength of demand in the world’s largest energy consumer.
Investing.com - Oil prices turned lower on Monday, retreating from their best level in two months, as rising drilling activity in the United States pointed to further increases in shale output, underlining concerns about a return of oversupply.
___ Stocks tumble on trade fears; S&P has worst week in 2 years Global stocks sink as fears about trade conflict between the U.S. and China send the S&P 500 to its worst week in two years. Technology companies ...
Crude oil prices moved higher on Friday, as strong export demand continues to drive demand for crude oil. The increase comes despite a report from oil service giant Baker Hughes that active rig counts increased in the latest week. Production in the United States continues to rise, but the increase is easily offset by the decline in imports.
Investing.com – WTI crude oil prices settled higher as data showing an unexpected draw in crude supplies, snapping a three-week streak of rising crude stockpiles, offset a continued rise in domestic production.
By Stephanie Kelly NEW YORK (Reuters) - Oil prices climbed to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped ...
Investing.com - After a brief initial reaction to the downside, West Texas Intermediate oil managed to rebound and head higher in North American trade on Wednesday, after data showing that oil supplies in the U.S. registered a larger-than-expected inventory build, while gas and distillate stockpiles both fell more than forecast.
U.S. crude stocks rose less than expected last week while inventories at the key Cushing, Oklahoma storage hub fell for an 11th straight week, according to data released by the Energy Information Administration ...
Oil prices fell for a third day on Thursday, dropping towards $64 a barrel as rising U.S. inventories, record output and a stronger dollar outweighed high OPEC compliance with its supply-cutting deal. A U.S. government report on Wednesday showed a larger-than-expected increase in U.S. crude inventories and a rise in gasoline stocks. The rise in U.S. output in recent weeks has been overshadowing supply curbs by other producers, led by the Organization of the Petroleum Exporting Countries and Russia.
Royal Dutch Shell (RDS.A) cautioned that lack of investment in new projects will lead to a shortage of the super-chilled fuel by mid-2020s.
U.S. crude stocks rose last week even as refineries hiked output, while gasoline inventories posted a surprisingly large increase, the Energy Information Administration said on Wednesday. Crude inventories rose by 3 million barrels in the week to Feb. 23, compared with expectations for an increase of 2.1 million barrels. "Clearly the market is being led down by gasoline where inventories have continued to rise over the last several months to the point that they are within 2 percent of last year's extraordinarily high inventories," said Andrew Lipow, president at Lipow Oil Associates in Houston.