|Day's Range||1.8341 - 1.8387|
The federal government's EIA report revealed that crude inventories rose by 9.3 million barrels, compared to the 4 million barrels increase that energy analysts had expected.
Oceangoing freight ships will use cleaner fuel at the start of next year, leading to higher shipping costs that may force consumers to pay more for goods and to heat their homes.
Oil futures finish higher on Thursday, as U.S. and Turkey reached an agreement for a cease-fire in Syria easing tensions in the Middle East, and a tentative Brexit deal fueled a lift for assets perceived as risky. Prices shake off earlier losses on the back of a fifth straight weekly rise in U.S. crude supplies.
Oil futures on Wednesday register their first climb in three sessions, recouping much of the loss they suffered a day earlier, but worries over demand prospects remained, with prices holding onto a sizable week-to-date loss.
Oil futures fall Tuesday to post a loss for a second session in a row, as a lower economic growth forecast from the International Monetary Fund and a recent round of weak data out of China fuel worries over energy demand.
Oil futures lose around 2% on Monday, giving back much of their gains from last week, as China has reportedly asked for more talks with the U.S. before signing “phase one” of a trade deal that President Donald Trump announced on Friday.
Oil prices climb Friday to tally a gain of nearly 4% for the week as reported progress in U.S.-China trade negotiations eased worries about energy demand, and as news of an explosion on an Iranian tanker fed tensions in the Middle East.
Oil prices climb on Thursday, settling at their highest in more than a week, as traders focus on progress in the U.S.-China trade talks.
The federal government's EIA report revealed that crude inventories rose by 2.9 million barrels, compared to the 2.4 million barrels increase that energy analysts had expected.
The U.S. Energy Information Administration on Tuesday forecast that domestic households that use electricity or natural gas to heat their homes will likely "spend slightly less" this winter than they did last winter. Households that primarily use heating oil, common in the Northeast, will spend 4% less and those that use propane, which is more commonly used in the Midwest, will spend 16% less, the EIA said in its Today in Energy report, ahead of the Winter Fuels Outlook, which will be released later Tuesday. Natural-gas bill in the South, however, are likely to rise by about 4% due to "higher regional natural gas prices," the EIA said. On the New York Mercantile Exchange, November natural gas traded at $2.283 per million British thermal units, down 0.9%, while November heating oil fell 0.1% to $1.9013 a gallon.
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero Energy, Phillips 66 and Marathon Petroleum
Oil futures give up earlier gains on Monday to finish with a modest losses, pressured by prevailing worries over energy demand, despite a monthly drop in OPEC output.
Oil prices fall Wednesday, settling at their lowest in about two months, as downbeat U.S. economic data weighed on prospects for energy demand, and U.S. crude stockpiles registered a third straight weekly climb.
Crude-oil futures settle lower Tuesday as a reading of U.S. manufacturing activity at its lowest level in over a decade fed concerns over a slowdown in energy demand. Ecuador also announced its plan to leave OPEC, leading to expectations that it will add more oil to the world market.
Oil futures sink Monday, sending U.S. prices to their lowest settlement in a month, after reports that Saudi Aramco has fully restored production capacity that was lost to the crippling attacks on Saudi oil facilities earlier in September.
Oil futures finish lower Friday as a spate of news reports tied to Iran sanctions, a cease-fire between Saudi Arabia and Yemen, and the U.S. considering limits on investor portfolio flows into China pressured prices, contributing to a loss of nearly 4% for the week.
U.S. oil prices trim their losses on Thursday and global benchmark prices finished higher as the Pentagon announced that it would deploy equipment and personnel in support of Saudi Arabia following attacks on its oil facilities earlier this month.
The federal government's EIA report revealed that crude inventories rose by 2.4 million barrels, compared to the 190,000 barrels drawdown that energy analysts had expected.
Oil futures finish lower Wednesday as U.S. government data reveal a second weekly climb in domestic crude inventories and reports indicate Saudi Arabia continues to make rapid progress in restoring production after attacks on its facilities earlier this month.
Crude-oil futures end higher on Monday, finding support from growing tensions in the Middle East even as Saudi Arabia reportedly restores much of the output lost to attacks over a week ago that damaged its oil facilities.