Post Tagged with: "oil stocks"

Source: Oil Price

Oil stocks are showing a peculiar disconnect from crude prices

Oil Price


Oil stocks have continued to show a peculiar disconnect from the commodity they track, with oil equities staging a powerful rally even as oil prices have fallen sharply since the last OPEC meeting. Over the past two months, …

Source: Reuters

Western Canada oil stocks swell to record high due to Keystone outage, rail strike

Reuters


WINNIPEG, Manitoba – Western Canadian oil stocks climbed to a record high 39 million barrels as of Nov. 29 due to a temporary outage of the Keystone oil pipeline and a strike by Canadian National Railway Co workers, data …

Oil Jumps Up Near $60 on Biggest U.S. Stockpile Drop Since 2016 

Oil Jumps Up Near $60 on Biggest U.S. Stockpile Drop Since 2016 

From Bloomgerg 

Inventories declined 12.8 million barrels last week, EIA says 

Oil rose near $60 a barrel for the first time this month as a huge drop in U.S. crude inventories bolstered the outlook for demand. 

Futures in New York