Post Tagged with: "US Crude Inventories"

Source: Reuters

Oil prices slump on rising U.S. crude inventories

World Oil

SINGAPORE (Bloomberg) –Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated.

Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so far this week. The American Petroleum …

Source: Reuters

Oil dips after surge in U.S. crude inventories


NEW YORK – Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month’s Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery.…

Source: Reuters

Oil rallies past eight-month high on U.S. crude inventory drop, vaccine hopes


NEW YORK – Oil prices climbed to the highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost …

Source: Reuters

Oil prices set for worst daily drop since April on inventories, bearish Fed


LONDON – Oil prices slumped on Thursday, dragged down by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year.

Brent crude LCOc1 futures erased Wednesday’s …

Source: Reuters

Oil falls 4% towards $28 on oversupply concerns


LONDON – Oil fell by more than 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a lack of coordinated oil purchases for strategic storage.

The …


U.S. crude stocks rise even as refiners boost runs: EIA


U.S. crude stocks rose last week even as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.

Crude inventories rose by 1.4 million barrels in the week to Nov. 15, …

Source: AP/Matt Strasen

Oil falls on expectations of rising inventories at key U.S. hub

Source: Houston Chronicle

Oil declined for a second day on expectations of rising inventories at a key pricing point in Oklahoma.

Futures in New York fell as much as 1.4% after dropping 1.5% Monday. Genscape Inc. said oil stored at …