Post Tagged with: "US crude stockpiles"

Source: Reuters

Oil dips after unexpected build in U.S. crude stockpiles


NEW YORK  – Oil prices slipped on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices.

Brent crude futures fell 3 cents to $56.05 …

Source: Reuters

U.S. crude stockpiles surge to record high on big Saudi imports: EIA


U.S. crude oil stockpiles rose unexpectedly last week to an all-time high as refiners boosted imports, particularly from Saudi Arabia, while exports dropped to lows not seen since November.

The Energy Information Administration also said on Wednesday that refined …

Source: AP/Jae C. Hong,

Oil steady as weaker economy data eclipses U.S. stockpile drop

Source: Houston Chronicle

Oil traded near $56 a barrel in New York as weak economic data from Germany added to concerns over slowing global fuel demand, tempering the boost from a surprise pullback in U.S. crude stockpiles.

Futures recouped earlier …