Post Tagged with: "US inventories"

Source: Reuters

Oil steadies as U.S. inventory fall tempers demand woes

Reuters


LONDON – Oil prices were broadly steady on Wednesday as rising global COVID-19 cases took the shine off an earlier rally spurred by a bigger-than-expected drop in U.S. crude inventories.

Brent crude prices were up 11 cents, or 0.2%, …

Source: Reuters

Oil hits 11-month high towards $57 as Saudi cut supports

Reuters


LONDON – Oil hit an 11-month high towards $57 a barrel on Tuesday as tighter supply and expectations of a drop in U.S. inventories offset concerns over climbing coronavirus cases globally.

Saudi Arabia plans to cut output by an …

Source: Reuters

Oil touches fresh 11-month highs after U.S. inventory fall

Reuters


LONDON – Oil prices were steady on Thursday after hitting fresh 11-month highs on a fall in U.S. stockpiles and in the wake of a pledge by Saudi Arabia to cut output by more than expected.

Brent crude was …

Source: Reuters

Column: U.S. oil inventories offer hope, and a warning, to OPEC+ – Kemp

Reuters


LONDON – U.S. petroleum inventories are gradually normalising as output curbs by OPEC+ and processing restraint by refiners push the oil market back towards balance.

But with stocks of crude and distillates still well above the five-year average, OPEC+ …

Source: Reuters

Oil edges up to $42, eyeing Libya and U.S. inventories

Reuters


LONDON – Oil edged up to around $42 a barrel on Wednesday, supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains.

European equities …

September 23, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source; Reuters

Oil up on lower U.S. stocks, firmer demand

Reuters


LONDON – Oil prices firmed on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains.

Brent crude futures LCoc1 …