Post Tagged with: "US stockpiles"

Source: CNBC

After oil hits 13-month high, energy analyst warns prices may be ‘too frothy’


Oil climbed Friday, surpassing the high set earlier this week and notching a fresh 13-month peak.

West Texas Intermediate crude hit $59.74 a barrel on Friday, its highest level since January 2020, a promising sign as the industry …

Source: Reuters

Oil climbs as U.S. stockpiles shrink, but election uncertainty overshadows market


LONDON – Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.

Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, a …

Source: Reuters

Oil falls on U.S. stimulus impasse and U.S. stockpiles


LONDON – Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger than expected rise in U.S. crude inventories.

Brent …

Source: Reuters

Oil prices jump after smaller than feared U.S. inventories build


Oil prices jumped on Wednesday after U.S. stockpiles rose less than expected and gasoline stocks fell, with support also coming from hopes that demand will improve as some European countries and U.S. cities moved to ease coronavirus lockdowns.

June …

Source: Houston Chronicle

Crude inventories plunge as U.S. emerges as net petroleum exporter

Houston Chronicle

The nation’s stockpiles of commercial crude oil plunged by nearly 5 million barrels last week as the United States continues to emerge as a net petroleum exporter at the end of 2019.

The U.S. is churning out record-high …