Post Tagged with: "US stockpiles"

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 …