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Oil dips as U.S. crude stockpiles swell; possible OPEC cuts prevent bigger slide

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops......»»

Category: topSource: reutersNov 22nd, 2018

Futures Movers: Oil settles lower as traders bet on a fourth-weekly rise in U.S. crude inventories

Oil futures marked a third straight decline on Tuesday, with U.S. benchmark crude trading below later-dated futures, as traders bet that domestic crude supplies climbed for a fourth week in a row in the wake of last month's Texas deep freeze......»»

Category: topSource: marketwatchMar 16th, 2021

Futures Movers: Oil prices buoyed by falling fuel inventories

Oil futures trade higher Thursday, with support tied in part to follow through on the previous session's gains that saw a sharp rise in crude inventories offset by a further draw in gasoline supplies as a result of last month's Texas freeze......»»

Category: topSource: marketwatchMar 11th, 2021

Oil sinks to 18-year low as inventories swell by most on record

Weekly crude oil inventories rose by 19.2 million barrels, the most on record......»»

Category: topSource: foxnewsApr 15th, 2020

Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States......»»

Category: topSource: reutersMar 31st, 2020

Saudi Aramco drops 10% after kingdom triggers oil price fall

Saudi Aramco shares fell 10% on Monday after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices......»»

Category: topSource: reutersMar 9th, 2020

Oil falls on U.S. gasoline, distillate stock builds, record crude output

Oil prices on Wednesday fell about 1% to their lowest in over a month, after a U.S. report showed big increases in gasoline and distillates inventories and as crude production rose to a new record......»»

Category: topSource: reutersJan 15th, 2020

Oil little changed near three-month high amid stockpile drop, economic hopes

Oil was little changed on Friday, steadying near three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally......»»

Category: topSource: reutersDec 27th, 2019

Oil edges up to three-month highs as U.S. crude stocks fall

Oil prices rose on Friday to three-month highs after data showed U.S. crude inventories declined much more than expected and upbeat economic data and optimism over a U.S.-China trade deal improved investor sentiment......»»

Category: topSource: reutersDec 27th, 2019

Oil reaches three-month highs, supported by low U.S. inventories, trade progress

Oil prices reached the highest level in three months in thin pre-Christmas trading on Thursday, buoyed by the previous day's news that U.S. crude inventories declined and as U.S.-China trade tensions continued to ease......»»

Category: topSource: reutersDec 19th, 2019

Oil hovers near three-month highs, supported by low U.S. inventories, trade progress

Oil prices hovered near the highest in three months in thin pre-Christmas trading on Thursday, buoyed by the previous day's news that U.S. crude inventories declined and as U.S.-China trade tensions continued to ease......»»

Category: topSource: reutersDec 19th, 2019

Futures Movers: Oil on track to post fresh 3-month highs

Oil futures move modestly higher on Thursday, on track to notch another settlement at their highest since mid-September, a day after data showed a weekly decline in U.S. crude inventories......»»

Category: topSource: marketwatchDec 19th, 2019

Oil hovers near three-month highs on trade progress, lower inventories

Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China......»»

Category: topSource: reutersDec 19th, 2019

Oil prices surf near three-month highs after U.S. crude inventories fall

Oil prices remained in touching distance of three-month peaks on Thursday, extending a robust streak that began a week ago, after data showed U.S. crude inventories had dropped while output cuts by major producers kept supply snug......»»

Category: topSource: reutersDec 18th, 2019

Oil drops on surprise U.S. crude build but tariff deadline eyed

Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday......»»

Category: topSource: reutersDec 11th, 2019

Oil drops as U.S. data shows unexpected rise in crude stocks

Oil prices dropped about 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday......»»

Category: topSource: reutersDec 11th, 2019

Futures Movers: Oil prices fall as U.S. supplies rise a second straight week and Saudi output recovers

Oil futures fall Wednesday as U.S. government data reveal a second weekly climb in domestic crude inventories and reports indicate Saudi Arabia continues to make rapid progress in restoring production after attacks on its facilities earlier this month......»»

Category: topSource: marketwatchSep 25th, 2019

Oil drops 3% on weak global economic data, U.S. crude stocks build

Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row......»»

Category: topSource: reutersAug 14th, 2019

Oil prices jump 4.5% on U.S. crude stocks draw, Gulf of Mexico storm

Oil prices rose 4.5% a barrel on Wednesday to their highest level in more than a month after U.S. crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm......»»

Category: topSource: reutersJul 10th, 2019

Oil jumps near $60 on biggest US stockpile drop since 2016

Oil rose near $60 a barrel for the first time this month as a huge drop in U.S. crude inventories bolstered the outlook for demand......»»

Category: topSource: moneycentralJun 26th, 2019