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The End of the Beginning of the Oil Price War

An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices......»»

Category: blogSource: 247wallstApr 13th, 2020

Futures Movers: Oil prices tick higher after U.S. report shows 7.9 million drop in crude inventories

Crude-oil prices on Thursday edged slightly higher as a weekly inventory report indicated a big decline in U.S. stockpiles for oil......»»

Category: topSource: marketwatchDec 26th, 2019

Oil prices inch higher amid support for supply cuts, lower inventory forecast

Oil prices edged higher on Tuesday after Russia's energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories......»»

Category: topSource: reutersDec 23rd, 2019

IEA Oil Demand Growth Estimate Dips

The International Energy Agency's Oil Market Report for April lowers slightly the agency's demand growth estimates for both this year and last. Crude prices are lower following the report......»»

Category: blogSource: 247wallstMay 15th, 2019

Stocks open broadly lower, but energy sector gains with oil

The price of crude oil surged Monday after the U.S. government moved to further block Iranian oil exports......»»

Category: topSource: foxnewsApr 22nd, 2019

US Oil Rig Count Rises by 5; Crude Price Dips Slightly

The U.S. land-based oil rig count rose by five this week following burst of activity in the Permian Basin. The number of offshore rigs also rose this week......»»

Category: blogSource: 247wallstApr 20th, 2018

Consumer Prices Rose 0.4% in November on Higher Energy Costs

The consumer price index increased by 0.4% in November, as higher prices for energy were only slightly offset by lower prices for groceries and clothing.  The Consumer Price Index Summary from the Bureau of Labor Sta.....»»

Category: blogSource: economicpopulistApr 27th, 2018

Crude Oil Price Narrows Loss as Inventory Slides

The EIA reports that U.S. crude oil inventories fell by 1.4 million barrels last week and gasoline stockpiles fell by 3.8 million barrels. But production and exports continue rising, offsetting the........»»

Category: blogSource: 247wallstMay 16th, 2018

Oil holds near 3-year high amid Venezuela sanction concerns

Oil settled slightly lower after trading near the highest price in almost 3 1/2 years as new sanctions on Venezuela and shrinking U.S. crude inventories spurred concerns about tightening worldwide supplies......»»

Category: topSource: moneycentralMay 22nd, 2018

Futures Movers: Oil retreats as OPEC report shows a pickup in Saudi Arabian output

Crude-oil futures trade slightly lower early Tuesday as a report on monthly oil output from the Organization of the Petroleum Exporting Countries indicated higher production from the cartel led by swing producer Saudi Arabia......»»

Category: topSource: marketwatchJun 12th, 2018

US Oil Rig Count Dips Again, Prices Little Changed

The U.S. land-based rig count dropped by 5 this week on top of a decline of 7 in the prior week. The lower number is helping keep the price moving higher......»»

Category: blogSource: 247wallstJun 29th, 2018

US stocks edge higher as oil prices boost energy companies

U.S. stocks are slightly higher Tuesday morning as energy companies rise along with the price of crude oil......»»

Category: topSource: foxnewsJul 10th, 2018

Crude Oil Price Dips Following Massive Drop in Inventories

The U.S. commercial crude inventory fell by more than 12 million barrels last week but the decline was more than offset as inventories of other petroleum products rose......»»

Category: blogSource: 247wallstJul 11th, 2018

US Gas Price Ticked Higher This Week

U.S. gasoline pump prices rose a penny last week to start the new week at around $2.88 a gallon. Crude oil prices continued a slide begun last Wednesday and may pull pump prices down slightly in the........»»

Category: blogSource: 247wallstJul 16th, 2018

Crude Oil Price Dips Again on Unexpected Inventory Build

The U.S. crude oil inventory added nearly 6 million barrels last week compared with consensus estimates for a decline of more than 3 million barrels. Gasoline inventories fell more than expected,........»»

Category: blogSource: 247wallstJul 18th, 2018

Futures Movers: Oil gains with Saudis reportedly set to lower exports in a bid to avoid flooding the market

Oil futures move higher Thursday, giving up earlier declines after reports that Saudi Arabia’s OPEC governor expects its crude exports to decline next month in an effort to avoid flooding the market with supplies......»»

Category: topSource: marketwatchJul 19th, 2018

P&G Reports Slightly Higher Sales, Drop in Prices

Strong sales in the beauty segment in Procter & Gamble’s fourth quarter helped offset lower sales in grooming products where price cuts didn’t improve performance......»»

Category: smallbizSource: wsjJul 31st, 2018

Crude Oil Price Up Slightly on Unexpected Increase in Stockpiles

The U.S. commercial inventory of crude oil rose sharply last week, defying analysts estimates for a decline. Crude prices have dipped below $68 a barrel again......»»

Category: blogSource: 247wallstAug 1st, 2018

Futures Movers: U.S. oil benchmark slips, but tries for a second straight weekly gain

Prices for U.S. benchmark crude futures trade slightly lower Friday, but may end the week higher despite rising global production......»»

Category: topSource: marketwatchAug 3rd, 2018

Wall St. dips as oil slide drags down energy shares

U.S. stocks were slightly lower on Wednesday as a steep fall in crude oil prices hit energy shares, more than offseting gains in technology and bank stocks......»»

Category: topSource: reutersAug 8th, 2018