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WTI Drops Back Below $68 After Big Gasoline Build, Small Crude Draw

WTI has tumbled this morning (back below $68) as Bloomberg Intelligence Senior Energy Analyst Vince Piazzanotes that optimism for crude oil has sof.....»»

Category: blogSource: zerohedgeAug 8th, 2018

Gold Prices Echo Externally Inspired US Dollar Volatility, RBA on Tap

DailyFX com GOLD amp CRUDE OIL TALKING POINTS Gold prices echo externally inspired US Dollar price swings Crude oil price rally fizzles as Saudi exports hit one year high RBA may indirectly influence gold as oil eyes EIA API data Gold.....»»

Category: futuresSource: nasdaqAug 7th, 2018

US aims to crush Iran"s oil sector in next wave of sanctions

Crude prices are likely to be volatile and higher, as tensions between the U.S. and Tehran rise ahead of the next wave of sanctions, aimed at cutting off Iran's oil exports by early November......»»

Category: topSource: moneycentralAug 6th, 2018

HSBC posts small rise in first-half profit, as expenses, U.S. settlement weigh

HSBC Holdings Plc posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million provision against sale of U.S. mortgage securities ate into higher revenues......»»

Category: topSource: reutersAug 6th, 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: Oil prices slide on surprise rise in U.S. stockpiles

Crude comes under pressure after API reports an unexpected gain, with the EIA data due later also seen as posting an inventory build. Signs of a supply surge from Saudi Arabia and Russia are other factors......»»

Category: topSource: marketwatchAug 1st, 2018

Oil rises as shrinking US crude stockpiles signal tightness

Oil climbed as plunging crude and gasoline inventories in the world’s biggest economy heightened supply concerns......»»

Category: topSource: moneycentralJul 25th, 2018

Oil rises as shrinking U.S. crude stockpiles signal tightness

Oil climbed as plunging crude and gasoline inventories in the world’s biggest economy heightened supply concerns......»»

Category: topSource: moneycentralJul 25th, 2018

Crude Oil Price Jumps on Large Inventory Drawdown

The U.S. crude oil stockpile fell by more than 6 million barrels last week, more than double the expected drop. Gasoline inventories also posted a much larger-than-expected drop......»»

Category: blogSource: 247wallstJul 25th, 2018

US Oil Rig Count Down 5, Crude Price Set to Post Small Weekly Loss

The number of U.S. land-based rigs drilling for oil fell by five this week and the natural gas rig count fell by two. The decline has sent crude prices higher......»»

Category: blogSource: 247wallstJul 20th, 2018

Futures Movers: Oil prices volatile as U.S. crude stockpiles rise unexpectedly and output climbs to a record

Oil prices see volatile trading Wednesday as data showed a surprise climb domestic crude stockpiles and record weekly production......»»

Category: topSource: marketwatchJul 18th, 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

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

Oil Price: Iran has threatened to block the Strait of Hormuz

Iran has threatened to block the Strait of Hormuz, a vital artery for oil shipments from the Middle East. The warning comes in response to the US, which is trying to cut off Iranian crude exports. Aft.....»»

Category: topSource: livetradingnewsJul 14th, 2018

Futures Movers: Oil prices rise, but post sharp weekly loss amid expectations for rising Libyan output

Oil prices climb on Friday, but post sharp losses for the week, as traders weigh concerns over resurgent Libyan supply and global trade disputes against indications of tighter crude supply and shrinking spare output capacity......»»

Category: topSource: marketwatchJul 13th, 2018

Brent oil gains $1 to claw back some losses

Brent crude rose more than $1 on Thursday as focus turned to a big drawdown in U.S. stockpiles, recouping some of the market's heavy losses from the previous session that had been sparked by news that Libya would resume oil exports......»»

Category: topSource: reutersJul 11th, 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

Futures Movers: Oil prices finish higher, with Brent up sharply as traders weigh global supply disruptions

Crude-oil benchmarks finish higher Monday, with Brent crude posting a sizable gain as traders continue to fret over production disruptions in Libya and Venezuela and expectations for big declines in Iranian exports......»»

Category: topSource: marketwatchJul 9th, 2018

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies U.S. stockpiles of crude oil unexpectedly rose by a bit last week, although the increase was largely offset by a decline in refined gasoline su.....»»

Category: topSource: livetradingnewsJul 5th, 2018

Iran Says Trump’s Tweets Are Responsible for Rising Oil Prices

By as much as $10 a barrel. President Donald Trump’s tough stance on Iran’s oil exports is apparently not the only thing that may be causing the price of a barrel to rise. Hossein Kazempour Ardebili, Iran’s OPEC repre.....»»

Category: europeSource: fortuneJul 5th, 2018