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US to Be World’s Largest Oil Producer in 2019

While other nations struggle to increase their crude production, and while some throttle back exports to drive the price of oil higher, the United States will be the largest oil producer of 2019......»»

Category: blogSource: 247wallstJan 18th, 2019

Oil steady a day after big gain; rising U.S. fuel stocks weigh

Oil prices steadied on Wednesday after a 3 percent rise during the previous session, after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices......»»

Category: topSource: reutersJan 16th, 2019

WTI Dips After Huge Gasoline Build, Surge In US Production

WTI has dropped, popped, dumped, and jumped since last night's surprisingly small crude draw and major product builds from API, but re.....»»

Category: blogSource: zerohedgeJan 16th, 2019

Gas Prices Drop for 13th Consecutive Week

The U.S. national average price for a gallon of regular gasoline fell three cents last week to its lowest level in more than two years. Rising crude oil prices have not yet led to rising gas prices,........»»

Category: blogSource: 247wallstJan 7th, 2019

Nasdaq Plunge "Protected" Into Green By Another Massive Short Squeeze

As US stocks headed for the worst start to a year since 2001, a mysterious bid appeared in  WTI Crude ... "the sudden rip higher in oil cannot be attributed to story that Saudi crude exports were lower as this is a very small amount i.....»»

Category: blogSource: zerohedgeJan 2nd, 2019

Oil prices trade flat as EIA shows only a slight drop in crude supply, while gasoline stockpiles rose

The Energy Information Administration reported on Friday that domestic crude supplies fell by.....»»

Category: topSource: marketwatchDec 28th, 2018

U.S. oil prices extend gains as equities rise, but economic worries weigh

U.S. oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains......»»

Category: topSource: reutersDec 26th, 2018

Oil bounces after steep slide, but growth fears still weigh

Oil surged on Wednesday, erasing some of the steep losses that have taken crude benchmarks to lows not seen in 1-1/2 years on perceptions the price slide has gone too far, too fast......»»

Category: topSource: reutersDec 26th, 2018

Oil rises on signs recent low prices crimping U.S. output; but economic worries weigh

Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States, currently the world's biggest crude producer, though concerns about the global economy continued to weigh......»»

Category: topSource: reutersDec 24th, 2018

Futures Movers: Oil prices finish higher as U.S. supplies fall a third straight week

Oil futures finish higher Wednesday, buoyed by a third straight weekly decline in U.S. crude supplies and a drop in distillate stockpiles, after a price plunge a day earlier pushed the U.S. benchmark down to its lowest finish in nearly 16 months......»»

Category: topSource: marketwatchDec 19th, 2018

Crude Oil Price Holds On to Gain Following Inventory Report

The U.S. commercial crude oil inventory dropped by less than 1 million barrels last week while gasoline and diesel fuel supplies fell as well. The overall inventory drop was not enough to put a........»»

Category: blogSource: 247wallstDec 19th, 2018

Oil falls below $60 a barrel as inventories stay high

The oil price fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-than-expected drawdown in U.S. crude stockpiles......»»

Category: topSource: reutersDec 13th, 2018

Oil prices rise as Sino-U.S. trade tensions show signs of easing

Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that China is taking concrete steps to put a trade war truce with Washington into action......»»

Category: topSource: reutersDec 13th, 2018

US Energy Agency Sees Big Drop in Crude Price Coming in 2019

U.S. crude oil production continued to rise in November and the U.S. Energy Information Administration is forecasting prices will drop by around 15% on average next year......»»

Category: blogSource: 247wallstDec 11th, 2018

Crude Oil Price Remains Sunk Following Massive Inventory Drop

The U.S. crude oil stockpile dropped by more than 7 million barrels last week largely due to a big jump in crude oil exports......»»

Category: blogSource: 247wallstDec 6th, 2018

Futures Movers: Oil settles at lowest in over a year, with U.S. prices sliding toward $50

Oil futures drop Wednesday to settle at their lowest in more than a year, sending U.S. prices sliding toward $50 a barrel, on the back of a 10th straight weekly rise in U.S. crude stockpiles......»»

Category: topSource: marketwatchNov 28th, 2018

Futures Movers: Oil prices shift higher on dollar weakness, but 10th weekly rise in crude stockpiles limits gains

Oil futures shift higher on Wednesday, giving up earlier losses fed by a 10th straight weekly rise in U.S. crude stockpiles, as remarks from the Federal Reserve chairman appeared to imply fewer future interest-rate hikes, pressuring the dollar......»»

Category: topSource: marketwatchNov 28th, 2018

Crude Oil Price Remains Soft Following 10th Straight Weekly Rise

The U.S. crude oil inventory posted it 10th consecutive weekly rise last week and prices, which had drifted lower Wednesday morning, first dipped lower then steadied......»»

Category: blogSource: 247wallstNov 28th, 2018

API data reportedly show a more than 3 million-barrel rise in U.S. crude supplies

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by nearly 3.5 million barrels for the week ended Nov. 23, according to sources. The API data also showed gasoline supplies declined by 2.6 million barr.....»»

Category: topSource: marketwatchNov 27th, 2018

Trump Wants Lower Oil Prices, He May Not Get His Wish in 2019

JP Morgan predicts a $10 rise in the price of Brent crude in 2019 JP Morgan predicts Brent crude oil prices of $73 a .....»»

Category: europeSource: fortuneNov 22nd, 2018