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Oil climbs on Saudi price ambitions and U.S. stocks draw

LONDON (Reuters) - Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher......»»

Category: topSource: reutersApr 19th, 2018

Crude Oil Price Jumps on Inventory Drawdowns

U.S. petroleum inventories fell by modest amounts last week but the declines pushed crude oil prices to a high of more than $68 a barrel, a price last seen in late 2014......»»

Category: blogSource: 247wallstApr 18th, 2018

Rupee plunges 32 paise to 5-month low of 65.31 on crude price surge

At the inter-bank foreign exchange (forex) market, the rupee resumed on a steady note at 64.99, tracking global currency volatility coupled with steady capital outflows.....»»

Category: topSource: business-standardApr 11th, 2018

WTI/RBOB Pump"n"Dump After Huge Cushing Build, Record Crude Production

Update: It appears the humans just took over from the machines... *  *  * WTI/RBOB extended losses following API's surprisingly large crude build (not helped by risk-off and dollar's spike), but jumped initially after DOE reported.....»»

Category: blogSource: zerohedgeMar 28th, 2018

H&M Q1 profit plunges: more price cuts ahead

High inventories will car.....»»

Category: videoSource: reutersMar 27th, 2018

WTI Down, RBOB Up After Huge Gasoline Draw, Crude Build, Record Production

WTI/RBOB prices held gains from last night's smaller-than-expected crude build from API, but prices action was mixed after DO.....»»

Category: blogSource: zerohedgeMar 14th, 2018

US National Average Gasoline Price Dips Again

Gasoline prices across the U.S. declined by a penny last week as falling crude oil prices seems to have offset declining inventories......»»

Category: blogSource: 247wallstMar 12th, 2018

Crude Oil Price Cuts Loss Following Inventory Report

The U.S. commercial crude oil inventory rose slightly less than expected last week. Gasoline and diesel fuel inventories fell, likely due to a large increase in refined products exports......»»

Category: blogSource: 247wallstMar 7th, 2018

WTI Down, RBOB Up After Huge Gasoline Draw, Crude Build

WTI/RBOB prices chopped around today, but drifted lower into the API data which shocked both ways. A larger than expected crude build sparked WTI selling and the biggest gasoline draw since October sparked RBOB gains.   API Crude +5.66mm (+3mm ex.....»»

Category: blogSource: zerohedgeMar 6th, 2018

Crude slides after larger-than-expected build in U.S. stockpile

Oil took a tumble after a government report showed expanding inventories and production in what will soon be the world’s largest source of crude......»»

Category: topSource: moneycentralFeb 28th, 2018

Crude Oil Price Slips on Big Hike in Supply

U.S. commercial crude oil inventories increased by 3 million barrels last week, about a third more than expected. Gasoline inventories also rose......»»

Category: blogSource: 247wallstFeb 28th, 2018

Relationship Between Crude Oil and U.S. Dollar in February 2018

On Thursday, the price of black gold moved higher after the EIA weekly report showed an unexpected decline in crude oil inventories. Is this one bullish factor strong enough to push light crude higher in the following days? What did the buyers miss?.....»»

Category: optionsSource: insidefuturesFeb 23rd, 2018

Futures Movers: Oil rebounds to end sharply higher after smaller-than-expected inventory rise

Oil bounces back from early losses after a smaller-than-expected rise in crude inventories but struggles to hold on to gain......»»

Category: topSource: marketwatchFeb 14th, 2018

Oil rebounds to end sharply higher after inventory data

Oil futures rebounded from early losses, ending sharply higher after a smaller-than-expected rise in U.S. crude inventories. West Texas Intermediate crude for March delivery .....»»

Category: topSource: marketwatchFeb 14th, 2018

Crude Oil Price Improves on Small Rise to Stockpiles, but Gasoline, Exports Weigh

The U.S. crude oil stockpile grew less than expected this week, but gasoline inventories rose more than expected and exports jumped by 500,000 barrels a day......»»

Category: blogSource: 247wallstFeb 14th, 2018

Crude Oil Price Bounces on Addition to Commercial Inventories

U.S. commercial crude oil inventories increased by more than 6 million barrels last week as production continues to rise, more than offsetting increases in exports of both crude oil and refined........»»

Category: blogSource: 247wallstJan 31st, 2018

WTI Algos Confused After Huge Crude Build, Production Spike

WTI/RBOB limped higher after dropping on API's surprise crude build overnight, but when DOE reported a massive 6.78mm crude build (breaking 10-week streak), oil prices began to drop again. RB.....»»

Category: blogSource: zerohedgeJan 31st, 2018

Crude Oil Price Turns Higher on Big Inventory Draw

The U.S. crude oil inventory dipped by nearly 7 million barrels last week, but gasoline inventories, crude oil production and both crude oil and refined product exports rose sharply......»»

Category: blogSource: 247wallstJan 18th, 2018

US Gasoline Price Popped Higher Last Week

Gas prices in the United States rose last week as falling inventories of crude oil had a bigger impact on prices did a continuing rise in the nation's stockpiles of gasoline......»»

Category: blogSource: 247wallstJan 15th, 2018

Crude Oil Price Dips as Petroleum Inventories Balance

U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop......»»

Category: blogSource: 247wallstJan 10th, 2018