Crude Oil Price Tumbles Below $70 on Surge in Inventories

Oil prices sharply extended losses Wednesday, with U.S. crude dropping below $52 per barrel for the first time since February, after an unexpected gain in U.S. crude inventories......»»

The U.S. crude oil inventory rose last week by an unexpectedly large 2.2 million barrels. Gasoline and distillate inventories also posted larger-than-forecast increases. Crude oil prices slipped........»»

While crude stocks in the United States fell more than forecast by analysts, gasoline inventories jumped sharply.....»»

While crude stocks in the United States fell more than forecast by analysts, gasoline inventories jumped sharply.....»»

Oil futures trade mixed, with the U.S. benchmark gaining ground after government data shows a drop in crude inventories......»»

WTI Extends Losses Below $20 After Record Surge In Crude Inventories WTI crashed below $20 (tagging $19.20) overnight after API reported huge.....»»

Oil prices pulled back Wednesday, with benchmark Brent turning negative as U.S. crude inventories surged the most on record, but the pullback was muted by hopes that a meeting between OPEC and allied producers on Thursday will trigger output cuts......»»

Energy stocks propelled the broader stock market higher Thursday, driven by a surge in crude prices on hopes that Saudi Arabia and Russia could step back from their price war.  .....»»

Energy stocks propelled the broader stock market higher Thursday, driven by a surge in crude prices on hopes that Saudi Arabia and Russia could step back from their price war.  .....»»

Crude prices are climbing after comments from President Donald Trump over a damaging price war between Russia and Saudi Arabia......»»

Crude prices are climbing after comments from President Donald Trump over a damaging price war between Russia and Saudi Arabia......»»

Spreads on bonds issued by oil companies widened sharply in active trade on Monday, as a more than 22% decline in crude prices and the continuing spread of the coronavirus caused global markets to crater. Exxon Mobil's 3.095% .....»»

Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected......»»

Shares of airline companies were broadly lower Friday, as a surge in crude oil prices, fueled by concerns over rising U.S.-Iran tensions, sparked fears of rising fuel costs......»»

Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, competed with a price-supporting drop in U.S. crude inventories......»»

Weekly Energy Recap: Tanker Rates Lead To Surprise Surge In U.S. Crude Inventories.....»»

The U.S. crude oil stockpile rose by more than 9 million barrels last week but the impact of the huge increase was partially offset by large declines in gasoline and distillate inventories......»»

Oil futures head for the sharpest daily rise in about 10 years on Monday after a weekend drone attack on major crude facilities in Saudi Arabia threatened to create a supply crunch that was roiling global crude markets......»»

An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was "locked and loaded" to retaliate......»»

Oil prices sank roughly 5% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row......»»