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Crude oil rises from one-month low

Futures climbed 1% in New York after dropping 5.9% in the previous two sessions.....»»

Category: topSource: business-standardJan 11th, 2017

Oil rises off one-month lows struck after surprise stock build

TOKYO (Reuters) - Crude futures edged up in early Asian trading on Thursday following heavy losses in the previous session after official data showed that U.S. inventories rose for the first time in 10 weeks, reawakening concerns over a glut......»»

Category: topSource: reutersJun 7th, 2017

WTI Holds Below $48 As US Oil Rig Count Rises For 20th Week In A Row

Leading crude production to 21-month highs, the number of US oil.....»»

Category: blogSource: zerohedgeJun 2nd, 2017

US Crude Production Hits 21-Month Highs As Rig Count Rises For 19th Straight Week

For the 19th week in a row, the number of US oil rigs rose (up 2 to 722). This is the largest number of oil rigs since April 2015 .....»»

Category: blogSource: zerohedgeMay 26th, 2017

Oil rises, near one-month high; U.S. crude stocks seen down

NEW YORK (Reuters) - Oil prices on Tuesday rose to a near one-month high as expectations of a drawdown in U.S. crude and product inventories outweighed news of higher Libyan production......»»

Category: topSource: reutersApr 4th, 2017

OPEC Reports 2% Rise in Crude Prices Last Month; Saudi Production Rises Too

Saudi Arabia's crude oil production rose above 10 million barrels a day again in February and U.S. production is rising as well. Analysts and traders are becoming cautious on projecting a rebalancing........»»

Category: blogSource: 247wallstMar 14th, 2017

Oil Rises Off 3-Month Low, But Glut Worries Remain

Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a global supply glut is proving stubbornly persistent......»»

Category: topSource: foxnewsMar 10th, 2017

Futures Movers: Oil prices slammed as U.S. crude supply rises

Crude futures ease as they are caught between larger-than-expected growth in U.S. crude stocks and reports that the Organization of the Petroleum Exporting Countries could consider extending its production cuts beyond the six-month deal......»»

Category: topSource: marketwatchFeb 17th, 2017

Oil falls as Opec compliance report underwhelms, US crude output rises

US oil drillers over the past month have added the most drilling rigs since 2012.....»»

Category: topSource: business-standardFeb 13th, 2017

Crude oil rises from one-month low

Futures climbed 1% in New York after dropping 5.9% in the previous two sessions.....»»

Category: topSource: business-standardJan 11th, 2017

US Oil Rig Count Surges As Crude Production Reaches 7-Month Highs

The last two weeks have seen dramatic rises in the US oil rig count (+21 and +12 respectively) pushing it to its highest in 11 months. US crude production is tracking the lagged rig count very closely and has surged to 7-month highs in the 2 weeks since O.....»»

Category: blogSource: zerohedgeDec 16th, 2016

Oil Rises to 16 Month High After OPEC Deal Agreement

Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. Monday’s gains ta.....»»

Category: topSource: marketpulseDec 5th, 2016

US Oil Rig Count Rises To 10-Month Highs

From the 316 rig trough in May, American oil drillers have added 161 to 477 - the highest since January 2016. The rising rig count continues to track lagged oil prices higher and US crude production is following that trend to its highest level since June......»»

Category: blogSource: zerohedgeDec 2nd, 2016

US Crude Production Rises As Rig Count Reaches 10-Month Highs

For the 24th week of the last 26, oil rigs rose (by 2) to 474, the highest since January 2016. US crude production rose again last week tracking the lagged trend of rising rig counts in the US.     Notably US crude production looks set to rise .....»»

Category: blogSource: zerohedgeNov 23rd, 2016

U.S. oil rises after surprise inventory drop; stocks up

NEW YORK (Reuters) - Crude oil prices rose to a 15-month high on Wednesday after a surprise U.S. inventory drawdown, boosting energy shares......»»

Category: topSource: reutersOct 19th, 2016

Oil rises on dollar and market balance expectations

Traders said a drop in the dollar away from seven-month highs the previous day supported crude.....»»

Category: topSource: business-standardOct 18th, 2016

US Oil Rig Count Rises For 16th Straight Week To 8-Month Highs

With crude having rolled over, back to pre-inventory-data levels, hovering around $50, Baker Hughes reports the US oil rig count rose 4 to 432 - the 16th weekly rise in a row to th ehighest in 8 months.   US Oil Rig count data has risen for 16 straig.....»»

Category: blogSource: zerohedgeOct 14th, 2016

US Oil Rig Count Rises For 15th Straight Week To 8 Month Highs

WTI Crude prices are holding below $50 as the US oil rig count rose for the 15th straight week. Up 3 to 428, this is the highest since Feb 2016...  .....»»

Category: blogSource: zerohedgeOct 7th, 2016

Oil Rises After Iran Announces Visit to Russia in October-November

Brent oil futures touched a four-month high on Tuesday as investor confidence grew in last week’s deal by oil producers to freeze output levels in order to stem a two-year price rout. Benchmark Brent crude oil futures LCOc1 reached a four-month high.....»»

Category: topSource: marketpulseOct 4th, 2016

Oil Rises on Weak USD and Lower Inventories

Oil rose 2 percent on Thursday, heading for its largest weekly gain in a month, after a surprisingly large drop in U.S. crude inventories emboldened investors ahead of next week’s meeting between OPEC members and Russia to discuss supply. A fall in .....»»

Category: topSource: marketpulseSep 22nd, 2016

WTI Crude Slides As Oil Rig Count Rises To 7-Month Highs

Following a week of supply concerns and inventory anxiety, crude prices have slipped notably lower, more potentially bearish news just hit with Baker Hughes reporting the oil rig count rose 2 to 416 - up for the 12th week in a row. This is the highest in .....»»

Category: blogSource: zerohedgeSep 16th, 2016