WTI/RBOB Bounce After Crude Draw Despite New Record Production

Oil prices have extended yesterday's gains, following last night's surprisingly huge crude draw (reported by API) and OPEC+ saying they expect a “significant” decrease in.....»»

WTI/RBOB prices have gone nowhere since  API reported a surprise crude build, but after last week's across.....»»

WTI/RBOB prices are higher once again amid escalating tensions over Syria, despit.....»»

WTI/RBOB extended gains overnight (WTI at 3.5yr highs) following Trump's Iran decision and a surprise crude draw reported by API, and DOE data confirmed the draw (even larger) along with gasoline and distillate draws. US crude production jumped t.....»»

Despite Russia production-cut roll-back headlines, WTI/RBOB prices are u.....»»

API reported a significant crude draw yesterday and after last week's record US exports and biggest crude draw .....»»

WTI Rebounds Above $61 After Big Cr.....»»

U.S. crude production won't bounce back in 2021 from last year's fall, the Energy Information Adminis.....»»

WTI Spikes After Surprise C.....»»

U.S. crude prices settled lower on Tuesday, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic......»»

Oil prices fell on Tuesday with U.S. crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production......»»

Signs of a further drop in U.S. crude-oil production are everywhere, from a slowdown in fracking activity and sharp weekly declines in the active oil-rig count, to expectations of a May decline for all seven major shale-oil output regions......»»

Crude prices hit record lows, prompting Colorado companies to axe drilling budgets. Here's what it will take for the industry to bounce back......»»

Oil prices rose on Tuesday after a U.S. agency said shale output in the world's biggest crude producer would fall by the most on record in April, adding to cuts from other major producers......»»

REUTERS/Sergei Karpukhin The multiweek oil-price war between Russia and its OPEC allies was finally resolved on Sunday as the international consortium agreed to cut crude oil production by almost 10%. OPEC+ announced it will cut 9.7 million ba.....»»

Benchmark U.S. crude fell more than 1% in early trade on Friday, coming off its biggest one-day gain in the previous session after U.S. President Donald Trump said he expected Saudi Arabia and Russia to announce a major oil production cut......»»

Shares of Whiting Petroleum Corp. rose 6.2% in premarket trading Tuesday, to bounce off the previous session's record low close of 66.00 cents, as crude oil prices rebou.....»»

Saudi Arabia said on Wednesday it plans to boost oil production capacity for the first time in more than a decade, a day after it announced a record high hike in crude supply in a battle for market share that has hammered global prices this week......»»

Shares of Chesapeake Energy Corp. plummeted 11% toward a record low close of just below 21 cents, as Russia's rejection of Saudi Arabia-proposed production cuts sent crude oil prices reeling. Chesapeake's stock has now tumbled 25.1% over the past w.....»»

WTI Holds Around $48 After Crude P.....»»