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WTI Slumps As Postponed OPEC Conference Trumps Crude Inventory Surprise

While all eyes are focused on Vienna and the OPEC+ meeting, inventory data will likely not be completely ignored following Tuesday's surprise API-reported crude build. With refinery utili.....»»

Category: blogSource: zerohedgeDec 6th, 2018

Oil prices steady despite U.S. crude inventory build, Brent near $70 a barrel

Oil prices were little changed on Wednesday even after U.S. government data showed a surprise increase in crude inventories, as OPEC-led output cuts and U.S. sanctions kept the supply outlook tight enough to hold futures near five-month highs......»»

Category: topSource: reutersApr 3rd, 2019

WTI Drops After Big Surprise Crude Inventory Build

WTI managed modest gains today amid mideast chaos (drones striking saudi pip.....»»

Category: blogSource: zerohedgeMay 14th, 2019

Futures Movers: WTI oil slips, Brent gains as trade-linked demand worries play out against U.S. inventory drop

U.S.-based oil prices slip as an escalating trade battle between the Trump administration and China and its potential to dent energy demand offset the upward price pressure that might normally be expected from a surprise decline in U.S. crude inventories......»»

Category: topSource: marketwatchMay 9th, 2019

Oil prices steady despite Saudi export cuts, U.S. inventory draw

Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check ......»»

Category: topSource: reutersApr 18th, 2019

EIA Reports 1st U.S. Crude Inventory Decline in a Month

Overall, oil is being supported by the OPEC+ deal to cut production by 1.2 million barrels per day. .....»»

Category: personnelSource: nytApr 18th, 2019

Oil rises on tightening supplies; ample U.S. output caps gains

Oil prices edged higher on Wednesday, supported by ongoing OPEC-led supply cuts and a surprise fall in U.S. crude inventories, although gains were capped by strong U.S. production......»»

Category: topSource: reutersApr 18th, 2019

Oil rallies as U.S. gasoline inventory draw offsets crude build

Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela's crude supply......»»

Category: topSource: reutersApr 10th, 2019

Oil eases on U.S. crude stock build but holds near five-month high

Oil prices edged down on Wednesday after U.S. government data showed a surprise build in crude inventories, but futures held near their highest in almost five months as OPEC-led output cuts and sanctions on Iran tightened the supply outlook......»»

Category: topSource: reutersApr 3rd, 2019

WTI Drops Back Below $60 After Surprise Crude Build

WTI crude extended recent gains, hovering around $60 - setting the stage for its best quarter since 2002 - ahead of the API inventory report that was expected to show a draw after three draws in the last four weeks. “We’re back in rally mode,” .....»»

Category: blogSource: zerohedgeMar 26th, 2019

WTI Spikes Above $60 After Huge Inventory Draws

WTI’s post-API surprise crude draw rally stutter.....»»

Category: blogSource: zerohedgeMar 20th, 2019

Oil closes in on four-month highs on OPEC cuts, U.S. stock draw

Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles......»»

Category: topSource: reutersMar 18th, 2019

Oil up as OPEC-led supply cuts support, Cushing draws down

Oil prices edged up on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs and signs of inventory declines at the delivery point for U.S. crude futures......»»

Category: topSource: reutersMar 18th, 2019

WTI Hits 4-Month Highs, Tops $58 After Surprise Crude Draw, Production Cut

Crude rose for a third day after API reported an unexpected drop in U.S. stockpiles just as planned cuts and disruptions to OPEC output are tightening supply. While OPEC nations like Saudi Arabia press o.....»»

Category: blogSource: zerohedgeMar 13th, 2019

WTI/RBOB Extend Gains After Surprise Inventory Draws

Despite geopolitical risks seemingly ebbing, WTI/RBOB rebounded today on hopes OPEC .....»»

Category: blogSource: zerohedgeApr 17th, 2018

WTI/RBOB Extend Rebound After Surprise Crude Inventory Draw

WTI/RBOB prices ended the day lower but bounced a little after Trump's statement, running flat into API but a pushed WTI briefly back above $70 following a surprise crude draw (and large product draws).   API C.....»»

Category: blogSource: zerohedgeMay 8th, 2018

Oil prices dip on unexpected growth in U.S. crude stocks

SEOUL (Reuters) - Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories and by expectations that OPEC and other producers could increase output at a meeting in June......»»

Category: topSource: reutersMay 30th, 2018

Crude Oil Price Curbs Drop on Surprise Inventory Build

A larger-than-expected decrease to U.S. crude oil stockpiles moderated the drop in crude prices following Thursday's report from the U.S. Energy Information Administration......»»

Category: blogSource: 247wallstMay 31st, 2018

Crude drops amid growing U.S. output and focus on OPEC talks

Oil dropped as rising U.S. output overshadowed a surprise decline in crude stockpiles, with traders also focused on whether Saudi Arabia and Russia will boost production......»»

Category: topSource: moneycentralMay 31st, 2018

RBOB Slides After Surprise Build, WTI Flat On Crude Draw

With WTI unable to rally beyond $65 today due to trade war concerns (and with OPEC .....»»

Category: blogSource: zerohedgeJun 19th, 2018

Futures Movers: Oil prices slide on surprise rise in U.S. stockpiles

Crude comes under pressure after API reports an unexpected gain, with the EIA data due later also seen as posting an inventory build. Signs of a supply surge from Saudi Arabia and Russia are other factors......»»

Category: topSource: marketwatchAug 1st, 2018