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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 firms on drop in U.S. crude stocks, market awaits OPEC/Russia supply decision

U.S. oil prices stabilized on Friday, buoyed by a fall in U.S. crude oil inventories, but sentiment remained weak as producer group OPEC postponed a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia......»»

Category: topSource: reutersDec 6th, 2018

WTI Slumps Back To A $65 Handle After Huge Crude Build

Having rebounded modestly back off a $65 handle intraday after OPEC.....»»

Category: blogSource: zerohedgeOct 23rd, 2018

WTI Drops After Surprise Crude, Gasoline Build

WTI extended gains today after OPEC signaled it may not replace Iranian oil that’s disappearing from global markets as U.S. sanctions loom, but slumped off .....»»

Category: blogSource: zerohedgeSep 25th, 2018

Futures Movers: Oil prices rise amid hurricane fears, ahead of OPEC inventory report

U.S. oil prices early Wednesday trade higher as Hurricane Florence was barreling toward the East Coast, boosting demand for crude and raising worries about disruptions to gasoline flows and pipelines in the region......»»

Category: topSource: marketwatchSep 12th, 2018

WTI Spikes On Surprise Crude Draw As Gasoline Demand Hits Record High

WTI rallied overnight, in the face of dollar gains, as Iran supply fears reignited, dominating API inventory builds across the board, and spiked notably after DOE reported a bigger-than-expected 2.566mm crude draw......»»

Category: blogSource: zerohedgeAug 29th, 2018

Futures Movers: Oil edges lower ahead of OPEC monitoring meeting

Oil futures trade slightly lower Monday, losing some ground ahead of a conference call between members of a committee monitoring compliance with a deal by OPEC and non-OPEC produces on crude output......»»

Category: topSource: marketwatchAug 27th, 2018

Oil at 5-week low as supply worries compound trade threat

Crude fell to the lowest in more than five weeks as a surprise rise in U.S. crude inventories and increases in production from OPEC and Russia has investors worried that global supply levels are on the upswing......»»

Category: topSource: moneycentralAug 1st, 2018

WTI Holds Below $68 After Surprise Crude Inventory Build

WTI has extended its losses since last night's surprise API-reported crude inventory build., and DOE confirmed with a surprise 3.8mm bbl inventory build and whi.....»»

Category: blogSource: zerohedgeAug 1st, 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

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

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

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

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

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

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

Futures Movers: Oil falls as OPEC production rise raises doubt about impact from next year’s cut

Oil prices fell Thursday as market doubts about the efficacy of planned production cuts were renewed, in part on a report of OPEC infighting and data showing the cartel was pumping out plenty of crude last month......»»

Category: topSource: marketwatchDec 13th, 2018

OPEC output jumped last month, even as production cuts loom: IEA

Record pumping from Saudi Arabia lifted overall OPEC oil production in November, a bump in output that comes even as the group’s plan to impose production curbs next month has helped to put a floor under crude prices......»»

Category: topSource: marketwatchDec 13th, 2018

Crude Oil Price Pared Gain Following Modest Inventory Drop

The U.S. commercial crude oil inventory dropped by more than 1 million barrels last week, a far smaller drop than reported Tuesday night by the American Petroleum Institute. The price of crude........»»

Category: blogSource: 247wallstDec 12th, 2018

Futures Movers: Oil prices gain on sign of U.S. inventory dip

Oil prices gained Wednesday as signs of a fall in U.S. crude inventories offset mixed signals on supplies from the globe’s major producers even as they ready for a planned reduction in output early next year......»»

Category: topSource: marketwatchDec 12th, 2018

Oil prices rise on Asian stock rally, OPEC-led cuts

Crude prices had lost a third of their value between early October and the announcement of the supply cuts......»»

Category: topSource: foxnewsDec 12th, 2018