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.....»»
Oil extends gains despite weak demand outlook
Oil prices extended their gains on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect of further market-supporting action by OPEC and its allies offset some concern over the outlook for demand......»»
Oil edges higher, but weak demand outlook weighs
Oil prices climbed on Thursday, with Brent rising above $61 a barrel as a surprise drop in U.S. crude inventories and the prospect of further market-supporting action by OPEC and its allies offset some concern over the outlook for demand......»»
Oil steadies above $61, weak demand outlook weighs
Oil steadied above $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market......»»
Oil slips below $61 as weak demand outlook weighs
Oil slipped below $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market......»»
Oil prices ease as weak demand outlook weighs on market
Oil prices slipped on Thursday amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude inventory drawdown in the United States......»»
Oil rises on surprise U.S. crude drawdown, prospect of OPEC action
Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support......»»
WTI Surges Back Above $55 After Surprise Crude Inventory Draw
WTI Surges Back Above $55 After Surprise Crude Inventory Draw After sliding overnight on the heels of a significant crude build reported by API, oil prices have surged since the US equit.....»»
Oil slips after U.S. inventory build, but possible OPEC cuts support market
Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices......»»
WTI Extends Losses After Surprise Crude Inventory Build
WTI Extends Losses After Surprise Crude Inventory Build Oil prices traded down today on the back of confidence Saudi comments about the pace of recovery from the attack on its largest refinery. “Duri.....»»
Oil slumps as Trump signals thaw in Iran sanctions deadlock
Oil declined as U.S. President Donald Trump considered easing sanctions on Iran that severely restricted the OPEC member’s ability to export crude......»»
Oil slumps as Trump signals thaw in Iran sanctions deadlock
Oil declined as U.S. President Donald Trump considered easing sanctions on Iran that severely restricted the OPEC member’s ability to export crude......»»
WTI Tumbles After Surprise Crude Build
Oil prices exploded higher today, helped by a weaker dollar, after the U.S. announced plans to intensify sanctions on Iran and Russia said it would trim production in September. But after last week's huge draws, all eyes are back on the inventory picture .....»»
Oil slumps 5% to seven-month low on trade tensions, surprise U.S. stock build
Oil prices tumbled up to 5% on Wednesday to a fresh seven-month low, extending recent heavy losses following an unexpected build in U.S. crude stockpiles and fears of lower crude demand due to deepening U.S.-China trade tensions......»»
WTI Tumbles After Smaller-Than-Expected Crude Draw
Oil prices are up modestly overnight, after yesterday's worst post-OPEC reaction since 2014, as API's notable crude draw sparked optimism for this morning's official inventory dat.....»»
WTI Slides Below $63 After Surprise Crude & Gasoline Builds
WTI traded lower today (finding support around $63) as anxiety over the ongoing US-China trade deal weighed on global growth (demand) sentiment (after yesterday's gains on OPEC/Saudi supply comments). “Given the fact that the macro environ.....»»
WTI Drops After Big Surprise Crude Inventory Build
WTI managed modest gains today amid mideast chaos (drones striking saudi pip.....»»
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......»»
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 ......»»
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. .....»»
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......»»