Crude Oil Price Tumbles Below $70 on Surge in Inventories

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Oil futures were mostly steady on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a lull in equities......»»

Oil futures were little changed on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a slump in equities......»»

Oil prices slid 4% on Wednesday on higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks......»»

Oil futures sank 4% on Wednesday amid higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks......»»

Update: It appears the unexpected surge in crude inventories (glut) is trumping any claims from OPEC (or more specifically the Saudis) that supply can be tamped down to match lower demand concerns. WTI has plunged back to last week's l.....»»

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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......»»

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United States Oil (USO) fuel stockpiles offsets a surge in crude inventories Oil prices were mixed in choppy trade on Wednesday, after government data showed a surge in weekly U.S. crude stockpiles that was partly offse.....»»

U.S. crude oil inventories dropped more than expected last week, but the biggest changes came in how much crude and refined products were exported......»»

LONDON (Reuters) - Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher......»»

U.S. petroleum inventories fell by modest amounts last week but the declines pushed crude oil prices to a high of more than $68 a barrel, a price last seen in late 2014......»»

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U.S. crude oil inventories fell by more than 2 million barrels last week, considerably more than expectations. Prices have jumped more than 3%, largely due to the U.S. withdrawal from the nuclear........»»

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Land-based oil producers in the United States added 10 new rigs this week and natural gas producers added three, as rig counts continue to surge on rising commodity prices......»»

The EIA reports that U.S. crude oil inventories fell by 1.4 million barrels last week and gasoline stockpiles fell by 3.8 million barrels. But production and exports continue rising, offsetting the........»»

Oil settled slightly lower after trading near the highest price in almost 3 1/2 years as new sanctions on Venezuela and shrinking U.S. crude inventories spurred concerns about tightening worldwide supplies......»»

U.S. petroleum inventories unexpectedly fell last week according to the lates Energy Information Administration report. Prices rose somewhat but have pulled back to just 10 cents above last night's........»»