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US Oil Rig Count Falls by 4, on Top of 10 Last Week, but Crude Price Remains Low

The Baker Hughes rig count for this week shows that a net four U.S. land-based oil rigs were lost. The natural gas rig count remained flat......»»

Category: blogSource: 247wallstDec 14th, 2018

US Oil Rig Count Jumps by 10 This Week, Crude Price Holds Gains

The number of U.S. land-based drilling rigs searching for oil rose by 10 this week, following two weeks of declines. Crude prices got a boost earlier in the day from a report that the Saudis would........»»

Category: blogSource: 247wallstDec 21st, 2018

Metals Stocks: Gold prices slip, but hang around January highs as dollar, yields hold lower

Gold futures see muted moves on Tuesday, but are hanging around the highest price since early January, supported by persistent weakness in the dollar and a steady retreat in U.S. government bond debt to around two-week lows......»»

Category: topSource: marketwatchMay 25th, 2021

As The US Rig Count Collapses Most Since 2014, Will Trump Bail Out Oil Companies?

As The US Rig Count Collapses Most Since 2014, Will Trump Bail Out Oil Companies? After a chaotic week in the energy complex and a record plunge in the price of WTI, today's data from Baker Hughes suggests American oil compan.....»»

Category: blogSource: zerohedgeApr 24th, 2020

Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war

Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply......»»

Category: topSource: reutersMar 13th, 2020

Crude posts worst week in a decade, hit by coronavirus and price war eruption

Oil prices on Friday posted their worst week since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply......»»

Category: topSource: reutersMar 13th, 2020

Crude nears end of worst week in a decade, hit by coronavirus and price war eruption

Oil prices were on track for their worst week since the 2008 global financial crisis after the coronavirus outbreak rocked the world economy while top exporter Saudi Arabia and its allies stepped up plans to flood the market with record levels of supply......»»

Category: topSource: reutersMar 13th, 2020

Just Like With Any Champion, Steady Growth And Earnings Expected From Adobe

Adobe Inc. (NASDAQ: ADBE) survived the market sell-off last week. And it did it relatively well. As most of the tech sector, its stock has fallen from its peak price and now it looks it has even started to rebound. read more.....»»

Category: blogSource: benzingaMar 9th, 2020

OPEC may fight coronavirus price slide with deeper oil supply cuts

OPEC could agree on deeper oil supply cuts this week, with or without Russia's support, to halt the slide in crude prices triggered by the global spread of the coronavirus, said two sources familiar with the talks......»»

Category: topSource: foxnewsMar 1st, 2020

Oil remains sharply lower as U.S. rig count rises

Crude futures remained sharply lower Friday after oil-field-services company Baker Hughes said the number of U.S. oil rigs rose by 3 from last week to 676. West Texas Intermediate crude for Ma.....»»

Category: topSource: marketwatchJan 24th, 2020

Oil steady as sluggish China growth offsets trade deal optimism

Oil prices were steady on Friday as reports of sluggish economic growth in China, the world's biggest crude importer, raised concerns about fuel demand which countered optimism from the signing of a Sino-U.S. trade deal this week......»»

Category: topSource: reutersJan 17th, 2020

Oil ends week steady as China growth offsets trade deal optimism

Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world's biggest crude importer, raised concerns about fuel demand and countered optimism from the signing of a China-U.S. trade deal......»»

Category: topSource: reutersJan 17th, 2020

Dollar slips to nine-week low on safe-haven yen as Mideast tensions flare

The Japanese yen led other safe-haven assets higher on Friday after U.S. air strikes on Baghdad airport killed a senior Iranian military official, stoking tensions in the Middle East and lifting the price of oil......»»

Category: topSource: reutersJan 3rd, 2020

WTI Slips From 12-Week Highs After Surprise Crude Inventory Build

WTI Slips From 12-Week Highs After Surprise Crude Inventory Build Oil prices held near three-month highs today, helped by OPEC+ p.....»»

Category: blogSource: zerohedgeDec 10th, 2019

Oil slips after U.S. crude build and record production

Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week, while gasoline stocks surged and production hit another record......»»

Category: topSource: reutersNov 27th, 2019

Crude Price Gives Up Gains After Large Stockpile Build

The U.S. commercial crude oil inventory rose by nearly 8 million barrels last week and oil prices are sliding as a result......»»

Category: blogSource: 247wallstNov 6th, 2019

U.S. oil benchmark up 2.7% after drop in weekly rig count

Oil futures extended gains Friday after data showed the number of U.S. rigs drilling for crude fell this week. West Texas Intermediate crude for December delivery rose $1.44, or 2.7%, to $55.62 a barrel, trimming the U.S. benchmark's weekly.....»»

Category: topSource: marketwatchNov 1st, 2019

Oil slips on cloudy U.S.-China trade picture

Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, competed with a price-supporting drop in U.S. crude inventories......»»

Category: topSource: reutersOct 30th, 2019

Crude Price Rises as Inventory Levels Fall for First Time in 6 Weeks

The U.S. crude oil inventory dropped last week as did stockpiles of gasoline and diesel fuel. But the decline is having only a moderate effect on the crude oil market......»»

Category: blogSource: 247wallstOct 23rd, 2019

Oil Price Holds Firm Despite Massive Stockpile Increase

The U.S. crude oil stockpile rose by more than 9 million barrels last week but the impact of the huge increase was partially offset by large declines in gasoline and distillate inventories......»»

Category: blogSource: 247wallstOct 17th, 2019