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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......»»
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........»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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.....»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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.....»»
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......»»
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......»»
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.....»»
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......»»
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......»»
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......»»