Oil closed higher on a surprise decline in U.S. crude inventories, but gains were limited with increased gasoline and diesel supplies underscoring weaker fuel demand. Futures in New York rose Continue Reading
Crude futures settled higher Dec. 16 on the heels of a larger-than-expected US crude inventory draw. Not registered? NYMEX January WTI settled 20 cents higher at $47.82/b and ICE February Continue Reading
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 11. The report came out Continue Reading
Oil prices, defined as an average of Brent , West Texas Intermediate , and Dubai prices , are expected to rise to an average of $44 per barrel next year Continue Reading
Oil market optimism risks derailing its own recovery, with the recent rise in crude prices above $50/b possibly harming demand and incentivizing additional supply. Hopes that vaccines will revive the Continue Reading
U.S. drivers are facing the highest pump prices in two months, a consequence of the costlier crude oil used to make the fuel. Domestic retail gasoline averaged $2.19 a gallon on Continue Reading
Crude oil prices remained rangebound during midmorning trade in Asia Dec. 16 as the American Petroleum Institute’s report of a build in crude and product inventories tempered any bullishness from Continue Reading
Oil slipped from its highest level in almost 10 months after an industry report pointed to an increase in U.S. crude stockpiles, taking some of the steam out of a Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 1.973 million barrels for the week ending December 11. Analysts had predicted an inventory draw Continue Reading
Oil inched up as the market weighed the risks of toughening restrictions in New York and London ahead of a widely available vaccine. Futures closed at a fresh nine-month high Continue Reading
