The American Petroleum Institute (API) reported on Wednesday a major draw in crude oil inventories of 5.421 million barrels for the week ending October 9. Analysts had predicted an inventory Continue Reading
Oil rose to its highest in nearly a week amid a weaker dollar and expectations for supply declines in U.S. inventories. Crude futures gained 2.1% in New York, while the Bloomberg Continue Reading
Natural-gas futures soared to levels not seen in more than seven quarters this week, as colder weather in the latest round of forecast data suggests energy demand is set to Continue Reading
Crude oil futures edged lower in mid-morning trade in Asia Oct. 14 as comments dashing hopes of an extension to the current OPEC+ production cut countered strong China import data Continue Reading
Oil held near $40 a barrel in New York as the IEA cautioned on a fragile outlook and hopes for more U.S. fiscal stimulus faded. OPEC+ plans to boost production in Continue Reading
Oil advanced after data showing a rise in China crude imports signaled strengthening demand. (Bloomberg) — Oil advanced after data showing a rise in China crude imports signaled strengthening demand, Continue Reading
The international oil benchmark Brent Crude will likely range-trade in the $40 to $43 a barrel band until after the U.S. election on November 3, according to OCBC Bank. “We Continue Reading
Oil prices rebounded on Tuesday, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed. Brent Continue Reading
Crude oil futures were steady during mid-morning Asian trade Oct 13, maintaining overnight losses, as production capacity in the US Gulf of Mexico started to come back online, heightening concerns Continue Reading
Oil edged higher as data showed Chinese crude imports rose last month. Futures in New York rose around 1.3% toward $40 a barrel. Chinese crude imports climbed 2.1% in September Continue Reading
