Oil stayed in its recent tight range after Hurricane Laura swept the U.S. energy heartland without appearing to inflict major damage on key infrastructure. Futures in New York were steady Continue Reading
Oil held at a five-month high as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast and an industry report added to optimism that American energy Continue Reading
Oil prices steadied on Wednesday, pressured by worries about the demand outlook during the coronavirus pandemic but buoyed as U.S. producers shut output in the Gulf of Mexico ahead of Continue Reading
Crude oil price rallied further today after the Energy Information Administration reported a crude oil inventory draw of 4.7 million barrels for the week to August 21. At 507.8 million Continue Reading
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.524 million barrels for the week ending August 21. Analysts had predicted an inventory draw Continue Reading
Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home Continue Reading
Oil rallied and gasoline surged to a five-month high as energy companies suspended offshore operations and refiners shuttered Gulf Coast plants with Tropical Storm Laura expected to strengthen into a Continue Reading
Crude oil futures were mixed in midmorning trade in Asia on Aug. 25 as WTI gave up more of its previously priced-in gains on a weaker-than-expected Tropical Storm Marco over Continue Reading
Crude oil futures were steady in mid-morning trade in Asia Aug. 24 as investors await fresh cues on demand and supply, including the OPEC+ compliance adjustments, and amid uncertainty over Continue Reading
It’s been disheartening for the bulls that oil prices have failed to break out over the past few weeks despite a flurry of positive news including declining inventories and reports Continue Reading
