Oil prices jump on U.S. crude stocks fall, major refinery outage
Oil prices hit their highest level in nearly a month on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed Continue Reading
Large Crude Inventory Draw Bolsters Prices
The American Petroleum Institute (API) reported a large crude oil inventory draw of 7.55 million barrels for the week ending June 20, but still coming in over analyst expectations of Continue Reading
Middle East Tensions Move Oil Prices Higher
Oil prices climbed higher on Tuesday as investors shifted focus from trade war worries to the growing tension between Iran and the United States. (Click to enlarge) (Click to enlarge) Continue Reading
Oil prices mixed ahead of U.S. crude stock data
Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing investors’ concerns that U.S.-China trade tensions could dampen fuel demand. barrel. U.S. crude Continue Reading
Crude oil futures lower on Russia’s comments, awaits G20 meet
Crude oil futures were lower during mid-morning trade in Asia Tuesday after Russia indicated some uncertainty around OPEC and its allies extending their production cut agreement, while market participant At Continue Reading
Oil prices in balance between demand worries, U.S.-Iran tensions
Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran. Benchmark Brent crude Continue Reading
A Leader of America’s Fracking Boom Has Second Thoughts
Like many shale companies, Pioneer was pumping a lot but making little. It was spending hundreds of millions more than budgeted as it strained to meet a goal Mr. Sheffield Continue Reading
Refinery Fire Brings High Summer Gas Prices
A fire at the largest refinery on the U.S. East Coast sent gasoline prices soaring, threatening to raise pump prices from Delaware to Maine just as American drivers get set Continue Reading
Oil prices up on U.S.-Iran tensions
Oil prices rose on Monday, extending vast gains last week prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran. Brent Continue Reading
Crude oil futures higher amid escalating tensions in the Middle East
Crude oil futures were higher during mid-morning trade in Asia Monday as tensions in the Middle East heightened following an attack on a Saudi airport on Sunday. At 11:25 am Continue Reading