The American Petroleum Institute (API) reported a crude oil inventory draw of 4.5 million barrels for the week ending December 28, compared to analyst expectations that we would see a Continue Reading
Oil prices rose more than one percent on Thursday in a session of volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns Continue Reading
Oil prices will remain volatile this year but within range, Moody’s said in its annual report on the oil and gas industry. The top factor to watch in 2019 would Continue Reading
President Trump boasted of low gasoline prices on Wednesday, taking credit for the recent market meltdown. “People see the job we’re doing. People see that gasoline is way down. And Continue Reading
Gasoline prices at the pump are at more than a year’s low, but this may change in the coming months, according to the head of petroleum analysis at GasBuddy, Patrick Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Thursday as tech stocks tumbled after Apple revised its Q1 earnings guidance downwards. Meanwhile, concerns over the economic slowdown and Continue Reading
Oil prices fell on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are Continue Reading
Oil prices rose about 2 percent in choppy trading on Wednesday, supported by a slight recovery on Wall Street, even as concerns remained about weakening global economic growth which could Continue Reading
U.S. Gulf Coast crude grades rose on Wednesday as the WTI-Brent spread widened and as a new report showed oil stockpiles in Texas shrank over the past week, traders said. Continue Reading
The answer the president was fishing for, of course, was “no” and that he was responsible. In a decidedly backhanded compliment , Mr. Bordoff agreed in his own tweet that Continue Reading
