The American Petroleum Institute (API) reported a surprise crude oil inventory draw this week, of 1.545 million barrels for the week ending November 16. The draw this week was the Continue Reading
Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was Continue Reading
“After the United States, Saudi Arabia is the largest oil-producing nation in the world,” Mr. Trump said in a statement. “They have worked closely with us and have been very Continue Reading
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability, the head of the International Energy Agency said on Tuesday. “We are entering an unprecedented period of Continue Reading
Goldman Sachs said in a note on Wednesday that it expects oil markets to remain highly volatile in the coming weeks. Oil markets clawed back some ground on Wednesday after Continue Reading
Oil production in North Dakota. Prices have fallen to their lowest levels of the year with traders increasingly focused on trade tensions and rising interest rates. Jim Wilson/The New York Continue Reading
Oil prices are off 25 percent from their four-year highs reached in early October, after the massive sell-off that began later that month which dragged crude oil squarely into bear Continue Reading
Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new Continue Reading
Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production Continue Reading
Hedge fund managers have exited from all the bullish positions in crude oil and fuels they accumulated in the second half of 2017 as the bull market has unwound. Upside Continue Reading
