Oil slipped below $74 a barrel on Wednesday, pressured by an industry report that U.S. stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more Continue Reading
The American Petroleum Institute (API) reported a crude oil inventory build of 5.59 million barrels of United States crude oil inventories for the week ending July 28, compared to analyst Continue Reading
Oil prices fell on Tuesday, closing out the largest monthly decline in two years on supply worries after OPEC output reached a 2018 high in July, overshadowing reports that the Continue Reading
A series of second quarter earnings reports over the past two weeks has revealed surging profits across the oil industry, with some companies posting earnings that are double or triple Continue Reading
Basic supply and demand dynamics, coupled with short-term market disruptions, mean U.S. retail gas prices are climbing once again, retail analysts said. Motor club AAA reported a national average retail Continue Reading
Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, as oversupply concerns rose after a Reuters survey showed OPEC output rose in Continue Reading
Iranian pressure and supply-side concerns surfaced before the opening bell on Monday to push the price of crude oil higher, after some profit taking last week. The price of oil Continue Reading
Oil prices rose on Monday, with U.S. crude futures jumping more than 2 percent, as traders continued to focus on supply disruptions and a possible hit to crude output from Continue Reading
Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System U.S. energy expenditures declined for the fifth consecutive year, reaching $1.0 trillion in 2016, a 9% decrease Continue Reading
Crude oil futures were stable to marginally higher during mid-morning trade in Asia Monday, as the market awaits fresh fundamental drivers to provide price direction while supply side concerns continue Continue Reading
