As oil prices continues to fall, the American Petroleum Institute (API) reported a draw of 2.028 million barrels of United States crude oil inventories for the week ending June 1, Continue Reading
Oil rose for the first time in four sessions as traders braced for a U.S. government report that’s expected to show sliding domestic crude stockpiles. Futures rose 1.2 percent in Continue Reading
Oil prices slid early on Tuesday, as reports of the U.S. asking OPEC to lift oil production and hedge funds boosting their short positions added to bearish sentiment. Rising geopolitical Continue Reading
NYMEX July natural gas futures extended Monday’s fall in early Tuesday trading, easing back towards the $2.90/MMBtu mark, after having nudged $3/MMBtu Monday morning. The NYMEX July contract was seen Continue Reading
U.S. retail gasoline prices are pulling back in line with declines in crude oil prices, but continue to put a crimp on people’s wallets, analysts said. Motor club AAA lists Continue Reading
Oil prices fell to the lowest point since early April as traders anticipated growing domestic and global crude supplies. U.S. light, sweet crude for July delivery fell 1.6% to $64.75 Continue Reading
Brent crude futures eased on Tuesday, giving up early gains, as investors weighed the chances that global supply will increase substantially if OPEC decides this month to raise output, just Continue Reading
Oil prices fell to the lowest point since early April as traders anticipated growing domestic and global crude supplies. U.S. light, sweet crude for July delivery fell 1.6% to $64.75 Continue Reading
Oil producers should not be complacent with burgeoning oil prices. This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. The auto-industry Continue Reading
Despite the recent sell-off, Brent Crude prices continue to be supported by geopolitical events and supply concerns, while the U.S. benchmark WTI Crude has been pressured to the downside by Continue Reading
