Oil prices under pressure from rising U.S. inventories, output
Oil prices were broadly steady on Thursday but still set to slip over the week for the second time in a row against a backdrop of rising U.S. crude production Continue Reading
Oil prices fall on trade war fears, inventory gains
U.S. crude oil and stock index figures shifted lower Wednesday amid global market fears on a trade war, the resignation of President Donald Trump ‘s chief economic adviser and rising Continue Reading
Oil prices fall with Wall Street and as U.S. crude output, stocks rise
Oil prices tumbled on Wednesday as financial markets slid amid concerns that Washington’s plans for import tariffs could spark a trade war, and after U.S. government data showed an increase Continue Reading
Oil caught in broader market downdraught as concern grows over U.S. trade
Oil fell on Wednesday, in line with a broad decline on global financial markets, after a key advocate for free trade in the U.S. government resigned, feeding concern that Washington Continue Reading
Oil futures settle nearly flat ahead of weekly US inventory data
Oil futures were little changed Tuesday, tracking US stock market fluctuations in positive and negative territory as traders await further signs on the White House’s direction on trade policy. US Continue Reading
Oil Prices Fall After API Reports Major Crude Build
The American Petroleum Institute (API) reported a huge build of 5.661 million barrels of United States crude oil inventories for the week ending March 2, according to the API data. Continue Reading
What’s Driving Oil Prices Back Up?
The IEA warned that the oil industry was not investing enough in new supply, a problem that could become clear in the 2020s. – Spending on conventional oil fields jumped Continue Reading
The U.S. Oil and Gas Industry Is Howling About Donald Trump’s Steel Import Tariffs
The $4.75 per gallon sign I saw at a gas station on Santa Monica Boulevard two weeks ago still stings, even though the price has since dropped to $3.90. (A Continue Reading
Oil inches up on strong demand forecasts, OPEC-led output cuts
Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement to cut output to bolster Continue Reading
Oil prices rise on forecasts for growing demand, OPEC concerns
Crude prices rose on Monday along with the U.S. stock market on forecasts for robust oil demand growth and concerns that output from OPEC producers would grow at a much Continue Reading