Nationwide supplies gained 897,000 barrels last week: API Crude prices to climb to new highs in coming months: Andurand Oil traded below $50 a barrel in New York amid conflicting Continue Reading
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC’s Continue Reading
Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate the drawdowns in crude oil stocks, Continue Reading
The price for a gallon of gasoline in the United States is on the increase and could move higher as summer demand figures into market metrics, analysis finds. Motor club Continue Reading
U.S. inventories probably fell 1.95 million barrels last week Russia’s Novak will meet nation’s oil bosses on OPEC-led deal Oil halted a six-day slide before U.S. government data that’s forecast Continue Reading
Oil prices retreated Monday, as growing U.S. production and other signs of global oversupply keep thwarting a widely-expected rally. Monday’s downturn from overnight gains is the latest sign oil may Continue Reading
Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a relentless Continue Reading
Oil prices took another dip on Monday, and with WTI down to $49 per barrel, crude oil has given up most of the gains that it had made so far Continue Reading
Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a relentless Continue Reading
Committee said to conclude March compliance at 98%: delegate U.S. dollar weakens versus euro after French election results Oil rose for the first time in six days as an OPEC-led Continue Reading
