crude oil prices

Crude Oil Price Crumbles as Inventory Surges

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 4.6 million barrels last week, maintaining a total ...
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Oil Rig Count Drops by 7, Total Rigs Now Up 430 Year Over Year

In the week ended September 15, 2017, the number of rigs drilling for oil in the United States totaled 749, down by seven compared with the prior week and up ...
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Crude Oil Price Ticks Up Following EIA Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 5.9 million barrels last week, maintaining a total ...
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Short Sellers Run for Cover From Major Oil

Crude oil had traded above $50 a barrel in the first quarter of this year. Afterward it took a big step back. It recently has flirted with the $50 price ...
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Oil Rig Count Drops by 3, Total Rigs Now Up 436 Year Over Year

In the week ended September 8, 2017, the number of rigs drilling for oil in the United States totaled 756, down by three compared with the prior week and up ...
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Crude Oil Price Barely Blinks Following EIA Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories increased by 4.6 million barrels last week, maintaining a total ...
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Harvey, Labor Day Holiday Could Push US Gasoline Prices Higher

Gasoline shortages that can be attributed to tropical storm Harvey will begin to appear in other parts of the United States by Friday, pushing pump prices higher as the Labor ...
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Crude Oil Price Sinks as Inventory Drop Is Offset by Gasoline Stockpile

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 5.4 million barrels last week, maintaining a total ...
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Oil Rig Count Slips by 4, Total Now Up 451 Year Over Year

In the week ended August 25, 2017, the number of rigs drilling for oil in the United States totaled 759, down by four compared with the prior week and up ...
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Major Oil Short Interest Backs Off

Crude oil had traded above $50 a barrel before early March. Afterward it took a big step back. It recently was above $50 but quickly recoiled. This was once thought ...
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Tropical Storm Harvey Takes Aim at Gulf Coast Refineries

U.S. oil refineries have been processing more than 17 million barrels of oil a day for the past several weeks. More than half that total, about 9.4 million barrels a ...
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Crude Oil Price Bounces Higher as Inventory Dips

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 3.3 million barrels last week, maintaining a total ...
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Oil Rig Count Slips by 5, Total Now Up 455 Year Over Year

In the week ended August 18, 2017, the number of rigs drilling for oil in the United States totaled 763, down by five compared with the prior week and up ...
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Crude Oil Price Flat After Inventory Decline on Strong Export Volume

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 8.9 million barrels last week, maintaining a total ...
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EIA: Shale Patch Production to Climb 117,000 Barrels a Day in September

The U.S. Energy Information Administration (EIA) on Monday released its August report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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