crude oil prices

Oil Barrels

Crude Oil Price Dips on Record Inventory Levels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.5 million barrels last week, maintaining a total U.S. commercial ...
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fracking drilling

EIA: Drilling Productivity to Climb 80,000 Barrels a Day in March

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

Oil Rig Count Rises by 8, Hedge Funds Went Net Short Last Week

In the week ended February 10, 2017, the number of rigs drilling for oil in the United States totaled 591, up by eight compared with the prior week and up 152 compared ...
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OECD

IEA Oil Market Reports Pushes Crude Prices Higher

In its monthly Oil Market Report for January released Friday morning, the International Energy Agency (IEA) said that global crude supplies plummeted by 1.5 million barrels per day, primarily due to ...
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oil tanker

Short Sellers Run for Cover From Major Oil

Since Trump has taken the White House, crude oil has been trading above $50, and it seems to have solidified at this price level, which is a step in the ...
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Oil Barrels

Crude Oil Price Tumbled Early on Massive Addition to US Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 13.8 million barrels last week, maintaining a total U.S. commercial ...
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falling oil prices

Crude Oil Drops 2% Ahead of Storage Report

A barrel of West Texas Intermediate (WTI) crude oil for March delivery fell to below $52 on the NYMEX Exchange Tuesday morning. Following four consecutive weeks of relatively large additions ...
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hundred dollar bill

Crude Oil Prices: $70 Is the New $100

When Saudi Arabia persuaded its fellow OPEC members in December 2014 to produce more oil as a response to the falling price of crude, the idea was to drive out ...
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fracking

Oil Rig Count Jumps by 17, Hedge Funds Boost Long Bets

In the week ended February 3, 2017, the number of rigs drilling for oil in the United States totaled 583 up by a 17 compared with the prior week and up ...
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Oil Barrels

Crude Oil Price Ignores Inventory Growth, Believes in OPEC Cuts

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 6.5 million barrels last week, maintaining a total U.S. commercial ...
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Pump Jacks Against at Dusk

US Crude Production Up 100,000 Barrels a Day in November

In its monthly report on crude oil and natural gas production released Tuesday, the U.S. Energy Information Administration (EIA reported November crude oil production of 8.904 million barrels, up 2.7% ...
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Oil platform on sea

Why Noble Tanked Into Key Analyst Upgrade When Rowan Was Downgraded

Most analysts probably would prefer for their stocks being upgraded to rise rather than fall on the news. In the oil patch, the daily whims of oil prices actually may ...
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fracking

Oil Rig Count Jumps by 15, Hedge Funds Going Long and Longer

In the week ended January 27, 2017, the number of rigs drilling for oil in the United States totaled 566, up by a 15 compared with the prior week and ...
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natural gas pipeline

Why Credit Suisse Sees Big Upside From Williams

Williams Companies Inc. (NYSE: WMB) has had a wild ride during the time that oil prices tanked and came rushing back. Despite being up close to 200% from its lows, ...
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oil tanker

Short Interest Slides in Major Oil Stocks

Since the election was decided with Trump taking the White House, short interest for major oil stocks is now more important than ever to follow. Recently, crude oil has flirted ...
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