crude oil prices

Oil Barrels

Crude Oil Price Jumps on Inventory Drawdown

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.1 million barrels last week, maintaining a total U.S. commercial ...
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Pumpjack

Major Oil Short Interest Makes Massive Surge

The short interest data have been released for the June 15 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest ...
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fracking

Oil Rig Count Fell by 7 Last Week, Hedge Funds Bet Wrong on Brexit

In the week ended June 24, the number of rigs drilling for oil in the United States totaled 330, down by 7 compared with the prior week and a total ...
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Oil Barrels

Crude Oil Price Turns Lower on Small Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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oil field sunset

Exxon Adds $45 Billion to Market Cap

Exxon Mobil Corp. (NYSE: XOM) closed 2015 with a share price of $77.97, down from a closing price of $92.45 at the end of 2014. The company's market cap dropped ...
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fracking

Oil Rig Count Rose by 9 Last Week, Hedge Funds Pile Up Short Contracts

In the week ended June 17, the number of rigs drilling for oil in the United States totaled 337, up by nine compared with the prior week and a total of ...
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oil tanker

Has $800 Billion in Oil Simply Disappeared?

By one count, some 3 billion barrels of crude oil valued at about $840 billion have gone missing since the end of 2014. Adding in oil-equivalent barrels of natural gas, ...
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Oil Barrels

Crude Oil Price Skips Higher on Inventory Drawdown

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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Pumpjack

Oil Rig Count Rose by 3 Last Week, Some Hedge Funds Going Very Long

In the week ended June 10, the number of rigs drilling for oil in the United States totaled 328, up by three compared with the prior week and a total of ...
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Pumpjack

Short Interest Continues to Back Off on Major Oil

The short interest data have been released for the May 31 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest ...
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Oil Barrels

Crude Oil Price Holds Gain After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 3.2 million barrels last week, maintaining a total U.S. commercial ...
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Oil pumps

EIA Says May Crude Production Down 1 Million Barrels a Day

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short Term Energy Outlook. The agency raised its average summer driving season price for a gallon ...
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Nat Gas Field

Is Oil or Natural Gas Driving Chesapeake Stock?

Shares of beleaguered Chesapeake Energy Corp. (NYSE: CHK) traded up nearly 8% late Monday morning, and the rise in crude oil prices probably will get most of the credit. In fact, ...
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Pumpjack

What $50 Oil Means

Last Friday's rig count report from Baker Hughes showed the first meaningful gain in the number of U.S. onshore rigs since last August. Producers added nine new rigs in the ...
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oil tanker

8 Big Oil and Gas Analyst Upgrades and Downgrades Too Big to Ignore

West Texas Intermediate crude closed out the week at $48.62, down 33 cents on Friday. The price of crude bumped up against $50 on two occasions on Tuesday, May 31, ...
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