crude oil prices

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Gas Remains Above $3 in 7 States

The cost of gasoline is still low compared to a year ago and has flattened recently at about $2.76 for the average price for a gallon of regular nationwide. However, there are ...
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Crude Oil Price Dips as Inventory Climbs

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.4 million barrels last week, maintaining a total U.S. commercial ...
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Oil drilling rig

Total US Rig Count Rises as Oil Rigs Drop 3

In the week ended June 26, the number of rigs drilling for oil in the United States totaled 628, compared with 631 in the prior week and 1,558 a year ...
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oil-jack-pumps

Major Oil Short Interest Gaining Momentum

The short interest data have been released for the June 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Crude Oil Price Slips as Inventory Declines Continue

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.9 million barrels last week, maintaining a total U.S. commercial ...
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Oil drilling rig

Hedge Funds Cut Exposure to Oil as Drilling Rig Count Slips

In the week ended June 19, the number of rigs drilling for oil in the United States totaled 631, compared with 635 in the prior week and 1,545 a year ...
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Crude Oil Price Slips on Gasoline Surplus, Lower Demand From Refiners

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.7 million barrels last week, maintaining a total U.S. commercial ...
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Oil drilling rig

Hedge Funds Add to Short Positions as Drilling Rig Count Dips Again

In the week ended June 12, the number of rigs drilling for oil in the United States totaled 635, compared with 642 in the prior week and 1,542 a year ...
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Chesapeake Loses One of Its Biggest Bulls

Chesapeake Energy Corp. (NYSE: CHK) is under fire by analysts. Oppenheimer is downgrading this oil company due to its growing losses and its cash flow deficit. The firm is also ...
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Oil Tanker

IEA Reports Crude Supply Still Outstrips Demand

The International Energy Agency (IEA) issued its monthly Oil Market Report on Thursday morning. In the June report, the IEA said that May’s global crude oil supplies fell by 155,000 ...
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Crude Oil Gains on Weaker Dollar, Large Draw on Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 6.8 million barrels last week, maintaining a total U.S. commercial ...
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Flag of OPEC

OPEC Market Strategy Boosting Crude Oil Price

The Organization of Petroleum Exporting Countries (OPEC) released its June Oil Market Report Wednesday morning and the cartel left unchanged its forecast that demand will rise by 1.18 million barrels ...
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Gulfport Announces Pricing for Secondary Offering

Gulfport Energy Corp. (NASDAQ: GPOR) is in the process of raising capital for its shale operations. The company plans to go about this is through a secondary offering. The company ...
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Railroad Oil Tank Cars

Short Sellers Become Very Selective in Big Oil Stocks

The short interest data have been released for the May 29 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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EIA Cuts 2015 Average Price for a Barrel of Brent Crude Oil

In the monthly update to its Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) on Tuesday lowered its estimated average price for Brent crude oil by $0.26 a barrel ...
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