crude oil prices

Oil Barrels

Crude Oil Price Softens as Crude, Gasoline Stockpiles Rise

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.8 million barrels last week, maintaining a total U.S. commercial ...
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Oil rig

Oil Rig Count Drops by 11, Hedge Funds Still Exiting Short Positions

In the week ended April 29, the number of rigs drilling for oil in the United States totaled 332, compared with 343 in the prior week and 679 a year ...
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oil tanks

Oil Markets: Driven by Fundamentals or Speculation?

Brent crude oil for July delivery traded as high as $48.29 on Friday before dropping to below $47 a barrel on various reports that OPEC production had increased in April. ...
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Oil Barrels

Crude Oil Price Gains Dip Following Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2 million barrels last week, maintaining a total U.S. commercial ...
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oil tanker

Short Sellers Can’t Make Up Their Minds on Major Oil

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

Gas Prices Move Up on Higher Demand

The average price across the United States for a gallon of regular gasoline last week rose two cents to $2.14, as of Monday morning. Diesel fuel prices also rose to an ...
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fracking

Oil Rig Count Drops by 8, Hedge Funds Dump More Short Contracts

In the week ended April 22, the number of rigs drilling for oil in the United States totaled 343, compared with 351 in the prior week and 703 a year ...
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Oil pumps

Nomura Analysts Answer Investors’ Energy Questions

Energy markets have been getting a large share of media coverage and analyst attention for a long time now. And what seems to be the constant in all the time ...
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Oil platform on sea

No Oil Production Cuts From Russia, Saudi Arabia

Even if there had been some agreement last week at the Doha meeting of oil-producing countries, it would not have made any significant difference in global production totals. At best ...
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Oil Barrels

Crude Oil Prices Cut Losses on Smaller Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.1 million barrels last week, maintaining a total U.S. commercial ...
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Pumping Gas

Why Higher Gas Prices Should be Short-Lived

The average price across the United States for a gallon of regular gasoline last week jumped 6.8 cents to $2.12, as of Monday morning. Diesel fuel prices fell to an ...
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Oil worker

Oil Prices Whipsawed by Doha Failure, Kuwaiti Strike

Oil field workers in Kuwait walked off their jobs Sunday, cutting production from the country by 60%. The strike was timed to coincide with the producing nations' meeting taking place ...
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falling oil prices

Will Oil Prices Drop to $20?

It was only four months ago that several prominent analysts said oil would drop as low as $20 a barrel. The recent run-up in prices had turned them into fools. However, ...
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Oil platform on sea

6 Oil and Gas Stocks Analysts Want You to Buy Now

With crude oil having closed out the week of April 15 still above $40 per barrel, there is more hope that the worst has been seen in the energy sector. ...
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fracking

Oil Rig Count Drops by 3, Hedge Funds Go Long

In the week ended April 15, the number of rigs drilling for oil in the United States totaled 351, compared with 354 in the prior week and 734 a year ...
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