crude oil prices

153715598

Crude Oil Price Tops $48 on Huge Inventory Draw

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.2 million barrels last week, maintaining a total U.S. commercial ...
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467094355

Short Sellers Become More Selective in Major Oil

The short interest data have been released for the July 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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100949576

6 Oil and Gas Stocks Analysts Want You To Buy Now

Earnings season is well underway, Greece may be closer to being resolved, and China and Iran are being factored into the markets. Still, the S&P 500 slid 2.2% this last ...
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Oil drilling rig

U.S. Oil Rig Count Adds 21 Last Week, Largest Increase This Year

In the week ended July 24th, the number of rigs drilling for oil in the U.S. totaled 659 compared with 638 in the prior week and 1,562 a year ago. ...
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186723229

Ahead of Earnings, Is Exxon or Chevron a Better Value?

Before markets open next Friday, Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) are scheduled to report second-quarter earnings. The two U.S.-based super-major integrated oil companies have had ...
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Earns ExxonMobil

Should Goldman Sachs Have Added Exxon Mobil to the Conviction Buy List?

Exxon Mobil Corp. (NYSE: XOM) is one of the standout oil stocks on Wednesday. The reason is not the dollar or higher oil prices, nor is that oil is looking ...
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153715598

Crude Oil Price Struggles to Hold Above $50 After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.5 million barrels last week, maintaining a total U.S. commercial ...
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186723229

Will Strategic Petroleum Reserve Be Tapped to Pay for a Highway Bill?

It has been said that watching politics behind the scenes can be like watching how they make sausage at the sausage factory. Sometimes you just might not like what you ...
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186723229

WTI Crude Drops Below $50 a Barrel

WTI crude oil for August delivery fell to a daily low of $49.93 on Monday afternoon, the first time since early April that WTI crude has fallen that low. The ...
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Oil drilling rig

US Oil Rig Count Drops With Lower Prices

In the week ended July 17, the number of rigs drilling for oil in the United States totaled 638, compared with 645 in the prior week and 1,554 a year ...
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153715598

Crude Oil Price Slips on Iran Deal, Not Lower Inventory

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.3 million barrels last week, maintaining a total U.S. commercial ...
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Flag of OPEC

OPEC Forecasts Crude Oil Demand Growth for 2015 and 2016

The Organization of Petroleum Exporting Countries (OPEC) released its July Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth by 100,000 barrels a ...
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Oil spill

Short Sellers Become More Selective in Major Oil

The short interest data have been released for the June 30 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Oil drilling rig

US Adds More Oil Rigs Despite Low Crude Prices

In the week ended July 10, the number of rigs drilling for oil in the United States totaled 645, compared with 640 in the prior week and 1,563 a year ...
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Oil Tanker

IEA Expects Global Demand Drop

The International Energy Agency (IEA) expects a perfect storm will push down oil prices. Global demand will fall, just as OPEC production rises. Oil prices, now below $60, could make ...
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