crude oil prices

Saudi Arabia Takes Brunt of New OPEC Restrictions

It's no secret that the production cuts initiated in January by the Organization of Petroleum Exporting Countries (OPEC), Russia and their allies have done little to raise the price of crude ...
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Oil Rig Count Up by 393 From Year Ago; Crude Oil Price Inches Higher

The number of rigs drilling for oil in the United States in the week ended July 21 totaled 764, up by 393 from a year ago. Including 186 other rigs ...
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U.S. Gas Prices Could Top 2017 High by End of Summer

The national average price for a gallon of regular gasoline Thursday morning is $2.28 a gallon, but that price could rise by more than 10 cents a gallon by the ...
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Crude Oil Price Hops Higher on Big Inventory Drop

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 4.7 million barrels last week, maintaining a total ...
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Crude Oil Price Rises Ahead of Inventory Report as Dollar Falls

On Wednesday the U.S. Energy Information Administration (EIA) will report the status of the country's commercial inventories of crude oil and refined petroleum products. Oil traders are behaving Tuesday as ...
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EIA: Shale Patch Production to Climb 113,000 Barrels a Day in August

The U.S. Energy Information Administration (EIA) on Monday released its July report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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Dallas Fed Report Mixed on Permian Basin

Last week the Federal Reserve Bank of Dallas issued a brief summary report on employment, production, and new drilling in the Permian Basin of West Texas. In general, the report ...
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BJ Services Gears Up for IPO

BJ Services registered an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). There were no pricing details mentioned in the filing, but ...
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Oil Rig Count Rises by 2, Crude Oil Price Dips

In the week ended July 14, 2017, the number of rigs drilling for oil in the United States totaled 765, up by two compared with the prior week and up ...
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What Occidental’s Dividend Hike Means For Its Oil & Gas Rivals

Oil remains stuck under $50 per barrel in the summer of 2017. The grand recovery helped the oil giants in 2016, but the oil price recovery seems to have already ...
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Short Sellers Back Off Major Oil

Crude oil had traded above $50 a barrel before early March, and recently it has taken a big step back. This was once thought as a support level, but after ...
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Crude Oil Bounced Once, Then Sank Following Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 7.6 barrels last week, maintaining a total U.S. ...
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Oil Rig Count Rises by 7, Sending Crude Prices Tumbling

In the week ended July 7, 2017, the number of rigs drilling for oil in the United States totaled 763, up by seven compared with the prior week and up ...
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Barclays Slashes Many Top Oil & Gas Players’ Bullish Expectations

On a day in which a draw in crude is bolstering oil prices, one key research downgrade is keeping a lid on some of the gains that might have otherwise ...
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Crude Oil Price Jumps on Big Drops in Crude, Gasoline Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the Independence Day holiday. U.S. commercial crude inventories decreased ...
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