Crude Oil Price Jumps on Inventory Drawdowns
U.S. petroleum inventories fell by modest amounts last week but the declines pushed crude oil prices to a high of more than $68 a barrel, a price last seen in late 2014.
U.S. petroleum inventories fell by modest amounts last week but the declines pushed crude oil prices to a high of more than $68 a barrel, a price last seen in late 2014.
The U.S. commercial crude oil inventory rose by a surprising 3.3 million barrels last week, but after a quick dip in the price, futures rose sharply again.
Crude oil prices cut their losses slightly following the inventory report from the U.S. Energy Information Administration. Investors and traders are grappling with tariffs today, and petroleum inventory changes are taking a…
The U.S. commercial crude oil inventory rose by more than 1 million barrels last week, but stockpiles of gasoline and diesel fuel dropped.
The U.S. crude oil inventory dropped unexpectedly last week and combined with tensions over supplies from the Middle East, crude prices have pushed higher Wednesday.
The U.S. commercial crude oil inventory rose slightly less than expected last week. Gasoline and diesel fuel inventories fell, likely due to a large increase in refined products exports.
U.S. commercial crude oil inventories increased by 3 million barrels last week, about a third more than expected. Gasoline inventories also rose.
U.S. commercial crude oil stockpiles unexpectedly dropped last week, pushing the price of crude higher following the EIA inventory report.
The U.S. crude oil stockpile grew less than expected this week, but gasoline inventories rose more than expected and exports jumped by 500,000 barrels a day.
The U.S. Energy Information Administration reported Wednesday that stockpiles of crude oil, gasoline, and distillates like diesel fuel and heating oil rose sharply last week.
U.S. commercial crude oil inventories increased by more than 6 million barrels last week as production continues to rise, more than offsetting increases in exports of both crude oil and refined products.
Even though U.S. crude oil declined by a smaller-than-expected amount, prices rose to more than $65 a barrel for WTI.
The U.S. crude oil inventory dipped by nearly 7 million barrels last week, but gasoline inventories, crude oil production and both crude oil and refined product exports rose sharply.
U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.