Crude Oil Price Dips on Record Inventory Levels
U.S. crude oil prices dropped below $53 barrel following a jump of more than 9 million barrels in the country's inventory, the highest total since records began being kept in 1982.
U.S. crude oil prices dropped below $53 barrel following a jump of more than 9 million barrels in the country's inventory, the highest total since records began being kept in 1982.
U.S. gas prices are about to begin a steady march higher as refiners being spring maintenance programs and production of more expensive summer-grade fuel.
If you were buying oil services this time last year, you had either years of experience in the sector, were a deep value investor with a very long time line, or you plain and…
The US Energy Information Administration reported Monday that crude oil production in seven major onshore oil plays is set to rise by 80,000 barrels a day in March. Crude prices dropped nearly 2%.
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US crude oil inventories grew by a massive 13.8 million barrels last week on lower refinery runs. Gasoline inventories fell, but lower refinery usage was likely the cause of this as well.
WTI crude oil dropped below $52 a barrel Tuesday ahead of tomorrow's inventory report from the U.S. Energy Information Administration.