crude oil prices

US Oil Rig Count Falls by 2, November Delivery Price Moves Higher

In the week ending September 21, 2018, the number of land rigs drilling for oil in the United States totaled 866, a one fewer than in the previous week and ...
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Morgan Stanley Sees Huge Upside for Oil Services in 2019 and 2020

It has been hard for investors to make some of the same gains in the oil and gas segment since oil prices have recovered handily. That may be about to ...
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Crude Oil Price Steady 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 2.1 million barrels last week, maintaining a total ...
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US Shale Oil Production to Rise by 79,000 Barrels a Day in October

Between September of 2017 and September of 2018, U.S. crude oil production from seven major shale regions is forecast to have risen by 1.7 million barrels of oil per day ...
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US Oil Rig Count Rises by 7, Prices on Track for Small Weekly Gain

In the week ending September 14, 2018, the number of land rigs drilling for oil in the United States totaled 867, a gain of seven compared to the previous week ...
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Major Oil Stocks Send Short Sellers Running for Cover

Crude oil was trading right around $69 a barrel early on Thursday. Over the past month, crude has been up and down, reaching as high as about $73 and as ...
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How the September Beige Book Looks for the Oil, Gas and Energy Sector

When investors and economists hear about a Beige Book release it is rarely a report that generates serious excitement. That said, there is almost always important information about the national ...
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Crude Oil Price Holds Gains as Gasoline, Diesel Inventory Gains Outweigh Crude Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories decreased by 5.3 million barrels last week, maintaining a total ...
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OPEC Raised Oil Production Again in August, Saudis Added 124,000 Barrels

In its Monthly Oil Market Report for September, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket fell ...
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US Gasoline Price on Course to Rise More in 2019

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for August EIA forecasting that the average price retail price for a gallon of regular gasoline ...
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US Oil Rig Count Remains Flat, Prices on Track for 3.5% Loss for the Week

In the week ending September 7, 2018, the number of land rigs drilling for oil in the United States totaled 860, two less than a week ago and up by ...
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Merrill Lynch Shuffles the Deck on Oil Company Ratings

Spot prices for West Texas Intermediate (WTI) crude oil posted a year-to-date low of around $59 a barrel in January and a high of more than $75 in early June. ...
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Crude Oil Price Wobbles Following In-Line Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories decreased by 4.3 million barrels last week, maintaining a total ...
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6 Most Important Things in Business Today, Theranos Out of Business

Blood testing company Theranos went out of business. According to The Wall Street Journal: Theranos Inc., the blood-testing company accused of perpetrating Silicon Valley’s biggest fraud, will soon cease to ...
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Crude Oil Price Moves Up Following Sizable Inventory Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 2.6 million barrels last week, maintaining a total ...
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