crude oil prices

OPEC Crude Production Slipped in February on Saudi, Venezuelan Reductions

In its Monthly Oil Market Report for March, released Thursday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's month-over-month average price for its reference basket ...
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Short Sellers Run for Cover on Major Oil Stocks

Crude oil was trading right around $57 a barrel early on Tuesday. Over the past month, crude has fluctuated, ranging from $53 to $57 a barrel but following the markets ...
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Short Sellers Grow More Selective on Major Oil

Crude oil was trading right around $57 a barrel early on Thursday. Over the past month, crude has fluctuated, ranging from $52 to $57 a barrel but following the markets ...
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Merrill Lynch Stays Bullish on Oil and Gas Leaders, Even as Trump Tweets Oil Is Too High

Apparently, President Donald Trump can still influence the price of oil with a mere tweet. Crude oil was last seen trading down $2.10 at $55.16 per barrel, a drop of ...
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Crude Oil Prices Solidly Higher, Ignoring Rising US Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 3.6 million barrels last week, maintaining a total ...
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Short Sellers Retreat on Major Oil Stocks

Crude oil was trading right around $54 a barrel early on Tuesday. Over the past month, crude has fluctuated incredibly, following the markets lower for the most part. However, it ...
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Crude Oil Prices Sag on Inventory Build Up

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total ...
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Is Chevron Getting Enough Credit for Its Q4 Earnings?

Chevron Corp. (NYSE: CVX) reported its most recent quarterly results before the markets opened on Friday. It posted $2.06 in earnings per share (EPS) and $42.35 billion in revenue, which ...
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Short Sellers Up the Ante in Major Oil Stocks

Crude oil was trading right around $52 a barrel early on Monday. Over the past month, crude has fluctuated incredibly, following the markets lower for the most part. However, it ...
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Have Schlumberger’s Acquisitions Paid Off?

Schlumberger Ltd. (NYSE: SLB) reported its most recent quarterly results on Friday morning. The oilfield services firm said that it had $0.36 in earnings per share (EPS) and $8.18 billion ...
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How Much Big Oil Short Sellers Are Hiking Their Bets

Crude oil was trading right around $52 a barrel early on Friday. Over the past month, crude has fluctuated incredibly, following the markets lower for the most part. However, it ...
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Saudi Arabian, US Oil Reserves Rising

In a statement posted Wednesday by Saudi Arabia's official news agency, Saudi Aramco officials announced that the kingdom's proved oil and gas reserves rose to 266.3 billion barrels and 302.3 ...
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Crude Oil Price Gives Back Some Gains After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Friday morning, showing that U.S. commercial crude inventories remained essentially unchanged last week, maintaining a total U.S. commercial ...
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Short Sellers Grow More Selective in Major Oil Stocks

Crude oil was trading right around $45 a barrel early on Thursday. Over the past month, crude has been down sharply, following the markets lower for the year. However, it ...
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US Oil Rig Count Jumps by 10 This Week, Crude Price Holds Gains

In the week ending December 21, 2018, the number of land rigs drilling for oil in the United States totaled 883, an increase of 10 compared to the previous week ...
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