crude oil prices

OPEC Crude Production Slipped in February on Saudi, Venezuelan Reductions

Posted: March 14, 2019 at 9:55 am

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

Posted: March 12, 2019 at 9:15 am

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

Posted: February 28, 2019 at 9:15 am

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

Posted: February 25, 2019 at 1:50 pm

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

Posted: February 13, 2019 at 11:25 am

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

Posted: February 12, 2019 at 10:05 am

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

Posted: February 6, 2019 at 11:05 am

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?

Posted: February 1, 2019 at 9:50 am

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

Posted: January 28, 2019 at 10:25 am

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?

Posted: January 18, 2019 at 8:45 am

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

Posted: January 11, 2019 at 10:00 am

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

Posted: January 10, 2019 at 11:10 am

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

Posted: January 4, 2019 at 11:40 am

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

Posted: December 27, 2018 at 10:35 am

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

Posted: December 21, 2018 at 1:25 pm

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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