crude oil prices

US Oil Rig Count Ticks Down but Prices Jump on OPEC News

In the week ending June 22, 2018, the number of land rigs drilling for oil in the United States totaled 862, one less than in the previous week and up ...
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Crude Oil Price Rises on Drop in Inventories, Ignoring Big Increases in Gas, Diesel Stocks

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 5.9 million barrels last week, maintaining a total ...
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Crude Oil Price Up as Petroleum Inventories Take a Surprise Dive

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 4.1 million barrels last week, maintaining a total ...
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Oil Market To Be ‘Finely Balanced’ in 2019: IEA

In its monthly Oil Market Report for June released Wednesday morning, the International Energy Agency (IEA) said that global crude supplies held rose by 276,000 barrels a day to lift ...
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Short Sellers Run For Cover From Major Oil Stocks

Crude oil has been trading near $66 a barrel early on Tuesday. This is the lowest that crude oil has been at since mid-April. This comes after oil reached above ...
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US Oil Rig Count Ticks Up as Crude Price Weakens

In the week ended June 8, 2018, the number of land rigs drilling for oil in the United States totaled 862, up by one compared to the previous week and ...
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OPEC Publishes Wrap-Up of 2017 Oil Data

On Thursday the Organization of the Petroleum Export Countries (OPEC) released its annual statistical bulletin. The publication includes details on the oil and gas industries in each of the cartel's ...
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Crude Oil Price Tumbles on Unexpectedly Large Inventory Builds

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 2.1 million barrels last week, maintaining a total ...
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US Oil Rig Count Up a Little; Crude Price Softens on Russian Production Increase

In the week ended June 1, 2018, the number of land rigs drilling for oil in the United States totaled 861, up by two compared to the previous week and ...
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Crude Oil Price Curbs Drop on Surprise Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories decreased by 4.2 million barrels last week, maintaining a total ...
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Gasoline Holding at Just Below $3 a Gallon, Crude Oil Price Sliding

The national average price for a gallon of regular gasoline the Memorial Day is $2.97 according to AAA. That's right where it was going into the holiday weekend and pretty ...
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US Oil Rig Count Soars This Week, Crude Price Plunges

In the week ended May 25, 2018, the number of land rigs drilling for oil in the United States totaled 859, up by 15 compared to the previous week and ...
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Shell Adds Another Well to Gulf of Mexico Play

Oil supermajor Royal Dutch Shell PLC (NYSE: RDS-A) announced Friday morning that it had made a sixth oil discovery in its Norphlet play in the Gulf of Mexico. The Dover ...
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Short Sellers Up the Ante in Major Oil Stocks

Crude oil slipped below $70 a barrel early on Friday, the first time oil has been below this level in a couple weeks. The price of oil actually reached as ...
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Crude Oil Price Falls on Huge Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 5.8 million barrels last week, maintaining a total ...
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