crude oil prices

Crude Oil Price Slips as Inventory Drops Sharply

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 2.2 million barrels last week, maintaining a total ...
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Short Sellers Pile Into Major Oil Stocks

Crude oil is back above $67 a barrel after suffering through a rough March, and before this oil had not been at this price level in over two years. We ...
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US Oil Rig Count Rises by 5; Crude Price Dips Slightly

In the week ending April 20, 2018, the number of land rigs drilling for oil in the United States totaled 820, up by five compared to the previous week and ...
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Trump Takes a Shot at OPEC Over High Oil Prices

Ahead of Friday's meeting of Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil ministers who joined forces more than a year ago to reduce the oversupply of crude oil, ...
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Despite Oil Back Above $68 per Barrel, 10 Major Oil and Gas Stocks Still Negative So Far in 2018

With West Texas Intermediate crude oil putting in another strong day, a gain of more than $2 per barrel has put the price of benchmark crude back above $68.50 per ...
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Crude Oil Price Jumps on Inventory Drawdowns

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 1.1 million barrels last week, maintaining a total ...
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Why Saudi Aramco Is the World’s Most Profitable Company

Saudi Arabia announced in 2016 that it planned to sell 5% of its state-owned oil company, Saudi Aramco, in an initial public offering (IPO) aimed at raising $100 billion. If ...
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Crude Oil Supply-Demand Balance in Sight: IEA

In its monthly Oil Market Report for April released Friday morning, the International Energy Agency (IEA) said that global crude supplies fell by 120,000 barrels per day in March to ...
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Crude Oil Price Pares Gain Following 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 3.3 million barrels last week, maintaining a total ...
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Major Oil Stocks Scare Off Short Sellers

Crude oil is back above $66 a barrel after suffering through a rough March, and before this oil had not been at this price level in over two years. We ...
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US Gasoline Prices to Jump 14% This Summer

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for April, forecasting an average price retail price for a gallon of regular gasoline will reach ...
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US Oil Rig Count Jumps by 11; Crude Price Sinks

In the week ended April 6, 2018, the number of land rigs drilling for oil in the United States totaled 808, 11 more than in the previous week and up ...
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Crude Oil Price Bounces Around After Mixed 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 4.6 million barrels last week, maintaining a total ...
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US Oil Rig Count Slashed by 7; Crude Price Wobbles but Remains Up

In the week ended March 29, 2018, the number of land rigs drilling for oil in the United States totaled 797, seven less than in the previous week and up ...
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Oil Drillers See Profits Continuing

If crude oil prices remain above $55 a barrel this year (as they are expected to do), oil exploration and production (E&P) companies operating in U.S. oil fields expect to ...
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