crude oil prices

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

Posted: June 22, 2018 at 1:35 pm

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

Posted: June 20, 2018 at 11:35 am

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

Posted: June 13, 2018 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 decreased by 4.1 million barrels last week, maintaining a total ...
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Oil Market To Be ‘Finely Balanced’ in 2019: IEA

Posted: June 13, 2018 at 7:54 am

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

Posted: June 12, 2018 at 11:07 am

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

Posted: June 8, 2018 at 1:45 pm

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

Posted: June 8, 2018 at 11:15 am

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

Posted: June 6, 2018 at 11:00 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 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

Posted: June 1, 2018 at 1:50 pm

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

Posted: May 31, 2018 at 11:50 am

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

Posted: May 28, 2018 at 7:51 am

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

Posted: May 25, 2018 at 1:40 pm

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

Posted: May 25, 2018 at 1:15 pm

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

Posted: May 25, 2018 at 10:50 am

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

Posted: May 23, 2018 at 11:10 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 5.8 million barrels last week, maintaining a total ...
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