crude oil prices

US Oil Rig Count Up by 2, Prices Inch Higher From Multi-Month Low

In the week ending November 16, 2018, the number of land rigs drilling for oil in the United States totaled 888, an increase of two compared to the previous week ...
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Crude Oil Price Creeps Higher Despite Another Massive Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories increased by 10.3 million barrels last week, maintaining a total ...
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Why the US Could Become a Net Exporter of Oil and Gas in the Next Decade

Overall, the boom in U.S. oil and gas production over the past decade has been a somewhat moderating force on what is a large domestic merchandise trade deficit by helping ...
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On Big Oil, Short Sellers Can’t Make Up Their Minds

Crude oil was trading right around $61 a barrel early on Monday. 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 Soars by 12, Crude Now Solidly Wedged in Bear Territory

In the week ending November 9, 2018, the number of land rigs drilling for oil in the United States totaled 886, an increase of 12 compared to the previous week ...
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Crude Oil Price Sinking on Large Increase to Inventory

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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US 2018 Gasoline Price to Sink by Year-End

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for November. Despite a retail gasoline price increase of two cents a barrel in the month ...
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US Reimposes Iran Sanctions; Crude Prices Move Higher

U.S. Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin on Monday announced the reimposition of U.S. sanctions on Iran related to that country's nuclear development program. The sanctions ...
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US Oil Rig Count Drops by 1, Crude on Track to Lose More Than 6% for the Week

In the week ending Nov. 2, the number of land rigs drilling for oil in the United States totaled 874, a decrease of one compared with the previous week and ...
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Crude Oil Price Up Slightly as Exports Rise, Refineries Stay in Maintenance Mode

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 3.2 million barrels last week, maintaining a total ...
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US Oil Rig Count Up by 2, Prices Claw Back Some Weekly Losses

In the week ending October 26, 2018, the number of land rigs drilling for oil in the United States totaled 875, an increase of two compared to the previous week ...
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Short Sellers Grow More Selective on Major Oil Stocks

Crude oil was trading right around $67 a barrel early on Thursday. Over the past month, crude has been massively down following the markets lower for the year. However, it ...
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Crude Oil Price Rising Slightly Following Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 6.3 million barrels last week, maintaining a total ...
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Can Exxon Mobil and Chevron Earnings Escape the Oil Trap?

At the end of the third quarter, West Texas Intermediate crude oil traded at around $73 a barrel, a year-to-date increase of about 25%. The two U.S. supermajor integrated oil ...
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US Oil Rig Count Increases by 4, Prices Give Back Some of Their Daily Gain

In the week ending October 19, 2018, the number of land rigs drilling for oil in the United States totaled 873, an increase of four compared to the previous week ...
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