Crude oil futures recovered from earlier losses on Friday, but the U.S. benchmark price was poised for declines for the second week, weighed down by record U.S. Production and bets of OPEC bolstering production. U.S. […]
A surprise draw from the EIA weekly inventory report was not enough to outweigh concerns driven by increased OPEC production as well as risk-aversion on tariff related headlines.
Crude oil prices managed to defend against selling pressure amid a market-wide rout but sellers may be reanimated by the monthly EIA report and API inventory data.
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 91 billion cubic feet for the week ended May 18. Analysts surveyed by S&P Global Platts had forecast a climb […]
Crude oil jumped on the release of weekly EIA inventory data on Wednesday, but two-way news flow as IEA cut demand forecasts kept the bullish market in consolidation.
Crude oil prices are looking to the monthly market update from OPEC as well as EIA statistics on US drilling productivity to inform supply trend expectations.
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 62 billion cubic feet for the week ended April 27. That marked the first weekly increase of the injection season-a […]
U.S. crude oil stockpiles surged sharply last week, bringing the total supply to its highest levels since December, and gasoline inventories also increased, according to the Energy Information Administration. Crude stocks rose by 6.2 million […]
Oil prices extended gains on Tuesday, propped up by statement by Israeli Prime Minister Benjamin Netanyahu that he was positive U.S. President Donald Trump would take the correct course of action in reviewing whether to […]
Crude oil prices rose more than two percent on Wednesday, climbing to the highest point since December 2014. The threat of a conflict between the US and Syria helped push prices higher despite EIA oil […]