Search Results for: gasoline stockpiles fell
Oil Bears Miss Out as Record U.S. Refinery Demand Drives Rally
May 25th, 2015
Oil speculators missed out as record demand from U.S. refineries helped trim supplies from their highest level in more than eight decades and drive prices higher. Hedge funds and other money managers reduced their net-long position in West Texas ...
Crude-Oil Bulls Threatened as Shale Patch Revives Drilling Plans
May 11th, 2015
The rally in crude oil is reviving the U.S. shale boom, threatening speculators who are the most bullish on prices since July. Money managers increased their net-long position in West Texas Intermediate crude by 3.9 percent in the seven ...
U.S. Oil Prices Fall to Fresh Six-Year Lows
March 18th, 2015
Oil prices fell further in Asian trade Wednesday with U.S. crude posting fresh six-year lows on mounting worries over rising supplies. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at $42.62 a ...
Oil-Product Prices Fall as Supplies Climb
January 8th, 2015
U.S. Inventory Data Confirm the Market Is Still Oversupplied Prices at the gas pump are heading even lower. Gasoline futures fell to nearly a six-year low on Wednesday after U.S. government data showed oil and fuel supplies rising to ...
West TX Oil at $93 on Softer Economic Data
September 16th, 2014
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lackluster manufacturing output performance ...
Brent Oil Below $100 as Ample Supplies Weigh
September 10th, 2014
Brent crude oil prices fell below $100 per barrel in volatile trade on Tuesday, a fourth straight daily decline as ample supplies weighed, while U.S. crude rose on the expectation of dwindling fuel stockpiles. Prices were not far above ...
Oil Falls After Strong Global Supplies
August 7th, 2014
Brent crude traded near its lowest closing level in nine months on speculation that supplies remain sufficient to meet demand. West Texas Intermediate was near a six-month low. Futures were little changed in London. In Iraq, Kurdish exports remain ...
West TX Oil drops Before Stockpile Data
July 30th, 2014
West Texas Intermediate crude traded near the lowest price in two weeks before government data that may signal the strength of fuel consumption in the U.S., the world’s biggest oil user. Brent fell in London. Futures were little changed ...
Crude oil falls below $100 for first time since May
July 16th, 2014
The price of oil fell below $100 a barrel for the first time since May even as the deteriorating security situation in Libya has raised questions about whether the country can soon increase crude exports. Benchmark U.S. crude for ...
Asian stocks Mixed after China Trade Data
July 10th, 2014
Asian stocks outside Japan rebounded as China’s trade expanded, while the U.S. oil benchmark-contract slipped toward a record losing streak. European index futures were flat and gold was near a 3 1/2-month high. The MSCI Asia Pacific excluding Japan ...
