Search Results for: U.S. oil
Oil down more than 3% as U.S. crude stockpiles rise 6 straight weeks
November 5th, 2015
EIA reports 2.8 million-barrel weekly climb in crude supplies Oil futures lost more than 3% on Wednesday as U.S. government data showed that crude inventories rose for a sixth week in a row. Strength in the dollar added to ...
Oil falls after industry report shows surge in U.S. crude stocks
October 21st, 2015
Oil prices fell on Wednesday after data from an industry group showed a larger-than-expected build in U.S. crude inventories last week, fanning worries over global oversupply, even as a slightly weaker dollar provided some support. Brent crude for December ...
U.S. Stocks Steady, Despite Pressure From Lower Oil Prices
October 20th, 2015
Energy shares tumble on concerns about higher production in Iran, China’s economy U.S. stocks edged higher Monday, though a slump in energy shares kept a lid on the gains. The Dow Jones Industrial Average inched up 14.57 points, or ...
Oil rises as Syria fighting intensifies; U.S. worries over hurricane fade
October 2nd, 2015
Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect U.S. oil facilities. Hurricane Joaquin, which on Thursday had prompted fears ...
Oil falls after U.S. inventories show buildup
September 30th, 2015
Crude oil futures fell in early Asian trade on Wednesday after U.S. inventories showed a weekly buildup that far exceeded analyst expectations. The American Petroleum Institute said late on Tuesday that U.S. crude oil stockpiles rose by 4.6 million ...
Oil nears $50 as U.S. stock-draw balances China data
September 23rd, 2015
Brent crude oil rose towards $50 a barrel on Wednesday as a drawdown in U.S. crude oil stocks outweighed the negative impact of weak economic manufacturing data from China. The American Petroleum Institute (API) said U.S. crude stockpiles fell ...
Oil prices rise as U.S. drilling declines
September 21st, 2015
Oil prices rose by around one percent on Monday as U.S. drilling slowed and analysts estimated that $1.5 trillion worth of planned American production investment was uneconomical at prices of $50 per barrel or lower. Crude prices have plunged ...
Oil prices fall on global glut fears, slowing U.S. jobs growth
September 7th, 2015
Oil prices fell on Monday as oversupply concerns, a firmer dollar and lackluster U.S. non-farm payrolls data weighed on global markets, but a rebound in Chinese stocks after a two-day holiday helped prop up prices. The long Labor Day ...
Oil prices dip on caution ahead of U.S. jobs data
September 4th, 2015
Oil prices eased on Friday as investors turned cautious ahead of U.S. jobs data that is expected to play into the Federal Reserve’s decision on the timing of any U.S. rate hike. Oil stuck to a narrow range and ...
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 ...
