U.S. crude prices rose on Tuesday as a tropical storm moved ashore in the oil-producing state of Texas, but global oversupply limited gains and pressured Brent futures. Expectations that U.S. crude inventories fell again last week and strong RBOB gasoline futures also lent support. U.S. July crude...
Oil prices fell on Friday on a stronger dollar and continuing concerns about oversupply ahead of the latest U.S. oil drilling data. Brent crude for July delivery was recently down 0.8% to $64.54 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange,...
Oil prices fell on Thursday due to a stronger dollar and a gloomy economic outlook from the World Bank, while a bullish report about global demand from the International Energy Agency (IEA) failed to dispel concerns about a supply glut. In its twice-yearly Global Economic Prospects...
Crude oil prices jumped 3 percent on Tuesday, and gasoline and diesel rose as much, as bulls ramped up bets across the oil complex for another weekly drop in U.S. stockpiles. U.S. crude inventories likely fell for a sixth straight week in the week ended June...
Oil futures rallied by more than 3% on Tuesday as signs of an overall slowdown in U.S. crude production expected later in the year helped lift prices for the U.S. crude benchmark back above $60 a barrel. May oil output was at its highest monthly level...
The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding to a halt. Crude output from the prolific tight-rock formations such as North Dakota’s Bakken and Texas’s Eagle Ford shale will shrink...
Oil prices are on course for the biggest weekly loss in almost three months with all signals suggesting Opec will stick with its policy of keeping the taps open when the production cartel meets in Vienna later today. Delegates from the 12-member group have shown few...
Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data showed a fourth weekly drawdown in U.S. crude stocks. The U.S. Energy Information Administration (EIA) said crude oil inventories USOILC=ECI fell by 2.8 million barrels last week, ahead of Monday's...
Crude futures rose about 1 percent on Wednesday to recover some ground after steep drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week. Prices were also supported by comments from western diplomats that a nuclear deal...
Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. U.S. crude prices were up 14 cents at $59.86 a barrel. "Global oil...
