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Crude oil traded down about 7% Friday morning as it appears to be getting clearer that the Saudis have succumbed to demands from President Trump to leave oil supplies alone, guaranteeing that supply...
The U.S. land-based oil rig count dropped by 3 in the holiday-shortened week. Crude oil prices are holding on to gains scored earlier Wednesday and natural gas prices were up sharply week over week.
The U.S. commercial crude oil inventory rose more than expected last week. Stockpiles of gasoline and diesel fuel dropped, and U.S. crude oil production remained at all-time highs.
The U.S. land-based oil rig count rose by two this week to a total of 888. Crude oil spot prices dropped to a low not seen since last year at this time.
The U.S. crude oil stockpile soared by more than 10 million barrels last week according to the latest official report. Inventories have now risen for eight consecutive weeks.
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 reduce the country’s net petroleum...
The October 31 short interest data have been compared with the previous figures, and short interest moves in these selected big oil stocks were mixed.
The U.S. land-based oil rig count soared this week as new rigs were added in bunches to Oklahoma's Anadarko basin and the portion of the Permian basin located in New Mexico.
The U.S. commercial crude oil inventory rose by nearly 6 million barrels last week while gasoline inventories rose by nearly 2 million barrels. Falling prices will get no boost from this report.
In its Short-Term Energy Outlook for November, the U.S. Energy Information Administration forecasts a big drop in gasoline prices by the end of this year and lower average crude oil prices per barrel...
U.S. sanctions against Iran went into effect today, six months after the Trump administration announced the sanctions. The impact on crude markets has been downgraded over the period, but prices did...
The U.S. land-based oil rig count dropped by one this week but is contributing nothing to the week's price decline for crude oil.
The U.S. Energy Information Administration reported Wednesday that U.S. stockpiles of crude oil rose last week while gasoline and diesel fuel inventories declined. Crude production rose to more than...
The U.S. land-based oil rig count rose by two this week and the natural gas rig count dropped by one. Spot prices are lower again this week on both energy commodities.
The October 15 short interest data have been compared with the previous figures, and short interest moves in these selected big oil stocks were mixed.