crude oil prices
crude oil prices Articles
U.S. crude oil inventories dropped more than expected last week, but the biggest changes came in how much crude and refined products were exported.
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The April 13 short interest data have been compared with the previous figures, and short interest in these selected big oil stocks increased.
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The U.S. land-based oil rig count rose by five this week following burst of activity in the Permian Basin. The number of offshore rigs also rose this week.
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President Trump has responded to reports that OPEC and its partners may want to reduce crude oil production even further with a tweet that prices are artificially high and "will not be accepted."
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With West Texas Intermediate crude oil putting in another strong day, a gain of more than $2 per barrel has put the price of benchmark crude back above $68.50 per barrel. This marked the highest...
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U.S. petroleum inventories fell by modest amounts last week but the declines pushed crude oil prices to a high of more than $68 a barrel, a price last seen in late 2014.
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According to documents obtained by Bloomberg News, Saudi Arabia's state-owned oil company, Saudi Aramco, posted a profit of $33.9 billion in the first half of last year.
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The International Energy Agency expects that the OPEC production cuts will have balanced global oil markets by next month.
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The U.S. commercial crude oil inventory rose by a surprising 3.3 million barrels last week, but after a quick dip in the price, futures rose sharply again.
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The March 29 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
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U.S. drivers can expect to pay an average of 33 cents a gallon more this summer for gas. The average price will also be higher for the full year and an average household will spend almost $200 more...
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The number of U.S. land-based rigs drilling for oil jumped by 11 this week and a total of 14 horizontal rigs were put into service.
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Crude oil prices cut their losses slightly following the inventory report from the U.S. Energy Information Administration. Investors and traders are grappling with tariffs today, and petroleum...
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The number of U.S. land-based rigs drilling for oil this week fell by seven while the number of rigs drilling for natural gas rose by four.
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At today's oil prices, U.S. drillers are making a profit of at least $10 a barrel on new wells and even more on existing wells.
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