crude oil prices
crude oil prices Articles
A barrel of benchmark Brent crude oil traded above $70 in London on Thursday, the first time Brent has reached that level in more than three years. Higher consumer prices are likely to follow.
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The December 29 short interest data have been compared with the previous figures, and short interest for most of the selected big oil stocks decreased.
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U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
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Oil prices hit a three-year high, Toyota and Mazda will build a huge car plant in the United States, one major cryptocurrency has reached record levels, and other important headlines.
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Nine Energy Service expects to price its 7 million shares in the range that results in an initial public offering valued up to around $185 million.
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Baker Hughes reported Friday afternoon that the U.S. land-based oil rig count dropped by five this week. With crude prices at around $62 a barrel, rig counts could begin climbing again.
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The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.
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The U.S. land-based oil rig count was unchanged again this week. The natural gas rig count fell by two week over week.
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The average price for a barrel of WTI crude oil this year will end up at around $50 a barrel, about $10 a barrel below it's current trading price. What does that indicate for 2018?
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The U.S. crude oil inventory fell more than expected last week as did the gasoline stockpiles. But sharply colder weather over the next week is expected to reduce consumption and a North Sea pipeline...
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The December 15 short interest data have been compared with the previous figures, and short interest for most of the selected big oil stocks increased.
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The Forties North Sea pipeline that has been out of service since December 11 is coming back on line with crude flowing through the system at about half of capacity.
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The national average price for a gallon of gas rose a penny last week as a result of unexpected outages at two Midwestern refineries.
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The U.S. land rig count increased by one this week to 931 working oil and gas rigs. The oil rig count was unchanged. Crude prices remain on track for a gain of 1% to 2% for the week.
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U.S. crude oil inventories fell by more than 6 million barrels last week while export levels of crude and refined products rose sharply.
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