crude oil prices
crude oil prices Articles
The threat last week of another tropical storm aimed at Gulf Coast refineries and Gulf production platforms cut crude oil supplies and slowed imports, exports, and refined products production.
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U.S. crude oil inventories declined last week, but gasoline inventories rose. Exports also declined from record highs.
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The U.S. Energy Information Administration has raised its forecasts for the average price of a barrel of oil for both 2017 and 2018.
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The September 29 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks decreased.
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The U.S. land drilling rig count fell by four last week, one oil rig and three natural gas rigs to a total of 936 including offshore and inland water rigs. At the same point last year there were 524...
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U.S. commercial crude inventories fell by 6 million barrels last week, but the big story is another record week for U.S. crude exports.
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Crude oil inventories fell last week, but gasoline inventories rose enough to mostly offset the drop. The big change came in a massive increase in crude oil exports.
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The September 15 short interest data have been compared with the previous figures, and short interest for most of the selected oil stocks increased.
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Gasoline prices dropped last week for the second week in a row as refineries along the Gulf Coast return to operations following Hurricane Harvey.
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The Baker Hughes rig count for this shows five fewer oil rigs operating this week, offset by a rise of four rigs drilling for natural gas.
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The amount of crude oil in U.S. commercial inventories jumped much more than expected last week and pushed prices back down below $50 a barrel.
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The number of rigs drilling for oil in the U.S. fell by seven in the week ending September 15, but the total rig count remains well over double the number of working rigs at the same time last year.
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U.S. crude oil inventories rose last week, but the gains were more than offset by declines in stockpiles of gasoline and distillate products like diesel and jet fuel.
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The August 31 short interest data have been compared with the previous figures, and short interest moves for most of the selected oil stocks were downward.
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The number of onshore U.S. rigs drilling for oil onshore fell by three this week and the number of rigs drilling for natural gas rose by four.
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