crude oil prices
crude oil prices Articles
There are a total of 424 working rigs in the country, according to the Baker Hughes North American Rotary Rig Count.
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By one count, some 3 billion barrels of crude oil valued at about $840 billion have gone missing since the end of 2014.
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U.S. commercial crude inventories decreased by 900,000 barrels last week, according to the U.S. Energy Information Administration.
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In the week ended June 10, the number of rigs drilling for oil in the United States totaled 328, according to the Baker Hughes North American Rotary Rig Count.
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The May 31 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. commercial crude inventories decreased by more than 3 million barrels last week, according to the U.S. Energy Information Administration.
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In its latest update to its Short Term Energy Outlook, the EIA raised its average summer driving season price for a gallon of regular gasoline by 2.7%.
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Shares of beleaguered Chesapeake Energy traded up nearly 8% late Monday morning, and the rise in crude oil prices probably will get most of the credit.
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Last Friday's rig count report from Baker Hughes showed the first meaningful gain in the number of U.S. onshore rigs since last August.
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24/7 Wall St. has identified several standout analyst calls in the energy patch from the week ending June 3, including on Exxon Mobil.
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In the week ended June 3, the number of rigs drilling for oil in the United States grew to 325, according to the Baker Hughes North American Rotary Rig Count.
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U.S. commercial crude inventories decreased by 1.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 535.7 million barrels.
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24/7 Wall St. saw eight energy sector analyst upgrades and positive research calls last week that stood out among the sector calls.
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In the week ended May 27, the number of rigs drilling for oil in the United States fell to 316, according to the Baker Hughes North American Rotary Rig Count.
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As the price for a barrel of crude oil continues to threaten $50, exploration and production companies remain unconvinced that it will rise beyond that level and stay there long enough to inspire...
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