crude oil prices
crude oil prices Articles
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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The short interest data have been released for the April 29 settlement date, and short interest for the selected oil stocks was ultimately mixed.
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Despite recent price increases for both WTI and Brent crude oil, global inventories are expected to rise by an average of 900,000 barrels a day in the second and third quarters of 2016.
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The number of rigs drilling for oil in the United States fell to 328, according to the latest Baker Hughes North American Rotary Rig Count.
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U.S. commercial crude inventories increased by less than 3 million barrels last week, according to the U.S. Energy Information Administration.
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In the week ended April 29, the number of rigs drilling for oil in the United States dropped to 332, according to the Baker Hughes North American Rotary Rig Count.
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Brent crude oil for July delivery traded as high as $48.29 on Friday before dropping to below $47 a barrel.
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U.S. commercial crude inventories increased by 2 million barrels last week, according to the U.S. Energy Information Administration.
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With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest is now more important than ever to follow.
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The average price across the United States for a gallon of regular gasoline last week rose two cents to $2.14. Diesel fuel prices also rose.
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In the week ended April 22, the number of rigs drilling for oil in the United States fell to 343, according to the Baker Hughes North American Rotary Rig Count.
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As Nomura's analysts state the case in a recent note before energy sector earnings start rolling in, energy markets are headed in the right direction now, just not in a straight line.
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An International Energy Agency expert told CNBC on Friday that the world's two largest producers, Russia and Saudi Arabia, are expected to pump "as much oil as possible."
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U.S. commercial crude inventories increased by more than 2 million barrels last week, according to the U.S. Energy Information Administration.
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The average price across the United States for a gallon of regular gasoline last week jumped almost seven cents to $2.12.
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