crude oil prices
crude oil prices Articles
Some investors are thinking that oil has bottomed out and that there will be a changing landscape in the oil patch as a result.
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The latest EIA weekly petroleum status report said U.S. commercial crude inventories increased by almost 2 million barrels last week.
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It just so happens that some of the latest short interest readings for major oil companies are continuing to push new highs.
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Both houses of North Dakota's state legislature have passed a bill to lower the state's extraction tax on oil and to eliminate the current practice of tying the tax to the price of crude oil.
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The week ended April 24 marks the third consecutive week with a drop of 25 or more oil rigs, according to the Baker Hughes North American Rotary Rig Count.
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A report from Bloomberg has claimed more than 4,700 drilled wells in the United States have not been completed while oil producers wait for prices to rise again.
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The latest EIA weekly petroleum status report indicated U.S. commercial crude inventories increased by more than 5 million barrels last week.
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In the week ended April 17, the number of rigs drilling for oil in the United States totaled 734, compared with 760 in the prior week.
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The U.S. Energy Information Administration (EIA) has released its latest weekly petroleum status report.
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The U.S. Energy Information Administration has forecast a drop in oil production between April and May, the first net drop in U.S. production since 2008.
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Even long after the Gulf oil spill, BP has had a rough run of things. It does not help that two analysts are making near identical calls on the stock implying a slight downside to current prices.
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Norfolk Southern released updated guidance for its first quarter due in part to lower than expected revenues.
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Oppenheimer suggests that there will be an increased wave of mergers and acquisitions in the oil industry.
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Some of the latest short interest readings for major oil companies are continuing to push new highs for the most recent settlement date.
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There are roughly 2,500 to 3,500 drilled but uncompleted oil wells in the United States, and as many as 1,400 of those wells are located in the Eagle Ford shale play in south Texas.
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