crude oil prices
crude oil prices Articles
The huge increase in new jobs reported this morning, coupled with the drop in the unemployment rate to 8.3% has pushed US equities by more than 1% this morning. The news feeds renewed hopes for a...
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As the price for WTI crude oil continues to hover around $100/barrel, up from about $75/barrel just two months ago, consumers are seeing pump prices fall. The latest survey from AAA shows an average...
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The US Energy Information Administration’s weekly petroleum status report shows that the US commercial crude inventory fell by 6.2 million barrels in the week ending November 18th. Crude oil in...
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The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline’s flow...
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In mid-afternoon trading today, WTI crude has fallen below $80/barrel and looks set to end the month down about -10%. Given all the dismal economic news that came out this month, it’s a wonder the...
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In the week ended September 16th, the US exported more refined products than it imported. Year-over-year, the US is now exporting 714,000 barrels/day more refined products than it is importing. The...
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Independent oil and gas producer Apache Corp. (NYSE: APA) has agreed to purchase the North Sea assets of a subsidiary of Exxon Mobil Corp. (NYSE: XOM) for $1.75 billion. The total number of barrels...
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Using very large crude carriers (VLCCs) as floating storage tanks is usually expensive and, therefore, only occasionally used. There are exceptions to that generalization, but no trader wants to pay...
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One of the reasons that the Bakken shale deposits in North Dakota and Montana get relatively little attention is that none of the big integrated oil companies have much presence there. There are some...
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This past weekend’s startling developments in Libya hit the crude oil markets almost instantly. Brent crude in Europe fell to around $105/barrel at one point, while WTI crude has gained about half...
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Yesterday’s crashing market sent crude oil to its lowest close in eight months. WTI crude fell even further this morning, to below $76/barrel before turning around to rise above $82/barrel at...
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As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to its debt ratings. One sector that is unchanged is oil and gas, about which...
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The price for WTI crude oil fell below $83/barrel momentarily today as the market takes another shellacking, down around 200 points just before noon. Both crude and the wider market are making a...
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