US Crude Inventories – Oil & Gas 360

Energy Market Assessment: Pent-up demand paint a bright, positive future

October 29, 2024

(Oil & Gas 360) – While Very Nice, Warmer-Than-Normal Dominating Is Minimizing Oil & Natural Gas, Cold Air & Pent-Up Demand Paint A Bright, Positive Future. Despite Tropical Storm and Hurricane conditions temporarily disrupting moving oil, a growing economy setting stock market record highs is also evident in YOY growth resumed in demand for the petroleum that fuels prosperity-producing movement. Growth,

Oil falls over $1 as demand worries outweigh MidEast supply risks

April 17, 2024

Yahoo Finance Oil prices slipped more than $1 on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate cuts stoked worries about global demand. Brent futures for June were down $1.21, or 1.3%, to $88.81 a barrel at 1330 GMT, while U.S. crude futures for May were down $1.11,

Oil prices slump on rising U.S. crude inventories

October 27, 2021

World Oil SINGAPORE (Bloomberg) –Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so far this week. The American Petroleum Institute reported crude stockpiles rose 2.32 million barrels last week, while gasoline and distillate supplies also edged up. Crude was

Oil dips after surge in U.S. crude inventories

March 10, 2021

Reuters NEW YORK – Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month’s Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery. Brent crude lost 30 cents, or 0.4%, at $67.22 a barrel by 11:31 a.m. EST (1631 GMT) and U.S. West

Oil rallies past eight-month high on U.S. crude inventory drop, vaccine hopes

November 25, 2020

Reuters NEW YORK – Oil prices climbed to the highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent crude rose 80 cents, or 1.7%, at $48.66 a barrel by 12:57 p.m. ET (1757 GMT), adding

Oil prices set for worst daily drop since April on inventories, bearish Fed

June 11, 2020

Reuters LONDON – Oil prices slumped on Thursday, dragged down by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year. Brent crude LCOc1 futures erased Wednesday’s gains, falling 6.6%, or $2.74, to $38.99 a barrel by 1342 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 dropped

Oil falls 4% towards $28 on oversupply concerns

April 15, 2020

Reuters LONDON – Oil fell by more than 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a lack of coordinated oil purchases for strategic storage. The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to

U.S. crude stocks rise even as refiners boost runs: EIA

November 20, 2019

Reuters U.S. crude stocks rose last week even as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.4 million barrels in the week to Nov. 15, compared with expectations for an increase of 1.5 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by

https://www.chron.com/business/energy/article/Oil-Holds-Loss-as-Russia-Throws-Cold-Water-on-14570577.php?cmpid=ffcp#item-85307-tbla-2-oag360

Oil falls on expectations of rising inventories at key U.S. hub

October 29, 2019

Source: Houston Chronicle Oil declined for a second day on expectations of rising inventories at a key pricing point in Oklahoma. Futures in New York fell as much as 1.4% after dropping 1.5% Monday. Genscape Inc. said oil stored at the Cushing storage hub expanded last week, reviving concerns over sluggish demand and ample inventories before industry stockpile data due

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