Oil Prices Break Out of Holding Pattern rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Oil prices surge on falling U.S. crude inventory By Andres Guerra Luz on 4/14/2021
(Bloomberg) Oil jumped the most since late March with declining U.S. crude stockpiles and rising fuel demand providing the spark needed to break out of a nearly monthlong price range.
Futures climbed as much as 5.3% in New York on Wednesday, pushing prices out of a recent $5 trading range to the highest intraday level since March 18. A U.S. government report showed domestic crude inventories fell by 5.89 million barrels last week, the biggest decline in two months, bringing nationwide supplies to the lowest since late February. A gauge for gasoline demand ticked higher for a seventh straight week.
Oil Dips With U.S. Crude Supplies Topping Half a Billion Barrels
Bloomberg 4 days ago Andres Guerra Luz
(Bloomberg) Oil fell to the lowest in a week after U.S. crude stockpiles topped half a billion barrels and the International Energy Agency said global supplies are plentiful.
Futures in New York slipped 0.3% on Wednesday, closing out the longest stretch of declines in more than six months. A U.S. government report showed domestic oil supplies rose for a fourth straight week. Further adding to downbeat sentiment, the IEA said that oil markets are not on the verge of a new price supercycle and any concerns of a supply shortfall are misguided.
Oil Dips With U.S. Crude Supplies Topping Half a Billion Barrels
Bloomberg 4 days ago Andres Guerra Luz
(Bloomberg) Oil fell to the lowest in a week after U.S. crude stockpiles topped half a billion barrels and the International Energy Agency said global supplies are plentiful.
Futures in New York slipped 0.3% on Wednesday, closing out the longest stretch of declines in more than six months. A U.S. government report showed domestic oil supplies rose for a fourth straight week. Further adding to downbeat sentiment, the IEA said that oil markets are not on the verge of a new price supercycle and any concerns of a supply shortfall are misguided.
Oil falls with US crude supplies above half a billion barrels energyvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energyvoice.com Daily Mail and Mail on Sunday newspapers.