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Trump policy that weakened wild bird protections is revoked
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Oil ends higher on talk of potential OPEC+ rollover of production cuts
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Oil prices end lower on talk of potential OPEC+ output increase
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Oil finishes at 1-year high after modest weekly decline in U.S. crude inventories MarketWatch 2/3/2021
FUTURES MOVERS An earlier version of this story misstated the year the EIA expects total U.S. energy consumption to return to 2019 levels. The EIA expects a return by 2029.
Oil futures climbed on Wednesday to end at another one-year high, finding support from expectations that economic stimulus measures will boost energy demand and a modest weekly decline in U.S. crude inventories.
The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, held a monthly committee meeting Wednesday, but did not make changes to output policy.
Oil futures turn higher after EIA reports a nearly 10 million-barrel weekly drop in U.S. crude supplies
The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 9.9 million barrels for the week ended Jan. 22. The data compared with the average decline of 1.7 million barrels forecast by analysts polled by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 5.3 million-barrel decrease, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub fell by 2.3 million barrels for the week. Gasoline supply, meanwhile, climbed by 2.5 million barrels, while distillate stockpiles were down by 800,000 barrels. The S&P Global Platts survey had forecast a supply increase of 1.2 million barrels for gasoline and a decline of 800,000 barrels for distillate inventories. March West Texas Intermediate crude moved up after the data, trading 26 cents, or 0.5%, higher at $52.87 a barrel on the New York Mercantile