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Oil ends higher in choppy session as traders weigh crude inventory rise versus product draw MarketWatch 3/10/2021 FUTURES MOVERS Oil futures finished a choppy trading session in positive territory Wednesday, after seesawing between gains and losses following data that showed a large rise in U.S. crude inventories and a large drop in stocks of petroleum products. Remarks by Russia’s deputy prime minister, Alexander Novak, highlighting worries about producers outside of OPEC+ raising output and stealing market share also contributed to a temporary turn lower, analysts said. West Texas Intermediate crude for April delivery rose 43 cents, or 0.7%, to close at $64.44 a barrel on the New York Mercantile Exchange. May Brent crude the global benchmark, gained 38 cents, or 0.6%, to finish at $67.90 a barrel on ICE Futures Europe. ....
Oil ends higher on talk of potential OPEC+ rollover of production cuts msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Oil futures settle at fresh 13-month highs Wednesday, as data from the U.S. government show weekly crude supplies edged higher on the back of a sharp decline in distillate inventories, hinting at larger supply losses in the weeks ahead amid energy production losses brought on by winter storms. ....
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. ....