Tag: U.S. crude futures

News and Policies, U.S.

US rig count rises as drillers add oil rigs for 7th week in a row

December 19, 2016

Via: American Energy News

U.S. energy companies this week added oil rigs for a seventh week in a row, extending a seven-month drilling recovery as crude prices held near a 17-month high. Drillers added 12 oil rigs in the week to Dec. 16, bringing […]

Commercialization, Conventional Fuels

Oil prices rebound on weaker dollar despite bigger-than-expected US stock build

September 1, 2016


Oil prices rose in early Asian trade on Thursday, rebounding on a weaker U.S. dollar after falling around 3 percent or more in the previous session following a surprisingly large build in U.S. crude and distillate stocks last week. “The […]

Commercialization, Conventional Fuels

Brent oil pushes above $50 for first time in nearly 7 months

May 26, 2016


Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Buoyant stock markets also supported prices, with the […]

Commercialization, Conventional Fuels

Oil prices dip on strong dollar

May 23, 2016


Oil prices fell in Asian trade on Monday on a strong dollar and signs that global crude supply is holding up even as volumes hit by unplanned outages rise to at least five-year highs. In a further indication of abundant […]