Tag: U.S. crude inventories

Commercialization, Conventional Fuels

Oil prices erase losses on a bigger than expected inventory drop

June 19, 2019

Via: CNBC energy

Oil prices turned around on Wednesday after a surprise draw down in U.S. supply lifted sentiment in the market. U.S. crude inventories decreased by 3.1 million barrels last week, according to Energy Information Administration. Brent crude futures traded 22 cents […]

News and Policies, World

Oil eases from 5-week top, rising US production weighs

April 11, 2017


Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices. The international benchmark for oil prices, Brent crude […]

Commercialization, Conventional Fuels

Oil prices dip on OPEC squabbles ahead of planned production cut

October 25, 2016


Oil prices dipped on Tuesday as disagreement flared within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices. The dollar, which held near nine-month highs against a basket of major […]