Inventory build helps lead prices lower
U.S. crude oil retreated Wednesday after the Department of Energy reported larger-than-expected build in inventories and a production freeze by major producers seemed less likely.
View ArticleOil, gasoline inventories plunge; crude prices rise
Stockpiles of crude oil and gasoline plunged week, more than offsetting recent increases in inventories and sending oil prices soaring. The Energy Department said Wednesday that commercial rude...
View ArticleCrude inventories fall again; gasoline stockpiles rise
Crude oil stockpiles fell for the fourth consecutive week, declining by nearly 2 million barrels last week, the Energy Department reported Wednesday. Gasoline inventories, however, rose 2 million...
View ArticleCrude prices climb as U.S. stockpile falls
HOUSTON – The nation’s crude stockpile sank by 5.2 million barrels last week, the Energy Information Administration said Wednesday, as imports declined by nearly 1 million barrels a day. “It’s a fairly...
View ArticleCrude inventories shrink
U.S. crude oil stockpiles fell for the second consecutive week, adding support to prices that surged on reports that OPEC nations had agreed to cut production. Commercial inventories of crude fell...
View ArticleAnalysts: Crude stock growth more than balanced by strong demand
The growth of U.S. crude stockpiles surprised analysts on Wednesday. But that shouldn’t matter, they said on Thursday: A “massive” petroleum draw more than offset the surprising crude inventory growth....
View ArticleOil inventory levels rise in Gulf Coast and Midwest
The year is coming to a close with another jump in the nation’s stockpile of oil as the U.S. struggles to work through its ongoing glut of crude. Crude oil inventory levels rose by 600,000 barrels last...
View ArticleOil stocks fall but total petroleum inventories rise
U.S. crude oil inventories fell by 7.1 million barrels last week, boosting industry hopes that high demand will reduce stockpiles and increase prices. Still, the country’s oil stocks remain full, the...
View ArticleNatural gas prices dip as U.S. inventory draw disappoints traders
Domestic natural gas prices fell on Thursday as the Energy Department’s report on the nation’s commercial gas inventories disappointed traders. The Energy Information Administration said gas stocks...
View ArticleCrude stockpiles fall again
Oil and gasoline stockpiles fell for the second consecutive week, a sign that the energy industry finally may be working through its stubborn supply glut. Commercial crude inventories declined by 1...
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