Sentences with phrase «u.s. oil stockpiles»

We believe the oil price outlook has brightened, due to an unexpected OPEC plan to cut production and surprisingly big drop in U.S. oil stockpiles.

Not exact matches

Oil prices came under pressure on Wednesday as weekly government data showed a larger - than - expected rise of 5 million barrels in U.S. crude stockpiles.

Oil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumOil prices showed no sign of fading though, having added as much as 3 % on Wednesday after a third surprise weekly drop in U.S. crude stockpiles boosted the demand outlook in the world's largest oil consumoil consumer.

NEW YORK (Reuters)- Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

NEW YORK Oil prices settled slightly lower on Wednesday, as a surprise draw in U.S. crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on U.S. exports that fed fears of a trade war.

U.S. commercial crude oil stockpiles were seen touching new record highs for the seventh straight week, while gasoline Continue Reading

U.S. crude oil futures CLcv1 settled at $ 64.38 per barrel, down 1.3 percent, after data from the Energy Information Administration showed a surprise build in U.S. crude stockpiles.

The U.S. Energy Department's inventory release showed that crude stockpiles recorded a big weekly build as domestic oil production reached another all - time high.Middle East...

The U.S. Energy Information Administration will release its weekly report on oil and gasoline stockpiles.

The price of oil dropped more than 3 percent after the U.S. government said crude oil stockpiles grew more than expected last week, while gasoline stockpiles didn't shrink as much as investors hoped.

Elsewhere, oil prices took a step back, reflecting rising U.S. production and stockpiles.

Even with reports of U.S. oil production driving more than 10 million barrels of oil a day, the decline in global oil stockpile continues to support the market.

Crude futures held on to strong gains in early Asian trading on Thursday, after the U.S. Federal Reserve kept rates unchanged and a weekly government report on oil stockpiles showed an inventory build that was within expectations.

Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute (API) due Tuesday after data last week showed an unexpected build in U.S. crude stockpiles.

The energy sector -LRB--2 %) sank alongside the price of crude oil after U.S. crude stockpiles increased by 1.6 M barrels last week, with WTI May crude futures slipping 1.3 % to $ 64.38 / bbl.

TOKYO (Reuters)-- Oil prices rose on Thursday, holding onto a late - session rally the previous day, buoyed by the U.S. government data showing a surprise drawdown in crude stockpiles.