Sentences with phrase «oil inventories decline»

U.S. oil inventories declined for 10 straight weeks as of January 24, the longest stretch ever recorded, before jumping again in the week ended January 31.

Futures rose from the settlement after the American Petroleum Institute reported that oil inventories declined 4.81 million barrels to 330.1 million last week.

Not exact matches

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.

Oil extended gains, with Brent crude soaring more than 3 percent, on a reported decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see crude closer to $ 100 a barrel.

The U.S. dollar clung to gains amid fading concerns over a global trade war, while oil soared on a reported decline in U.S. crude inventories and the possibility of supply disruptions.

Later in the morning, US stocks turned lower (S&P -12 to 2643, consumer staples lead decliners), with a further decline in oil (WTI to $ 66.91 - EIA Oil Inventories showed a much larger than expected build) weighioil (WTI to $ 66.91 - EIA Oil Inventories showed a much larger than expected build) weighiOil Inventories showed a much larger than expected build) weighing.

The authority reported a 1.8 - million - barrel decline in U.S. commercial crude oil inventories for the week to September 22, to a total 471 million barrels.

Overall, however, traders were surprised as declines in US stockpiles since January brought them below the closely watched five - year average for the first time since 2014.3 Quarter - end US oil inventories stood at 429.9 mb, which was 19.5 % below the year - ago level.3

The OPEC deal seems to finally be bearing fruit in the form of a sharp decline in global crude oil inventories.

By then, it could be welcomed by the market to offset a decline in oil inventories and to help prevent oil prices from rising too much.

Commodities are little changed in today's low volatility environment, with gold hovering around the $ 1275 level, while oil is trading near $ 47.50 per barrel after the decline of the past few sessions with the mixed US inventory and [production data causing some volatility.

But, in fact, available data on oil inventories shows notable declines over the past year.»

Low oil prices and the rouble's weakness account for Moscow's decline, whilst the pace of growth in Tokyo has slowed considerably and inventory levels are on the rise.

Oil futures jumped nearly 3 per cent on a decline in US crude inventories and after sources signalled Saudi Arabia wants to see the crude price closer to $ US100 a barrel.

OPEC and Russia are already achieving what they intended to achieve with the deal — a decline in crude oil inventory levels around the globe, the minister said.

After declining over the first half of September as US inventories increased and US demand eased, prices rose following OPEC's unexpected decision to reduce oil production quotas by around 3 1/2 per cent, effective from November.

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

Oil prices rallied to three - year high, boosted by a record 10th straight weekly decline in U.S. crude inventories.

Moving on, oil prices began to rise on Tuesday, thanks to speculation that U.S. oil inventories will show a decline,

Moving on, oil prices began to rise on Tuesday, thanks to speculation that U.S. oil inventories will show a decline, market analysts say.

Yet with global growth declining, oil inventory at record levels, and momentum on the side of increasingly cost - competitive renewable energy technologies, there remains a high possibility the energy sector will face another existential crisis in the near future.