Sentences with phrase «oil inventories rose»

Crude oil inventories rose by 2.4 m barrels while both gasoline and distillate stocks were lower.

U.S. crude oil inventories rose by 2.2 million barrels in the week to April 20, to 429.74 million barrels.

Not exact matches

LONDON, April 25 (Reuters)- Oil eased on Wednesday, but held in sight of three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

The Organization of the Petroleum Exporting Countries also said oil inventories across the most industrialized countries rose in January for the first time in eight months, a sign the impact of its output cuts may be waning.

U.S. crude oil inventories rose by 2.2 million barrels in the week to April 20, to 429.74 million barrels.

The agency also reported that commercial oil inventories in industrialized nations rose in January for the first time in seven months.

LONDON, April 25 (Reuters)- Oil edged higher on Wednesday, nearing three - year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

Investors will scour weekly oil inventory statistics from the Energy Information Administration later on Thursday after industry data showed a rise of 2.1 million barrels in crude stockpiles last week.

SINGAPORE, May 3 (Reuters)- Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

May 2 (Reuters)- U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday.

The initial enthusiasm over OPEC's production cut deal died out rather unceremoniously, and oil prices only enjoyed a brief rally, hammered down continually by rising U.S. supply and slower - than - expected drawdowns on inventory.

A day earlier the American Petroleum Institute had estimated crude oil inventories had risen for the second week in a row, by a hefty 6.18 million barrels, which was only to be expected as the market is prepared for the Hurricane Harvey effects on Gulf Coast refining to linger for another few weeks.

Oil prices were up most of the day, tracking the dollar, despite concerns about rising U.S. inventories.

NEW YORK Oil prices rose on Thursday, boosted by OPEC production cuts and the potential for new U.S. sanctions against Iran, but gains were limited by growing U.S. crude inventories.

An unexpected rise in the API US Oil Inventory Report pushed oil lower (WTI down to $ 67.58) and weighed on stocOil Inventory Report pushed oil lower (WTI down to $ 67.58) and weighed on stocoil lower (WTI down to $ 67.58) and weighed on stocks.

As WTI enjoys the first meaningful price rise since this spring, and a day after the API injected further optimism in markets by reporting a 761,000 - barrel draw in U.S. crude oil inventories, the EIA added fuel to the celebratory mood.

U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday.

Crude oil ran into tech trouble as the U.S. tech sector is under fire leading to a sell - off in stocks against a backdrop of rising oil inventory.

Oil's recovery, buoyed by potential supply risks, was capped by rising U.S. inventories while President Donald Trump neared a decision on whether to reimpose sanctions on Iran.

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.

Oil is also on the rise as inventory data released yesterday (blue circle) is yet another indication that the multi-year supply glut that has been plaguing the market may be showing signs of abating.

crude oil inventories C - STK - T - EIA rose by 2.2 millionbarrels in the week to April 20, to 429.74 million barrels.That's almost 10 million barrels above the five - year average.U.S.

On another note, crude oil also extended its recent bullish move, with the WTI contract rising above $ 65, for the first time since early February, helped by the surprise inventory draw in the US as well.

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.

Singapore: Oil prices fell early on Thursday, pulled down by a rise in US crude inventories and record weekly US production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.

Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.

While the market continues to communicate concern over rising levels of shale production, this bullish inventory data coupled with a slightly softer USD profile, it's easy to see why oil prices are finding fresh session highs going into the NY close.

Now the Saudis seem to believe that with oil inventories approaching average and a solid alliance with Moscow, they can let oil prices rise and micromanage the markets at any time.

Rising US crude oil inventories sent prices tumbling this week.

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.

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.

A strong local economy driven by the oil sector combined with low inventory led to the robust increases, but eroding affordability and interest rates that are expected to rise will likely lead to more moderate price appreciation in the second half of the year.

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.

On another note, crude oil also extended its recent bullish move, with the WTI contract rising above $ 65, for the first time since early February, helped by the surprise inventory draw in the US as well.