Sentences with phrase «oil stockpiles rose»
The American Petroleum Institute reported last Tuesday crude oil stockpiles rose by 1.099 million barrels.
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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.
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.
Several oil drilling and production companies rose on the latest oil stockpiles figures, pushing the S&P 500's energy sector 1.7 percent higher.
Elsewhere, oil prices took a step back, reflecting rising U.S. production and stockpiles.
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.