Oil down as US crude inventories swell, traders worry about China-US trade
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, while worries about a new China-U.S. trade war fueled fears of softer economic growth.
Crude oil slides to lowest settlement this year as surging U.S. inventories shows weak demand
Crude oil futures fell as traders worried that large increases in U.S. crude and gasoline stockpiles and a potential U.S.-China trade war were signals of weak economic growth.
Crude Oil Price Outlook – Crude Oil Awaits Jobs And Inventory
The crude oil market is somewhat positive in the early hours of Thursday, but we have the inventories number, and the jobs number over the next 24 hours that could move things.
Oil declines amid rising US crude inventories, Sino-US tariff war
Oil prices slid on Wednesday as rising stockpiles in the U.S. and market worries about a new Sino-U.S. trade war offset President Donald Trump's renewed push to eliminate Iranian crude exports. Brent crude futures were down 39 cents,
U.S. Crude Oil Stockpiles Rise More Than Expected
U.S. crude oil inventories increased more than expected as production picked up, while the build in gasoline stocks extended to almost three months.
U.S. Crude Oil Inventories Surge Much More Than Expected
The Energy Information Administration released a report on Wednesday showing U.S. crude oil inventories shot up by much more than
Oil drops amid rising US crude inventories, Sino-US tariff war
Oil prices dropped over 1% on Wednesday as rising U.S. stockpiles and concern about a new Sino-U.S. trade war fuelled fears of weaker economic growth, offseting U.S. President Donald Trump's renewed push to eliminate Iranian crude exports.
Weekly Crude Inventories Jump More Than Expected
Commercial crude stockpiles in the US increased more than projected last week as total motor gasoline inventories built, government data showed Wednesday. Inventories of crude, excluding the strategic petroleum reserve,
US oil futures slightly higher despite larger-than-expected build in crude stocks
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $72.76 a barrel following the report after settling up 0.6% at $72.70 a barrel.
Crude inventories for the week of January 31
Crude inventories 8.66M build vs. consensus of 1.03M build. Gasoline inventories 2.23M build vs. consensus of 75K draw. Distillates 5.47M draw ...
U.S. crude supplies post weekly rise of 8.7 million barrels, pulling oil prices lower
The U.S. Energy Information Administration reported Wednesday that commercial crude inventories climbed for a second week in a row, up 8.7 million barrels for the week that ended Jan. 31, according to ...
Crude Oil Prices1d
Large Unexpected Crude Build Sinks Oil Prices
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
Oil News: Traders Brace for Volatility as Crude Holds 200-Day Moving Average
Crude oil tests the 200-day moving average—will it hold or break? Traders watch key support as U.S. inventories rise and ...
Oil Falls Amid U.S. Crude Build, Trade War Fears
Oil prices slide 2% despite U.S. President Trump reinstating maximum pressure on Iran, as rising U.S. crude inventories and ...
Crude Oil Prices2d
Crude and Gasoline Inventories Soar Amid Large Draw in Distillate Stocks
Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—rose by 110,000 barrels, according to API data, after sinking by 144 ...
Rigzone2d
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up by 10.8 million barrels for the week ending January 31.
China Refiners Set to Resell US Oil Cargoes After Tariff Blitz
China’s state-run refiners are expected to resell US oil cargoes and seek alternative supplies in the aftermath of Beijing’s ...