Jessica Summers

Business, Fuel

Crude at Five-Month High as US Gasoline Stockpiles Tumble

Oil Luke Sharrett/Bloomberg News

Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.

Jessica Summers | Bloomberg News
April 10, 2019
Government, Business, Fuel

Oil Imports at 23-Year-Low, Output Hits Another Record

Oil Rig Getty Images

The United States imported the least amount of crude oil on a weekly basis in 23 years, as OPEC-members Saudi Arabia and Venezuela cut their shipments to unusually low levels.

Jessica Summers | Bloomberg News
February 27, 2019
Government, Business, Fuel

Crude Dragged Lower as US Production Hits Record

Crude Christophe Viseux/Bloomberg News

Oil declined for the first time in more than a week after U.S. government data showed an increase in crude stockpiles and production, and as the commodity tracked moves in the equity market.

Jessica Summers | Bloomberg News
February 21, 2019
Business, Fuel

Oil Falls Most in Eight Weeks as Investors Avoid Risky Assets

Oil refinery Jonathan Alcorn/Bloomberg News

Crude posted the biggest decline in eight weeks as a risk-off sentiment spread through global markets. Futures tumbled 3% in New York on Oct. 11. Investors eyed a sixth day of U.S. equity losses along with heightened volatility.

Jessica Summers | Bloomberg News
October 11, 2018
Government, Business, Fuel

Oil Rises as Shrinking US Stockpiles Add to Global Tightness

Al Seib/Los Angeles Times/TNS

Crude rose to a one-week high July 10 on concern shrinking U.S. crude stockpiles will exacerbate wide-ranging global supply disruptions.

Jessica Summers | Bloomberg News
July 10, 2018
Government, Fuel

Oil Surges Above $75 in New York as Supply Outages Outpace OPEC

Daniel Acker/Bloomberg News

Crude soared above $75 a barrel in New York for the first time since 2014 on signs global supply outages outweigh OPEC’s pledged production rise.

Jessica Summers | Bloomberg News
July 3, 2018
Business, Fuel

Crude Breaks $65 as Record Drawdown Whittles US Oil Stockpiles

Getty Images

Crude popped above $65 a barrel for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record.

Jessica Summers | Bloomberg News
January 24, 2018
Business, Fuel

US Expects Domestic Crude Output to Hit Records in 2018, 2019

Getty Images

U.S. crude production will soar to a record this year before rising even more in 2019, according to a government forecast published Jan. 9.

Jessica Summers | Bloomberg News
January 9, 2018
Business, Fuel

Oil Climbs as OPEC Tightening Dovetails With US Supply Drop

Getty Images

Crude rallied as lower OPEC production and signs of shrinking U.S. oil inventories bolstered expectations for an end to the global surplus.

Jessica Summers | Bloomberg News
December 5, 2017
Business

Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process

J. N. Stuart/Flickr;

Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.

Jessica Summers | Bloomberg News
October 13, 2017

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