crude oil

Business, Fuel

Oil Prices Could Jump 50% by the End of 2016, Industry Analysts Say

Daniel Acker/Bloomberg News

Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.

Ben Sharples | Bloomberg News
February 3, 2016
Business, Fuel

Oil Resumes Decline as US Stockpile Surge Worsens Global Glut

Daniel Acker/Bloomberg News

Oil resumed its decline after U.S. industry data showed crude stockpiles increased, exacerbating a global glut.

January 27, 2016
Business, Fuel

Crude Falls Below $35 per Barrel in New York for First Time Since 2009

Brent Lewin/Bloomberg News

Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply.

Grant Smith | Bloomberg News
December 14, 2015
Business, Fuel

Crude Oil Rises From Two-Week Low as Market Appears to Tighten

Brittany Sowacke/Bloomberg News

Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases.

Mark Shenk | Bloomberg News
November 10, 2015
Business, Fuel

Oil Caps Weakest Quarter Since 2009 as Global Glut Seen Growing

Andrey Rudakov/Bloomberg News

Oil slipped, capping the lowest quarterly average price since the start of 2009 as U.S. crude inventories climbed.

Mark Shenk | Bloomberg News
October 1, 2015
Business, Fuel

Record Gasoline Output to Curb Biggest US Oil Glut in 85 Years

Ty Wright/Bloomberg News

Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.

Dan Murtaugh | Bloomberg News
Sheela Tobben | Bloomberg News
April 6, 2015
Business, Fuel

Oil Drops to 5-Year Low on Concern Supply Glut to Worsen

Daniel Acker/Bloomberg News

Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.

Moming Zhou | Bloomberg News
December 18, 2014
Business, Fuel

WTI Crude Slips Below $90 for First Time in 17 Months

Jamie Schwaberow/Bloomberg News

West Texas Intermediate oil fell below $90 for the first time in 17 months amid signs that supplies from Russia, Saudi Arabia and the U.S. are outstripping demand.

October 2, 2014