crude oil

Business, Fuel

Oil Extends Decline After Unexpected US Crude Stockpile Gain

Eddie Seal/Bloomberg News

Oil extended its decline after a government report showed that U.S. crude stockpiles unexpectedly rose last week.

Mark Shenk | Bloomberg News
August 24, 2016
Business, Fuel

Oil Drops to Two-Month Low Amid Ample US Supply, Rising Dollar

Jamie Schwaberow/Bloomberg News

Oil dropped to the lowest close in more than two months as the United States heads to the end of the summer-driving season with ample inventories.

Mark Shenk | Bloomberg News
July 22, 2016
Business, Fuel

Oil Trims Weekly Drop as US Production Falls Most Since 2013

J. N. Stuart/Flickr

Oil trimmed its biggest weekly decline in three months as investors weighed the largest drop in U.S. output since 2013 and a jump in payrolls against a smaller-than-expected stockpile decline.

Grant Smith | Bloomberg News
July 8, 2016
Business, Fuel

Oil Prices Surge 4%, Brent Back Above $50

Brittany Sowacke/Bloomberg News

NEW YORK — Oil prices surged 4% on June 30, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.

Barani Krishnan | Reuters
June 30, 2016
Business, Fuel

Oil in Longest Losing Streak in Four Months as US Supplies Gain

Daniel Acker/Bloomberg News

Oil fell for a fifth consecutive day June 14, heading for the longest run of declines since February, as U.S. industry data showed crude stockpiles expanded, exacerbating an oversupply.

Stephen Stapczynski and Grant Smith | Bloomberg News
June 15, 2016
Business, Fuel

Oil Rises From 10-Month High as US Stockpiles Seen Declining

J. N. Stuart/Flickr

Oil advanced from the highest close in more than 10 months before U.S. government data forecast to show crude stockpiles dropped for a third week, trimming a glut.

Grant Smith | Bloomberg News
June 7, 2016
Business, Fuel

Crude Oil Rises Above $40 in New York for First Time in 3 Months

Andrey Rudakov/Bloomberg News

Oil surged above $40 a barrel in New York for the first time since December as central banks from the United States to Norway signaled they will continue to provide economic stimulus to support demand.

Mark Shenk | Bloomberg News
March 17, 2016
Business, Fuel

Oil Prices Expected to Average $40 a Barrel in 2016

Daniel Acker/Bloomberg News

Oil prices will average just over $40 a barrel this year due to subdued demand and the likelihood a tentative agreement by leading producers to freeze output will do little to drain a supply glut, a Reuters poll showed Feb. 29.

Koustav Samanta and Vijaykumar Vedala | Reuters
February 29, 2016
Government, Business, Fuel

Obama's $98.1 Billion Budget Proposes New Per-Barrel Fee on Oil

Jason Reed/Reuters

New infrastructure projects capable of withstanding severe weather events would be funded through a new tax on oil companies, according to the Obama White House’s fiscal 2017 budget request unveiled Feb. 9.

Eugene Mulero | Staff Reporter
February 9, 2016
Business, Fuel

World's Largest Energy Trader Sees a Decade of Low Oil Prices

Daniel Acker/Bloomberg News

Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house.

ByJavier Blas and Ryan Chilcote | Bloomberg News
February 8, 2016

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