crude oil

Business, Fuel

Oil Steadies Amid Mixed Signals on US Crude Inventories

North Dakota Bakken shale Jim Gehrz/Minneapolis Star

Oil was steady amid mixed signals on U.S. crude inventories, with industry data showing supplies increased last week while government statistics were expected to show a decline.

Bloomberg News
July 19, 2017
Government, Fuel

Diesel Rises 1¢ to $2.491; U.S. Shale Produces 5.58 Million Barrels a Day

truck stop diesel Mériol Lehmann/Flickr

The U.S. average diesel price has risen a cent to $2.491, the Department of Energy said July 17. The fuel has increased 2.6 cents over three weeks.

Laurie Wiegler | Staff Reporter
July 17, 2017
Government, Fuel

US Cuts 2018 Crude Production Forecast Amid Lower Prices

Oilfield pumpjacks Al Seib/Los Angeles Times

U.S. crude producers are still set to pump record amounts of the commodity next year, but less so than previously projected, according to the latest government estimates.

Meenal Vamburkar | Bloomberg News
July 11, 2017
Business, Fuel

Oil Posts Weekly Decline as US Drillers Resume Expansion

oil prices Jim Gehrz/Minneapolis Star Tribune/MCT

Oil prices declined for the week of July 3, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.

Meenal Vamburkar | Bloomberg News
July 7, 2017
Business, Fuel

Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet

Daniel Acker/Bloomberg News

Mercuria Energy Group has engineered perhaps the most logistically complex trade yet to export U.S. oil since a four-decade ban on sales was lifted.

Andy Hoffman | Bloomberg News
Javier Blas | Bloomberg News
Sheela Tobben | Bloomberg News
Laura Hurst | Bloomberg News
August 25, 2016
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