Tag Archives: Oil

Oil, Crude, trading

Active rigs drilling for crude oil in the United States declined by five this week, according to the weekly report by Baker Hughes. Oil rigs now stand at 231, data showed on Friday, after recording their first weekly decline in about two months. Meanwhile, natural gas rigs increased by three, …

Oil, Crude, trading

Oil, Crude, trading

Oil prices rose on Wednesday, closing at their highest level since early September, supported by an improved outlook due to recent developments in Coronavirus vaccine research. Brent crude futures for January delivery rose by 59 cents, or 1.4%, to finish at $44.34 per barrel. Meanwhile, the West Texas Intermediate (WTI) …

Crude oil inventories in the United States increased last week by 800,000 barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. By the end of 13 November, American crude stockpiles stood at 489.5 million barrels. Meanwhile, gasoline inventories increased by 2.6 million barrels last week, while …

Oil, Crude, trading

Crude oil inventories in the United States increased by 4.2 million barrels last week, according to data by the American Petroleum Institute (API) on Tuesday. Meanwhile, gasoline stockpiles rose by 256,000 barrels, while distillate inventories declined by 5 million barrels.

Oil prices showed a mixed performance on Tuesday, as the market awaits a firm commitment from the OPEC+ alliance towards the output cuts. Brent crude futures for January delivery fell by 7 cents, or 0.2%, to finish at $43.75 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for December …

Oil prices rose on Tuesday, November 17th, thanks to expectations that OPEC and its allies will extend crude production cuts for at least three months, while sentiment boosted on news of another promising Coronavirus vaccine. Brent crude in January contracts rose 26 cents, equivalent to 0.6%, to $ 44.08 a …