Tag Archives: Oil

Data from the American Petroleum Institute (API) showed that crude oil inventories declined in the United States last week, while gasoline inventories rose. Crude inventories fell by 831 thousand barrels in the week ending September 25 to about 494.4 million barrels, while analysts’ expectations indicated an increase of 1.6 million …

After rising for the first session of the week, oil prices returned to losses on Tuesday. The Brent crude futures for November delivery dropped by $1.40, or 3.3%, and closed at $41.03 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery closed lower by $1.31, …

Oil prices fell on Tuesday, September 29, erasing gains from the previous session, while chronic demand concerns due to the Corona pandemic outweighed hopes generated by a new US stimulus package that lawmakers find difficult to agree on. US West Texas Intermediate crude futures fell 34 cents, equivalent to 0.8%, …

Oil prices closed higher on Monday, amid increased hopes for a new economic stimulus package in the United States. However, rising concerns about the increasing number of COVID-19 cases in many countries limited the gains of crude prices. Brent crude futures closed higher by 51 cents, or 1.22%, at $42.43 …

Oil prices declined on Friday, amid concerns about the rising number of COVID-19 cases spurring a negative outlook the global demand recovery. The decline also comes after data showed an increase in active oil rigs in the United States. Brent futures for November delivery closed lower by 2 cents, or …

The number of active oil and natural gas rigs in the United States increased, for the consecutive week, by six to a total of 261 rigs by the end of the week. Crude oil rigs increased by four to 183, while natural gas rigs added two and reached a total …

Oil prices have retreated, and are heading towards a weekly decline due to growing concerns that fuel demand will be affected by a new large-scale rise in cases of coronavirus, as well as some concern about a possible return of exports from Libya. Brent crude fell four cents to $ …

Oil prices closed higher on Thursday, following a decline in US crude inventories, as shown by recent data. Brent futures for November delivery increased by 17 cents, or 0.4%, and finished at $41.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for November delivery settled higher by 38 cents, …

Oil prices rose on Wednesday, after data showed a decline in US crude inventories. Brent crude futures for November delivery increased by 5 cents, or 0.1%, and settled at $41.77 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude for November delivery levelled up by 13 cents, or 0.3%, and …

Crude oil inventories in the United States declined by 1.6 million barrels last week, according to data by the US Energy Information Administration’s (EIA) weekly report. The decline came below experts’ expectations of a 2.3 million barrel decrease in crude stockpiles.