Oil
(Bloomberg) — Oil was steady near a six-week low as traders waited for fresh clues on market balances, including the outlook for US stockpiles. Most Read from Bloomberg Global benchmark Brent held above $82 a barrel after shedding more than 3% over the previous two sessions, while West Texas Intermediate was near $78. The drop […]
(Bloomberg) — Oil edged higher — after slumping almost 3% on Friday — as investors weighed the fallout from President Joe Biden’s decision not to seek reelection, while wildfires menaced some production in Canada. Most Read from Bloomberg Global benchmark Brent rose above $83 a barrel after posting its biggest one-day drop since early June, […]
(Reuters) – Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16. Brent climbed 1.6% on Wednesday, and WTI rose 2.6%. […]
(Bloomberg) — Oil edged up after a three-day drop as an industry estimate pointed to another decline in US crude stockpiles and prices appeared to find some technical support. Most Read from Bloomberg Brent climbed back above $84 a barrel. US crude stockpiles shrank by 4.4 million barrels last week, the American Petroleum Institute reported, […]
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1to 584 this week, compared to 675 rigs this same time last year. The number of oil rigs fell by 1 […]
(Bloomberg) — Oil climbed for a second day as signs of growing demand and a risk-on tone across broader markets combined to aid sentiment. Most Read from Bloomberg Global crude benchmark Brent advanced toward $86 a barrel after posting a 0.5% gain on Wednesday, with West Texas Intermediate near $83. Nationwide US stockpiles fell by […]
Officials in President Biden’s Treasury Department have proposed new actions aimed at crippling a fleet of aging oil tankers that are helping deliver Russian oil to buyers around the world in defiance of Western sanctions. Their effort is aimed at punishing Russia but it has stalled amid White House concerns over how it would affect […]
Crude oil exports from the United States to Europe declined in June, hitting the lowest in two years. This is according to data from Kpler that Reuters cited in a report, also saying that the average daily last month stood at 1.45 million barrels, which was 14% below average daily export levels in May and a […]
By Katya Golubkova and Trixie Yap (Reuters) -Oil prices fell in Asia on Thursday, with investors turning cautious on expectations of lower demand as U.S. employment and business data came in weaker than forecast, signalling the economy of the world’s top oil consumer may be cooling. Brent crude futures were down 48 cents, or 0.55%, […]
(Bloomberg) — Oil held near a two-month high after a government report showed US crude inventories shrinking by the most in almost a year. Most Read from Bloomberg West Texas Intermediate was little changed near $83 a barrel after the Energy Information Administration reported a 12.2 million-barrel decline in US oil stockpiles, the biggest drop […]