stockpiles
By Laila Kearney and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices dipped on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon. Brent crude futures dipped 20 cents, or 0.3%, to […]
By Nicole Jao NEW YORK (Reuters) -Oil prices slipped slightly on Thursday as investors waited on developments in the Middle East, while falling crude inventories in the United States provided some support. Brent crude futures were down 34 cents to $73.88 a barrel at 1:46 p.m. EDT (1746 GMT), while U.S. West Texas Intermediate crude […]
US military aid packages for Ukraine have been smaller in recent months, as the stockpiles of weapons and equipment that the Pentagon is willing to send Kyiv from its own inventory have dwindled. The shift comes amid concerns about US military readiness being impacted as US arms manufacturers play catchup to the huge demand created […]
(Bloomberg) — Oil slipped again after dropping by more than 2% on Tuesday, with futures unable to climb above a key technical measure even as Middle East tensions remain in focus, with key US inventories data due coming. Most Read from Bloomberg Brent traded below $79 a barrel, with West Texas Intermediate under $75. Traders’ […]
(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 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 […]
(Bloomberg) — Oil extended gains after industry data pointed to shrinking US crude stockpiles ahead of a government report. Most Read from Bloomberg Brent futures climbed toward $83 a barrel after rising almost 3% at the start of the week, while West Texas Intermediate neared $79. The American Petroleum Institute reported that US crude inventories […]
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices eased on Thursday after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. Ahead of U.S. crude oil stockpiles data due later in the day, Brent futures dipped 26 cents or 0.3% to $83.34 a barrel as of 0630 […]
(Bloomberg) — Oil extended losses after an industry report pointed to rising US crude inventories, adding to bearish signs for the market. Most Read from Bloomberg Brent fell for a third session toward $82 a barrel and West Texas Intermediate eased near $78. The American Petroleum Institute reported crude stockpiles rose by 2.5 million barrels […]
(Bloomberg) — Oil fell after US crude inventories increased the most since November, swelling even more than an industry-funded report had indicated they would. Most Read from Bloomberg West Texas Intermediate slipped below $78 a barrel after earlier rising as much as 1.2%. US crude stockpiles increased 12 million barrels last week, bringing inventories to […]
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