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US crude oil News
US crude oil
Oil dips on higher US fuel stocks, but overall market remains supported
Wed, Jan 24, 2018
Oil prices fell on Wednesday, weighed down by data that showed an increase in US crude oil and gasoline inventories. Brent crude oil futures were at $69.83 a barrel at 0444 GMT, down 13 cents from their last close.
Oil prices dip after US crude hits near two-year high on pipeline shutdown
Thu, Nov 23, 2017
Markets are also tightening globally due to an effort led by the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC producers, including Russia, to withhold output.
Oil prices dips on record US exports, but OPEC-led supply cuts lend support
Thu, Oct 05, 2017
The declines came after the Energy Information Administration (EIA) said late on Wednesday that US crude oil exports jumped to 1.98 million barrels per day (bpd) last week.
India to receive first ever shipment of US oil tomorrow
Sun, Oct 01, 2017
Indian Oil Corp (IOC) in early July booked the first US cargo, opening floodgates that saw other state-owned refiners
Saudis take 100% control of America's largest oil refinery
Tue, May 02, 2017
Port Arthur is considered the crown jewel of the US refinery system. The Gulf Coast facility can process 600,000 barrels of oil per day, making it the largest refinery in North America, CNNMoney reported.
Entire oil futures curve moves above $50 as financial confidence in crude rises
Fri, Oct 07, 2016
US oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in the sector.
Oil prices rise on reported US crude stock draw, firm Japan import data
Wed, Sep 21, 2016
Traders said that the main WTI price driver had been American Petroleum Institute data showing a 7.5-million barrel draw to 507.2 million barrels in U.S. crude inventories, the third weekly stock draw.
Oil rises on smaller-than-expected build in U.S. crude stocks
Wed, Sep 14, 2016
Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 % in the previous session, as data from an industry group showed a smaller-than-expected build in U.S. crude stocks.
Oil prices dip on stronger dollar; rise in U.S. crude stocks data
Wed, Aug 31, 2016
Crude oil futures fell in early trade on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories.
Oil prices fall over 1%, on strong dollar, Iraq output
Tue, Aug 30, 2016
Oil prices settled down more than 1 percent on Monday, snapping two consecutive days of gains, on renewed concerns about an oil glut, a stronger dollar and expectations that Nigerian rebels will stop hampering that country`s crude output.
Wall Street drags Asian shares; RBA to take rate cut decision today
Tue, Aug 02, 2016
Australian shares were 0.1% lower.
Asian shares open flat, Nikkei down 0.1%
Fri, Jul 29, 2016
Asian shares edged lower after reaching near one-year highs on Friday. Investors waited to see if the Bank of Japan will come up with stimulus that would meet markets` expectations, a report by Reuters stated.
Asian shares open lower as Feds kept rates unchanged
Thu, Jul 28, 2016
Asian share markets opened lower on Thursday as US Federal Reserve kept federal rates unchanged. In an attempt to closely monitor inflation indicators and global economic and financial developments the US Federal Reserve kept the federal funds rate unchanged.
Asian shares cautious ahead of US Fed meet
Wed, Jul 27, 2016
Asian share markets opened in green on Wednesday ahead of US Federal Reserve’s policy decision on capping gains, a report by Reuters stated. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%.
Asian shares dip as Wall Street slides on weak corporate results
Fri, Jul 22, 2016
Asian shares fell on Friday as Wall street’s record highs were broken on the back of weak corporate results. S&P 500 futures closed at 2,165.17 points down 7.85 points or 0.36%.
Asian shares edge up on oil price recovery
Thu, Jul 21, 2016
Asian share markets opened higher on Thursday on the back of recovery in crude oil prices. The rise was also attributed to record highs on Wall Street, a story by Reuters reported. S&P 500 closed 0.43% higher at 2,173 points.
Asian shares dip as Wall street fades
Wed, Jul 20, 2016
Asian shares dropped after Wall Street showed signs of decrease on Wednesday. MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.2%. Nikkei fell 0.5%, on track to snap a six-day winning streak, a Reuters story reported.
Asian shares edge lower as crude oil spirals down
Tue, Jul 19, 2016
Asian shares opened lower on Tuesday. According to a story by Reuters, Asian shares edged lower as a downturn in crude oil curbed the enthusiasm from fresh record highs on Wall Street.
Asian stocks recover losses, Australian dollar wobbles amid uncertain election
Mon, Jul 04, 2016
Asian shares shrugged off early losses and edged higher on Monday, while the Australian dollar was under pressure after no clear winner emerged from a weekend election.
Asian stocks recover losses from Brexit; pound under pressure
Fri, Jul 01, 2016
Asian stocks rose on Friday as risk appetite continued to recover from last week`s Brexit shock, but the pound came under renewed pressure after the Bank of England`s governor hinted at an interest rate cut ahead.