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US crude stocks News

crude inventories

05 Apr 2017

Oil hits one-month high near $55 on tighter supplies

Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.

21 Jan 2016

Oil in unrelenting rout, dives to fresh 12-year low under $27 per barrel

Oil has fallen more than 25 percent so far this year, the steepest such slide since the financial crisis, piling more pain on oil drillers and producing nations alike.

18 Mar 2015

Brent falls towards $53 after US crude stocks rise

Brent for May delivery fell 50 cents to $53.01 a barrel by 0644 GMT after ending the previous session 7 cents up at $53.51.

12 Mar 2015

Brent climbs above $58 on contract covering, geopolitical tension

Geopolitical tensions in the Middle East and North Africa also supported crude futures.

12 Feb 2015

Brent holds near $55 after big fall on record US crude stocks

March Brent futures were up 40 cents to $55.06 a barrel at 0429 GMT, following a 3-percent loss in the previous session that saw prices break below $54 at one point.

06 Nov 2014

Brent gains after US crude stocks data, trades above $83

Brent crude rose above $83 a barrel on Thursday, bouncing further from its lowest level since 2010 after a lower-than-expected rise in U.S. crude stocks and solid U.S. job growth provided relief after a string of negative Chinese data.

10 Sep 2014

Oil hits 16-month low below $99 on strong US supply growth

Brent crude dropped to a fresh 16-month low below USD 99 a barrel on Wednesday with rising supplies and weak demand helping extend losses into a fifth session.

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