U.S. crude oil falls below $80, hits seven-week low as stockpiles surge on lackluster demand
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling and the U.S. economy is growing more slowly than expected.
Oil prices set for steepest weekly drop in 3 months
Oil prices edged higher on Friday, but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a sell-off limited by the prospect OPEC+ will continue to curb output.
Oil prices bounce after crude sees biggest drop since early January
Oil futures rose early Thursday, attempting to bounce back a day after data showing a jump in U.S. crude inventories sparked the steepest one-day selloff since early January. Front-month WTI and Brent on Wednesday saw their lowest closes since March 12,
U.S. crude oil bounces after hitting seven-week low on surging U.S. inventories
U.S. crude oil edged higher on Thursday after selling off to a seven-week low on a surge in petroleum inventories on softening demand. West Texas Intermediate June contract: $79.40 a barrel, up 39 cents,
Oil prices rise on talk of extended OPEC+ supply cuts
Investing.com-- Oil prices rose Thursday, recovering from near two-month lows, helped by talk of an extension of OPEC+ supply cuts. At 08:20 ET (12:20 GMT), Brent oil futures rose 1% to $84.28 a barrel,
Oil prices ends lower as weekly U.S. crude supplies rise by over 7 million barrels
Oil futures fell for a third straight session on Wednesday, settling at their lowest level since mid-March, after official U.S. data revealed an unexpected weekly rise of more than 7 million barrels in domestic crude inventories.
Crude oil prices drop 5% in 2 sessions on sharp rise in US inventories, down 10% from April peaks
Brent crude drops by 3% to hit a seven-week low of $83.29 per barrel in previous sessions due to rising US stockpiles, while WTI crude falls below $79. Both ended their winning streak in April with declines.
Oil Extends Slump Below $80 a Barrel After US Stockpiles Swell
Oil extended its recent skid as US crude inventories swelled to the highest since June, while the Federal Reserve signaled ...
US crude stockpiles slump unexpectedly as exports jump, EIA says
U.S. crude oil inventories unexpectedly fell sharply last week as exports jumped, while gasoline stockpiles decreased less ...
Seeking Alpha9d
U.S. crude stockpiles fell 3.2M barrels last week, API says
The American Petroleum Institute reportedly shows a draw of 3.23M barrels of oil in U.S. commercial stockpiles for the week ending April 19. Gasoline inventories reportedly show a draw of 595K ...
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial ...
Wall Street Journal9d
U.S. Crude Oil Stockpiles Fall For First Time in Five Weeks
U.S. crude oil stocks fell sharply in a first withdrawal in five weeks while refineries increased their capacity use, according to data released Wednesday by the U.S. Energy Information ...
NATO chief Jens Stoltenberg: Supporting Ukraine a priority over replenishing military stockpiles
NATO Secretary-General Jens Stoltenberg said providing Ukraine with the firepower to beat back Russian invaders should be the priority for the alliance.
The New York Times13d
U.S. Military Aid for Ukraine Could Soon Flow Again
A sizable amount is set aside to replenish U.S. defense stockpiles, and billions more would be used to purchase U.S. defense systems, which Ukrainian officials say are badly needed. In a statement ...
Indiatimes7d
Is China stockpiling oil and other resources in case of future war?
Amid rising Russian imports post Ukraine invasion, China consumes 14M barrels/day, preparing for potential future conflicts and building strategic stockpiles. China Ocean Shipping Company vessel ...
Oil Holds Modest Loss as Risk-Off Tone Counters Lower Stockpiles
Oil held a modest decline, with a risk-off tone in broader markets countering a drawdown in US stockpiles. (Bloomberg) — Oil ...
Anadolu Ajansi8d
Oil prices up over fall in US stockpiles and Middle East tensions
Oil prices increased on Thursday with indicators of strong US demand and supply risks from tensions in the Middle East.
Cartlidge: Munitions sent to Ukraine depleted UK stockpiles
Defence Minister James Cartlidge says that supplying munitions to Ukraine has depleted the UK’s stockpiles as he outlines the ...
RBC Ukraine on MSN2d
Defense Intelligence discloses Russia's missile stockpiles and production dynamics
Currently, the Russian Federation has about 270 units of ZM-14 Iskander cruise missiles. The enemy produces up to 40 units ...