SlavkoSereda/iStock via Getty Images Crude oil futures climbed for a second straight session Thursday, as a tamer than expected U.S. inflation reading is seen raising the chances of a September interest rate cut by the Fed. The U.S. government reported the consumer price index declined 0.1% in June, falling forContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures fell for a third straight session Tuesday, after Hurricane Beryl appeared to cause little lasting damage to energy facilities on the Texas coast, and operations are expected to be fully restored quickly. Multiple refineries that were shut as a precaution ahead of theContinue Reading
imaginima/E+ via Getty Images Total active rigs drilling for oil and gas in the U.S. gained for the first time after six consecutive weekly declines, adding 4 to 585 according to Friday’s report from Baker Hughes. Despite the increase, the total count was still down 95 rigs, or 14%, belowContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures gave up early gains to finish lower Tuesday, as concerns over potential supply disruptions from Hurricane Beryl eased during the session. U.S. crude had climbed on Monday, as traders believed Beryl might have a wider impact on offshore oil production areas in theContinue Reading
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a draw of 9.16M barrels of oil in U.S. commercial stockpiles for the week ending June 28. Gasoline inventories reportedly show a build of 2.47M barrels for the week, distillate inventories show a draw of 740K barrels, and stockpiles atContinue Reading
imaginima/E+ via Getty Images Total active rigs drilling for oil and gas in the U.S. fell by another 7 to 581, the rig count’s fourth consecutive weekly decline and eighth loss in the past 10 weeks, Baker Hughes reported Friday. Drilling rigs targeting crude oil in the U.S. dropped 6Continue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures tilted lower Tuesday after ending the previous session at nearly two-month highs, as the oil market awaits the weekly U.S. inventories report for indications of demand for crude and gasoline ahead of the July 4 holiday weekend. Claudio Galimberti, director of global marketContinue Reading
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a surprise build of 914K barrels of oil in U.S. commercial stockpiles for the week ending June 21. Gasoline inventories reportedly show a build of 3.84M barrels for the week, distillate inventories show a draw of 1.18M barrels, and stockpilesContinue Reading
