Tag: Nick Holmes

Oil Jumps Near $60 on Biggest U.S. Stockpile Drop Since 2016 Inventories declined 12.8 million barrels last week, EIA says WTI climbs as much as 3.6%, as draw far exceeds expectations Oil rose near $60 a barrel for the first time this month as a huge drop in U.S. crude inventories bolstered the outlook for […]

Oil Set for Year’s Worst Month as U.S. Glut Adds to Trade Woes Decline in stockpiles just one-fifth of expected withdrawal WTI dropped 3.8% as EIA report adds to U.S.-China tension Oil was on track for its worst monthly loss this year after a smaller-than-expected withdrawal from U.S. storage facilities fueled worries about weakening demand. […]

Oil Stumbles as Crude and Gasoline Declines Dash Expectations U.S. inventories fell by 1.4 million barrels last week: EIA Stock draws show tightening market but fall below API forecast Oil lost ground after government data showed U.S. crude and gasoline supplies shrinking less than forecast by an industry report. Futures in New York closed down […]

Crude Oil Market Rallies on Fading Fears of a Glut Wagers on rising U.S. crude price reach highest since October Positive sentiment may be close to peak: U.S. Bank’s Haworth The oil market has all but forgotten last year’s price crash. Money managers haven’t been this optimistic about U.S. oil prices since early October, just […]