Edition:
United States

Barani Krishnan

Oil prices tumble 3 percent on record U.S. crude build

Nov 02 2016

NEW YORK Oil prices tumbled 3 percent on Wednesday after a record weekly build in U.S. crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.

Oil ends down but off lows, then slides on API report

Nov 01 2016

NEW YORK Oil prices settled lower on Tuesday, then tumbled again after hours following a trade group's report of a U.S. crude inventory build nine times larger than forecast.

U.S. gas futures for 2017 lead market as funds bet on pipeline delay

Oct 28 2016

NEW YORK Potential delays in pipeline construction have prompted hedge funds to pile into U.S. natural gas futures for 2017, creating an anomaly in prices.

Hedge funds slash U.S. crude longs as OPEC dithers on cuts

Oct 28 2016

Money managers have cut their bullish holdings in U.S. crude the first time in five weeks, data showed on Friday, after back-and-forth talk by OPEC members raised doubts on the producer group's ability to trim a global oil glut.

Oil settles up; extends gains as API reports U.S. crude draw

Oct 18 2016

NEW YORK Oil prices settled up on Tuesday on expectations of OPEC output curbs, then extended gains in post-settlement trade as an industry group's data showed an unexpected draw in U.S. crude inventories last week.

Oil settles up; extends gains as API reports U.S. crude draw

Oct 18 2016

NEW YORK Oil prices settled up on Tuesday on expectations of OPEC output curbs, then extended gains in post-settlement trade as an industry group's data showed an unexpected draw in U.S. crude inventories last week.

Hedge fund BBL sees more gains for diesel, heating oil

Oct 18 2016

NEW YORK Energy hedge fund BBL Commodities expects a further rally in U.S. distillate prices, including diesel and heating oil, after successfully betting on those prices in September, it said in an investor letter.

Oil ends up; refined products draw offset U.S. crude build

Oct 13 2016

NEW YORK Oil prices settled up on Thursday after a U.S. government report showing hefty draws in diesel and gasoline offset the first crude inventory build in six weeks.

First U.S. crude stock build in six weeks forecast, even as refiners run hard

Oct 13 2016

After five straight weeks of falls in U.S. crude stockpiles confounding expectations, oil market analysts calling for a rise in storage this week are banking on refineries finally cutting output in the way they typically do at this time of year.

Oil ends lower on OPEC output hike; U.S. stockpile rise seen

Oct 12 2016

NEW YORK Oil prices fell on Wednesday after OPEC reported another monthly hike in output and extended losses in post-settlement trade as industry data suggested the first U.S. crude inventory build in six weeks.

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