Edition:
United States

Jessica Resnick-Ault

Oil posts monthly gains as U.S. reports record output cuts in May

Jul 31 2020

NEW YORK Oil prices rose on Friday and were on track for monthly gains, benefiting from news that U.S. oil output cuts in May were the largest on record.

U.S. crude output in May plummets by a record 2 million bpd

Jul 31 2020

NEW YORK U.S. crude oil production plummeted in May, falling a record 2 million barrels per day to 10 million bpd, the U.S. Energy Information Administration said in a monthly report on Friday.

UPDATE 2-U.S. crude output in May plummets by a record 2 mln bpd

Jul 31 2020

NEW YORK, July 31 U.S. crude oil production plummeted in May, falling a record 2 million barrels per day to 10 million bpd, the U.S. Energy Information Administration said in a monthly report on Friday.

U.S. crude output in May plummets by a record 2 million bpd

Jul 31 2020

NEW YORK U.S. crude oil production plummeted in May, falling a record 2 million barrels per day to 10 million bpd, the U.S. Energy Information Administration said in a monthly report Friday.

Oil slips as U.S. posts surprise rise in crude inventories

Jul 22 2020

NEW YORK Oil prices edged lower on Wednesday as government data showed a surprise rise in U.S. crude inventories and as tensions escalated between the United States and China.

Oil rises slightly as OPEC+ complies with production cuts

Jul 14 2020

NEW YORK Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States. Brent crude futures settled up 18 cents at $42.90 a barrel, after moving lower earlier in the session. U.S. West Texas Intermediate (WTI) crude futures rose 19 cents to $40.29 a barrel.

Oil steadies as economic data overshadows coronavirus worries

Jul 07 2020

NEW YORK Oil prices settled little changed on Tuesday as demand concerns due to a new surge in coronavirus cases overshadowed U.S. government forecasts for lower production.

U.S. Midwest products prices due to rise from Dakota Access pipeline shutdown

Jul 06 2020

NEW YORK Prices for gasoline and diesel in the U.S. Midwest could rise in the coming months, market participants said, because of a U.S. court ruling on Monday that ordered the largest pipeline from the North Dakota shale oil fields to be shut within a month. | Video

Oil boosted by OPEC+ cuts even as virus weighs on market

Jun 19 2020

NEW YORK Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States' economic rebound.

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