United States

Laila Kearney

Oil slumps 4% on U.S. crude build, slowing demand fears

Jun 12 2019

NEW YORK Oil prices tumbled 4% on Wednesday to their lowest settlements in nearly five months, weakened by another unexpected rise in U.S. crude stockpiles and by a dimming outlook for global oil demand. | Video

Oil jumps 2% as possible delay of U.S. tariffs on Mexico boosts equities

Jun 06 2019

NEW YORK Oil prices jumped more than 2% on Thursday, reversing course after falling to near five-month lows in the previous session, following a report that the United States could postpone tariffs on Mexico.

As Permian oil production turns lighter, price outlook darkens

Jun 06 2019

NEW YORK The United States may now be the world's biggest crude producer, but the oil being produced in its prolific Permian basin is increasingly too light in density for domestic refiners or for exports, eroding prices for these orphan barrels.

Oil falls as trade worries mount, Saudi comments limit losses

Jun 03 2019

NEW YORK Oil fell on Monday as U.S. trade disputes with Mexico and China deepened concerns about weakening global crude demand, while a slump in equities also weighed on crude futures.

Oil up more than 1% on Mideast tensions and supply cuts

May 27 2019

NEW YORK, LONDON Oil prices rose more than 1% on Monday, supported by Middle East tensions and OPEC-led supply cuts as well as continued crude disruptions from Russia after a contamination problem discovered last month.

Oil loses about 2% on swelling U.S. stockpiles, demand worries

May 22 2019

NEW YORK Oil prices fell about 2% on Wednesday as an unexpected build in U.S. crude inventories compounded investor worries that a trade fight between Washington and Beijing could dent crude demand over the long haul.

Oil little changed as U.S.-Iran dispute supports, trade war weighs

May 21 2019

NEW YORK Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand.

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