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Laila Kearney

Oil prices inch up on signs of tighter global supply

Apr 18 2019

NEW YORK Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.

Oil rises 1 percent on tightening crude supply, upbeat economic data

Apr 12 2019

NEW YORK Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand.

Oil rallies as U.S. gasoline inventory draw offsets crude build

Apr 10 2019

NEW YORK Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela's crude supply.

Oil dips on global growth worry, possible output rise

Apr 09 2019

NEW YORK Oil fell from five-month highs on Tuesday after the International Monetary Fund cut its global economic growth forecasts and as Russia signaled it may retreat from its production-cutting deal with OPEC.

Oil prices rise 1.5 percent as strong U.S. economic data eases demand concerns

Apr 05 2019

NEW YORK Oil prices gained 1.5 percent on Friday as strong U.S. employment data tempered fears about weakening global crude oil demand, and on expectations that an escalating conflict in Libya could tighten oil supplies.

U.S. crude output growth could slow as shale revolution loses momentum

Apr 05 2019

NEW YORK After Texas pushed the United States over the last decade to become the world's biggest oil producer last year, the heart of the shale revolution is starting to show fatigue.

U.S. crude output growth to slow as shale revolution loses momentum

Apr 05 2019

NEW YORK, April 5 After Texas pushed the United States over the last decade to become the world's biggest oil producer last year, the heart of the shale revolution is starting to show fatigue.

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