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US Crude Oil Stockpiles Unexpectedly Drop for First Time Since January

2020-05-13 20:00:00| OGI

Stocks in Cushing fell by 3 million barrels in the last week, the EIA said. The hub, coming into this week's data, is more than 80% full, as producers find themselves with fewer places to store oil.

Tags: time since january oil

 

$42/Bbl Crude Oil Price in a Month? Heres How it Could Happen

2020-05-07 15:54:22| OGI

After dipping into negative territory for the first time ever in April, crude oil prices could be headed toward $42/bbl.

Tags: it price month oil

 
 

Oil Posts Double-digit Gains after US Crude Storage Build Slows

2020-04-29 21:30:00| OGI

U.S. WTI crude futures settled at $15.06/bbl, jumping $2.72, or 22%. Brent crude futures settled at $22.54/bbl, up $2.08, or 10.2%.

Tags: posts build storage oil

 

WTI Plunges 27%, Brent Crude Oil Below $20 a Barrel

2020-04-27 19:30:00| OGI

Even as governments worldwide are taking tentative steps towards reducing restriction on movement to help economies rebound, oil demand remains weak.

Tags: a oil crude brent

 

Negative $40 Oil Reflects Panic, US Crude Market Economic Reality

2020-04-21 11:10:00| OGI

Investors sold the May futures contract due to expire on April 21 in a series of waves. At one point the contract hit negative $40.

Tags: market economic negative oil

 

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