Tag Archives: American Petroleum Institute

Oil futures drop for 3rd session on rising crude stocks, oversupply

By Keith Wallis SINGAPORE (Reuters) – Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half…

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Oil falls 2-3 percent on surplus worries, as U.S. drops toward $27

By Keith Wallis SINGAPORE (Reuters) – Crude futures slumped again in Asian trade on Wednesday, with U.S. oil droppping more than 3 percent toward $27 a barrel & its lowest…

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Oil falls on U.S. supply build, expected Fed rate hike

By Simon Falush LONDON (Reuters) – Oil fell on Wednesday on fresh evidence of growing global oversupply & as investors awaited the outcome of a U.S. Federal Reserve meeting at…

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Oil up 3 pct; covering support stops slide to 11-year low

By Barani Krishnan NEW YORK (Reuters) – Oil rose 3 percent on Tuesday as short-covering & technical support halted its slide to 11-year lows, yet traders said the market remained…

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Oil prices extend losses on U.S. oil inventory, manufacturing data

By Keith Wallis SINGAPORE (Reuters) – Oil prices fell as much as over 2 percent in early Asian trade on Wednesday, as a stronger than expected build in U.S. crude…

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Oil turns lower on expectations of crude oil inventory rise

By Robert Gibbons NEW YORK (Reuters) – Crude oil futures fell on Tuesday as expectations that this week's reports will show U.S. crude inventories rose again countered supportive news of…

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Brent tumbles below $60, supply glut raises doubts on rally

By Barani Krishnan NEW YORK (Reuters) – The comeback rally in oil paused on Wednesday, with Brent crude falling below $60, as traders took stock of the market's blistering 35…

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Brent hits 5-1/2-year low near $57, supply glut weighs

By Keith Wallis SINGAPORE (Reuters) – Brent oil fell to a fresh 5-1/2-year low near $57 per barrel on Tuesday, as persistent worries approximately a global supply glut offset concerns…

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Brent ends below $60, U.S. crude settles up, then dips

By Barani Krishnan NEW YORK (Reuters) – Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile…

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Oil sinks to four-year low below $83 as economic worries mount

LONDON (Reuters) – Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month…

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