The US will sell another 10 million barrels of sour crude oil, the Department of Energy said on Wednesday in a Notice of Sale, according to S&P Global Platts. The Department of Energy will be accepting offers to purchase the crude through August 28, and delivery must be taken between...
Oil Sinks To Two-Month Low On String Of Bearish News
The oil market was rocked just weeks ago by a major attack on Saudi Oil infrastructure that saw 5.7 million bpd taken offline, but looking at oil prices, you’d never know it. Oil prices fell early on Thursday to their lowest level since early August as mounting evidence of a...
Oil Prices Fall On Bearish EIA Inventory Report
Crude oil price dipped today after the Energy Information Administration reported a crude oil inventory increase for the week to November 8. At 2.2 million barrels, the increase extended a string of seven weekly inventory builds over the last eight weeks that added a total of more than 40 million...
Oil Prices Fall As EIA Reports Crude, Gasoline And Distillate Build
Crude oil prices fell lower today after the Energy Information Administration reported a crude oil inventory increase of 1.6 million barrels for the week to November 22. The build in gasoline stockpiles, however, was larger—and distillate fuels booked a rise as well.