NEW YORK, Aug 22 (Reuters) - Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field. Prices, however, pared gains in post ...
Posted: August 23, 2017, 2:22 am
Last week (ended August 18, 2017), crude oil (USO) prices retreated from $48.82 per barrel to $48.66 per barrel, which was a fall of less than one percentage point. Crude prices found support at their 50-day moving average, which now stands at $46.53.
Posted: August 22, 2017, 5:33 pm
Crude oil inventories fell last week for the ninth week out of the last ten. U.S. economic growth is expected to be 3.8% for Q3 according to the Federal Reserve Bank of Atlanta. Crude oil demand should have bullish fundamentals behind it in the coming weeks.
Posted: August 22, 2017, 5:27 pm
Investing.com – Crude futures settled higher on Tuesday, as traders looked ahead to the release of U.S. inventories data expected to show U.S. supplies of crude oil fell for an eight-straight week. On the New York Mercantile Exchange crude futures for ...
Posted: August 22, 2017, 12:57 pm
(Bloomberg) -- Oil edged higher in New York as traders anticipate yet another decline in U.S. crude stockpiles. Futures rose 0.6 percent, pulling back from a quick surge above $48 a barrel during a choppy session. A government report on Wednesday is ...
Posted: August 22, 2017, 12:15 pm
Oil prices settled higher Tuesday, getting a lift from expectations that U.S. government data set for release Wednesday will show an eighth weekly decline in a row for crude stockpiles. September West Texas Intermediate crude rose 27 cents, or 0.6%, to ...
Posted: August 22, 2017, 11:45 am
Aug. 22 (UPI) --Crude oil prices were moving between slight gains and losses early Tuesday given some competing trends at play in the migration toward market balance. Global crude oil inventory levels have been on a steady decline, but remain above the ...
Posted: August 22, 2017, 7:33 am