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Brent, WTI Crude Oil Prices on Track for Weekly Gains
2021-02-12 20:20:00| OGI
WTI crude oil in the U.S. was on track for a weekly gain of about 5% while Brent was set for a 5.7% rise on the week due to hopes a U.S. stimulus will boost the economy and fuel demand.
US Crude Oil Stockpiles Plunge Unexpectedly Last Week
2021-02-10 19:55:00| OGI
Crude oil inventories in the U.S. fell by 6.6 million barrels in the week to Feb. 5 to 469 million barrels, compared with expectations in a Reuters poll for a 985,000-barrel rise.
Tags: week
oil
crude
unexpectedly
US Crude Oil Stockpiles Plunge to Lowest Since March 2020
2021-01-27 18:05:00| OGI
The decline was the result of a sharp falloff in imports and a 2.3 million-barrel drawdown in oil stockpiles at the Cushing delivery hub for crude futures in Oklahoma.
Magellan, Enterprise to Develop Houston Crude Oil Futures Contract
2021-01-22 11:15:00| OGI
Quality specifications will be consistent with WTI crude oil originating from the Permian Basin, with delivery capabilities at either Magellan's East Houston terminal or Enterprise's ECHO terminal.
Tags: develop
contract
oil
enterprise
Report: US Crude Oil Stockpiles Tumble Last Week
2021-01-06 18:50:00| OGI
Crude oil inventories in the U.S. fell by 8 million barrels in the week to Jan. 1 to 485.5 million barrels, their biggest decline since August, exceeding analysts' expectations.
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