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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.

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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.

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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.

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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.

Tags: report week oil crude

 

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