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Tag: oil crude
US Crude Oil Stockpiles Unexpectedly Drop for First Time Since January
2020-05-13 20:00:00| OGI
Stocks in Cushing fell by 3 million barrels in the last week, the EIA said. The hub, coming into this week's data, is more than 80% full, as producers find themselves with fewer places to store oil.
$42/Bbl Crude Oil Price in a Month? Heres How it Could Happen
2020-05-07 15:54:22| OGI
After dipping into negative territory for the first time ever in April, crude oil prices could be headed toward $42/bbl.
Oil Posts Double-digit Gains after US Crude Storage Build Slows
2020-04-29 21:30:00| OGI
U.S. WTI crude futures settled at $15.06/bbl, jumping $2.72, or 22%. Brent crude futures settled at $22.54/bbl, up $2.08, or 10.2%.
WTI Plunges 27%, Brent Crude Oil Below $20 a Barrel
2020-04-27 19:30:00| OGI
Even as governments worldwide are taking tentative steps towards reducing restriction on movement to help economies rebound, oil demand remains weak.
Negative $40 Oil Reflects Panic, US Crude Market Economic Reality
2020-04-21 11:10:00| OGI
Investors sold the May futures contract due to expire on April 21 in a series of waves. At one point the contract hit negative $40.
Tags: market
economic
negative
oil
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