6 hrs ago
Futures Movers: Oil futures extend gains on inventory fall
Oil prices jumped 1.2% on Wednesday after the U.S. Energy Information Administration said in its weekly report that U.S. domestic crude oil inventories dropped 5.6 million barrels to 385.8 million in the week ended Nov. 29, declining for the first time in 11 weeks.
17 hrs ago
Oil and natural gas daily review
Crude oil prices jumped to a one-month high on Tuesday on news that a new pipeline would start carrying oil to refineries in Texas.
Tue Dec 03, 2013
COMMODITIES-Broad drop on worries about Fed stimulus; oil up again
Most commodities closed down on light volume on Tuesday as investors fretted that the Federal Reserve may soon reduce U.S. economic stimulus, but oil rallied on supply worries, boosting a benchmark commodities index which remained near one-month highs.
The Jackson Sun
Oil jumps on news of pipeline opening
The price of oil jumped more than 2 percent Tuesday on the prospect of more oil flowing out of a key storage hub in the middle of the U.S. TransCanada said the southern leg of its Keystone XL pipeline should be operational early next month.
North American Energy Trends: The Views From 2 Midstream Giants
The shale revolution has changed the North American energy landscape dramatically over the past five years, enabling the US to grow its annual crude-oil output for the first time in decades and overtake Russia as the world's leading producer of natural gas.
Mon Dec 02, 2013
Midwest Gasoline Falls to Record Low as Refineries Boost Rates
Conventional, 85-octane gasoline in the Mid-continent, or Group 3 market was 44 cents a gallon below futures on the New York Mercantile Exchange at 2:38 p.m., the largest discount since at least 1990, according to data compiled by Bloomberg.
Thu Nov 28, 2013
Oil flat in thin trade
Oil prices were flat in Asian trade on Friday after the Thanksgiving holiday in the United States, with investors increasingly concerned over growing US crude stockpiles, analysts said.
Wed Nov 27, 2013
The Washington Post
WTI Crude Tumbles to Six-Month Low on Surging U.S. Inventories
West Texas Intermediate crude fell to the lowest level in almost six months on rising U.S. stockpiles and production.
Nymex oil near six-month low as U.S. supplies rise
That was the lowest close for a most-active contract since May 31, FactSet data show.
Mon Nov 25, 2013
Betting on oil spreads: from money spinner to widow maker
One of the most popular trading bets in oil markets, based on attempts to predict price differences between European and U.S. oil benchmarks, is proving to be one of the trickiest as funds suffer losses after sky-high gains earlier this year.
Fri Nov 22, 2013
The Washington Post
Brent-WTI Spread Reaches Eight-Month High on U.S. Supply Gains
West Texas Intermediate's discount to Brent reached an eight-month high as rising inventories weighed on U.S. futures and limited progress in Iran nuclear negotiations supported Brent.
Wed Nov 20, 2013
Crude Gains as Inventories Rise Less Than Expected
Prices erased an earlier loss after the Energy Information Administration said stockpiles grew 375,000 barrels in the week ended Nov. 15, below the 1 million-barrel increase forecast by 11 analysts surveyed by Bloomberg.
Mon Nov 18, 2013
The Motley Fool
American Oil Executives: We Don't Know Where the Norm Is
Traditionally, the refining industry has been known for reverting back to the norm when it comes to oil and gas prices.
Fri Nov 15, 2013
Green Car Congress
EIA forecasts Bakken oil production will top 1M barrels per day next month;
The latest monthly update of estimated crude oil production in the Bakken region of North Dakota and Montana shows total wellhead output topping 1 million barrels of oil per day next month.
Price drops on rising inventories as Brent spread widensNovember 16,...
West Texas Intermediate crude fell Thursday as rising U.S. inventories overcame optimism that Janet Yellen will maintain Federal Reserve Board stimulus efforts.
Thu Nov 14, 2013
The Washington Post
WTI's Discount to Brent Widens to Eight-Month High on Supply
West Texas Intermediate's discount to Brent widened to the biggest in almost eight months as the U.S. benchmark dropped amid rising inventories.
Wed Nov 13, 2013
Brent steady above $107; Yellen speech, inventories in focus
Brent futures held steady above $107 per barrel on Thursday, as investors balanced dovish Federal Reserve comments with expectations of a rise in U.S. crude inventories.
U.S. Cash Crude-Differentials weaken as inventories rise
U.S. cash crude differentials weakened on Wednesday as rising crude oil inventories in the United States and the key Cushing, Oklahoma, hub helped apply pressure, brokers and traders said.
EIA chief outlines U.S. short-term energy outlook
U.S. Energy Information Administration Administrator Adam Sieminski issued the following comments Wednesday on EIA's November 2013 Short-Term Energy Outlook: "U.S. gasoline prices fell during nine of the last 10 weeks and are expected to keep dropping through the end of the year.
Tue Nov 12, 2013
Keystone XL Southern Extension Dents, Sags Show Need For More Tests, Public Citizen Says
The Keystone XL pipeline section from the oil transport hub of Cushing, Okla., to the Texas Gulf Coast is plagued by construction problems, code violations and improper inspection and shouldn't be allowed to operate until the government steps up oversight, the watchdog group Public Citizen argued in a report Tuesday.