Oil Hovers Above $79 After Us Crude Supply Jump

Oil hovered above $79 a barrel Wednesday in Asia after a report showed a surprise increase in U.S. crude supplies, suggesting demand remains weak.

Topics:  asia   u.s    oil   crude   
  • Oil hovers around $46 as US, Libya lift output
    The global benchmark crude traded at a premium of $2.21 to WTI ... to cut output as part of the broader deal between OPEC and its partners to lower global oil supply and plans a “gradual” production increase, according to the country’s oil minister.
    07/17/2017 - 7:22 pm | View Link
  • Oil Hovers Near $44 as Market Weighs Libya, Nigeria Output Caps
    The global benchmark crude traded at a premium of $2.28 to September WTI. If Libya and Nigeria are able to stabilize their output at current levels, they will be asked to cap supply as soon as possible, Kuwait’s Almarzooq said. “The output from Libya ...
    07/9/2017 - 12:59 pm | View Link
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    Crude oil futures crept higher Monday ... Venezuela, Saudi Arabia, and others are showing signs of strain. However, OPEC's supply quota plan with Russia has flopped. U.S. producers are flooding the market with oil, keeping prices well below $50 a barrel.
    06/25/2017 - 9:08 pm | View Link
  • Crude Oil Edges Higher But Still Hovers Around Bear-Market Lows
    Oil prices have been depressed since the Organization of the Petroleum Exporting Countries and other producers decided on May 25 to extend an agreement that withholds almost 2% of the global crude supply from the market. OPEC's aim is to decrease the ...
    06/21/2017 - 2:31 am | View Link
  • Oil finishes at a 9-month low, in bear-market territory
    Brent crude for August delivery UK:LCOQ7 on London’s ICE Futures exchange slid 89 cents, or 1.9%, to $46.02 a barrel. Prices ended at their lowest since mid November. WTI saw “capitulation” ahead of the July contract’s expiration, with supply ...
    06/20/2017 - 10:25 pm | View Link
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    U.S. shale has significantly reduced hedging activity as it expects oil prices to reach higher levels in the near term
    07/17/2017 - 6:54 am | View Website
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  • Oil prices have been nose-diving, and one chart explains why
    In recent weeks, amid relative calm in the stock market, oil prices have slid back to their lowest level in a year. On Wednesday, WTI crude oil, the U.S. benchmark ...
    07/16/2017 - 9:07 pm | View Website
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