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   
BING NEWS:
  • Oil Hovers Near Multimonth Highs
    "In case the supply cut deal is confirmed at the end of November oil bulls could also decide the time has come to take profit," said Tamas Varga, analyst at brokerage PVM. While both global and U.S. crude futures have surged, Brent has pulled ahead of the ...
    10/31/2017 - 4:36 am | View Link
  • Oil hovers near four-week high on Saudi pledge to end glut
    TOKYO: Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia said it was determined to end a supply glut. Brent crude, the global benchmark, was up 8 cents at $58.41 a barrel by 0437 ...
    10/25/2017 - 1:40 am | View Link
  • Crude Oil Hovers Near $43 As OPEC Flounders
    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 hovers near $40/barrel
    WTI crude slumped over 4% on Wednesday on data showing an unexpected U.S. supply build of 2.6M barrels, sending prices to levels not seen since early 2009. Oil futures now look set to fall into the $30s per barrel, a low range many analysts did not see coming.
    08/19/2015 - 10:09 pm | View Link
  • Crude oil hovers below US$100 a barrel on economic, supply worries
    The price of oil slipped a little on Tuesday as the market weighed potentially weaker global economic growth against continued disruptions of Libyan crude supplies. Benchmark West Texas Intermediate crude for May delivery fell 41 cents to close at US$99.19 ...
    03/24/2014 - 10:44 pm | View Link
  • More
BING SEARCH:
  • Crude oil hovers above $50 on signs supply ...
    Oil futures trade lower on Tuesday, threatening to halt a winning streak at five days amid concerns global supplies may remain robust despite efforts by major ...
    11/16/2017 - 6:06 am | View Website
  • U.S. crude slips on inventory build, gasoline rallies ...
    U.S. oil prices slipped on Wednesday after a surprising increase in U.S. crude ... U.S. oil prices slipped on Wednesday ... to end a three-year supply ...
    10/25/2017 - 3:39 pm | View Website
  • Oil prices slip after data show surprise rise in US crude ...
    Oil prices fell on Wednesday after government data showed U.S. crude stocks rose last week while gasoline stocks and distillate inventories fell. Oil ... supply glut ...
    10/24/2017 - 9:45 pm | View Website
  • Oil Hovers in Tight Trading Range Amid Global Supply Tug ...
    Oil held above $53 a barrel, after ... Oil Hovers in Tight Trading Range Amid Global Supply Tug of ... U.S. crude stockpiles have increased the past six ...
    02/19/2017 - 6:36 pm | View Website
  • Oil hovers above $79 after US crude supply jump
    Oil hovered above $79 a barrel Wednesday as the market awaited the outcome of a summit of European leaders and a report showed a surprise increase in U.S ...
    06/27/2012 - 8:25 am | View Website
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