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:
  • U.S. crude up, shrugs off domestic crude stock rise
    NEW YORK (Reuters) – U.S. crude rose on Wednesday, shrugging off data showing rising domestic fuel inventories and production, and both U.S. crude and Brent held within sight of three-year highs reached the previous day. Supplier cutbacks, steady demand ...
    04/25/2018 - 7:25 am | View Link
  • Oil hovers near $74 as U.S. bonds, crude supply cast a shadow
    LONDON (Reuters) - Oil edged lower on Wednesday, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Supplier cutbacks, steady demand growth, geopolitical ...
    04/25/2018 - 3:07 am | View Link
  • Oil hovers near $74 a barrel, U.S. bonds, crude supply cast a shadow
    LONDON (Reuters) - Oil eased on Wednesday, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Overall, the environment for oil is bullish. Supplier cutbacks ...
    04/25/2018 - 1:17 am | View Link
  • In Trump's Texas, ‘Artificially Very High’ Oil Is a Job Booster
    The state where he beat Hillary Clinton by almost 1 million votes in 2016 is booming, thanks largely to a revived oil industry that has seen crude prices rise to more ... And while statewide unemployment hovers at 4 percent, in the unofficial capital ...
    04/20/2018 - 5:45 am | View Link
  • UPDATE: Oil moves lower after Trump blames OPEC for 'artificially high' prices
    after the major oil producers meeting in Saudi Arabia reportedly said that the market's global glut of crude supplies has nearly vanished. On Wednesday (http://www.marketwatch.com/story/oil-prices-rise-on-optimism-ahead-of-us-supply-data-2018-04-18 ...
    04/20/2018 - 4:41 am | View Link
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