Posts Tagged

crude inventories

Business Headlines

published Jan 5th 2017, 2:56 pm, by Mark Shenk (Bloomberg) —Oil rose as Saudi Arabia was said to meet its pledged output cut this month and U.S. stockpiles fell the most in almost four months. The kingdom is going for full compliance with OPEC cuts so other countries do the

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Business Headlines

published Apr 10th 2016, 5:54 pm, by Emma O’Brien (Bloomberg) — U.S. oil topped $40 a barrel for the first time this month, extending Friday’s surge amid easing concern over a global glut ahead of a meeting of major producers. Commodity-linked currencies held on to gains. West Texas Intermediate crude

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Business Headlines

©2015 Bloomberg News NQ24D46JIJUU (Bloomberg) — Oil advanced for the first time in four days amid speculation that U.S. crude stockpiles will decline further, easing a supply surplus. Inventories probably shrank for a seventh week as refiners processed more crude to meet increased fuel consumption in the summer, according to

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