Us News Oil Prices Hold Gains After U S Crude Inventory Draw Reuters

Oil prices settle slightly higher as market assesses mounting supply risks

Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further U.S. sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers. Read More

Oil Prices Edge up After Reports of Possible US Sanctions on Russia, Venezuela Blockade

The Venezuela blockade could affect 600,000 barrels per day of Venezuelan oil exports, mostly to China, but 160,000 bpd of exports to the U.S. would likely continue, ING said. Chevron vessels were ... Read More

EIA Reports Modest U.S. Crude Draw after API Surprise

Crude oil inventories in the United States decreased by 1.3 million barrels during the week ending December 12, after losing 1.8 million barrels in the week prior ... Read More

Oil Adds to Gains with Venezuela, Russia-Ukraine in Focus

Oil futures added modestly to gains with market focus on efforts toward a Russia-Ukraine peace agreement and stepped up U.S. actions against Venezuela. Read More

Oil rises as Trump's Venezuela blockade takes edge off global crude surplus concerns

Oil prices rallied by more than 1% on Wednesday after U.S. President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising global political ... Read More

Oil extends gains as US seizes oil tanker near Venezuela

Oil futures extended gains post-market after the U.S. seized an oil tanker off the coast of Venezuela in what’s seen as an escalation of tensions between Washington and Caracas. Read More

Oil prices fall as rising US inventories reinforce oversupply concerns

BEIJING (Reuters) -Oil prices fell on Wednesday as an industry report showing crude and fuel inventories rose last week in the U.S., the world's biggest crude consumer, reinforced mounting concerns ... Read More

Oil edges higher on inventory draw and equities rally

LONDON (Reuters) -Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw in U.S. crude stockpiles and a broader equities rally. Brent crude ... Read More

Crude oil prices extend gains; Brent hits $63, WTI nears $60 after Ukraine strike on Russian oil pipeline

Crude prices extended gains into a second session on Thursday, December 4, with Brent crude futures rising 0.52% to $63 per barrel, while WTI crude futures gained nearly 1%, reaching the day’s high of ... Read More

The World Is Awash With Oil and Prices Are Poised to Keep Falling

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US. Read More