Us News Oil Prices Hold Gains After U S Crude Inventory Draw Cnbc
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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 Futures Settle Higher After ‘Bearish’ U.S. Crude Stock Build
1538 ET – Oil futures picked up some ground from yesterday’s selloff, holding gains into the close despite a bearish U.S. inventory report showing an above-estimate 6.4 million barrel build in U.S. Read More
Crude oil prices remain vulnerable ahead of OPEC+ meeting
The crude oil market was rather muted on Thursday due to the US Thanksgiving celebrations. However, USO ETF extended its previous gains, having bounced off its one-month low. Beyond the ... Read More
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