US crude inventories

Oil steadies above $62 per barrel, expected fall in US inventory supports

An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster US output which climbed to nearly 9.5 million barrels per day in September.

Dec 05, 2017, 16:43 PM IST

Oil falls on uncertainty over OPEC deal, rise in US inventories

Brent crude futures were down 34 cents on the day at $63.27 a barrel, while US light crude fell 31 cents to $57.68 a barrel.

Nov 29, 2017, 16:34 PM IST

Oil prices rise on tighter US market, Middle East tensions

US crude inventories fell by 7.1 million barrels in the week to Oct 13 to 461.4 million barrels, the American Petroleum Institute (API) said late on Tuesday.

Oct 18, 2017, 11:06 AM IST

Oil prices rise but stay near multi-year lows

Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.

Dec 09, 2015, 19:11 PM IST

Oil prices edge up but Iran supply expectations cap gains

Oil prices edged up in Asian trade on Friday following a decline in US crude inventories, although heavier buying was tempered by expectations a return of Iranian crude into the market will further increase global supplies.

Sep 25, 2015, 09:34 AM IST

Five key reasons behind falling oil prices

Here are the 5 key reasons of oil price decline.

Aug 20, 2015, 10:59 AM IST

Oil slumps to near six-year low under $44 per barrel

New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crude inventories deepened worries over the global supply glut.

Jan 29, 2015, 23:54 PM IST

Oil market diverges as traders digest US inventories

New York`s main contract West Texas Intermediate for February delivery fell 68 cents to USD 92.98 per barrel.

Jan 09, 2014, 00:45 AM IST

US oil prices close above $100 a barrel on strong data

US oil prices closed above USD 100 a barrel for the first time since October on Friday after a weekly US oil inventory report showed strong demand for crude and petroleum products.

Dec 28, 2013, 03:44 AM IST