Crude at Five-Month High as US Gasoline Stockpiles Tumble
Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.
Oil in Longest Run of Weekly Gains Since 2017 on Tight Supply
Oil in New York headed for the longest weekly winning streak since November 2017 as crises from Venezuela to Libya threatened supplies, while optimism over U.S.-China trade talks buoyed the outlook for demand.
Colorado Drillers Face Tougher Rules Under New Reforms
Colorado’s Legislature passed a sweeping overhaul of the state’s oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation’s top crude-producing regions.
Oil Nears $70 as OPEC Tightens Supply, Hopes for Trade Deal Grow
Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the U.S.-China trade impasse lifted financial markets.
Trump Asks OPEC to Increase Oil Output to Keep Prices in Check
President Donald Trump renewed his criticism of OPEC, saying the cartel should increase production because prices are getting “too high.”
Oil Slips as Growth in US Supplies Feeds Into Market Anxieties
Oil prices dipped as an unexpectedly high jump in U.S. crude supplies unnerved a market already worried about weakening global demand.
Global Emissions Hit Record as Energy Demand Boosts Fuel Use
Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and India.
Oil Falls From Four-Month High on Concerns of Economic Slowdown
Oil fell from its highest closing level in four months in New York as signs of a slowing global economy stirred concerns about fuel demand.
Oil Rises After OPEC Reaffirms Commitment to Production Cuts
Oil in New York rose to the highest level this year after OPEC and its partners agreed to go beyond their pledged supply curbs in the coming months.
US Cuts Oil Production Forecast for First Time in Six Months
The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico.