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NEW YORK: Oil prices rose about 1 percent on Monday after data showed crude inventories at the Cushing, Oklahoma delivery hub for U.S. futures fell for the first time since January, and ahead of the expiration of the U.S. front-month contract.
NEW YORK: Oil prices fell on Monday after data suggested inventories at the U.S. crude delivery hub rose in the latest week, compounding worries that troubled emerging markets and trade tensions will dent the outlook for fuel demand
NEW YORK: Oil futures turned lower on Wednesday, pulling back after eight straight sessions of gains after US crude inventory data suggested that the market was still heavily supplied.
SINGAPORE: Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply
SINGAPORE: US crude rose to hold above US$74 a barrel on Friday after shedding almost 4% to hit a four-year low in the previous session on renewed concerns of an oil glut after stockpiles climbed at the US Cushing delivery hub.
HOUSTON: U.S. oil futures rose more than 1% on Thursday, lifted by a steep drop in U.S. crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.
Crude oil’s collapse into negative prices last Monday was a clear warning of just how scarce storage space for oil is getting. Prices below zero are the market’s way of telling producers to stop pumping, now.
Singapore: Oil prices were little changed in thin early Asian trade on Tuesday as a firmer dollar weighed on oil markets while a likely drawdown in US crude and gasoline stockpiles pointed to stronger demand ahead of the US summer driving season.
NEW YORK: Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers.