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Corporate News 22 Mar 2016 | 12:01 AM

Oil up on Cushing crude drawdown, eyes on US output

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.

Markets 13 Aug 2018 | 11:00 PM

Oil price falls as Cushing build adds to demand fears

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

Business 12 Apr 2017 | 6:26 PM

Oil eases off 1-month peak as traders eye Cushing build, US supply

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.

Markets 17 Dec 2018 | 10:44 PM

US oil price falls below US$50 on oversupply fears(Update)

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

Markets 06 Sep 2018 | 10:10 PM

Oil price pulls back on rising US fuel stockpiles

NEW YORK: Crude futures reversed course, falling more 1 percent on Thursday after U.S. data showed gasoline inventories rose unexpectedly last week, overshadowing a bullish drawdown in crude.

Commodities 14 Nov 2014 | 10:51 AM

US crude climbs from four-year low to hold above US$74 a barrel

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.

Business 24 May 2016 | 1:34 AM

Oil slides on Iran supply, US rigs; Cushing draw cuts loss

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.