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US crude inventories News

05 Dec 2017

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.

29 Nov 2017

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.

18 Oct 2017

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.

09 Dec 2015

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.

25 Sep 2015

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.

20 Aug 2015

Five key reasons behind falling oil prices

Here are the 5 key reasons of oil price decline.

29 Jan 2015

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.

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