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US inventories News

16 Jun 2017

Oil sits near half-year lows as global supply overhang weighs

Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.

20 Aug 2015

Oil price hits 6.5-year low, approaches key $40 level

Oil prices slid to a fresh six and a half year low in Asia Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.

30 May 2015

Oil up more than 1% after US inventory drop

Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.

18 Feb 2015

Oil prices fall on eve of US data

Brent North Sea crude for April delivery slid $1.23 to stand at $61.30 a barrel in London midday deals.

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