Oil & Gas

Oil prices fell significantly on Tuesday, but paused their slide after the API reported a small draw in crude stocks and distillates

Statements by Saudi energy minister came despite pressure by US President Trump

85 percent of US energy executives are optimistic about the industry's growth prospects in 2019.

U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks after oil futures soared nearly 40 percent this year.

The API reported a small decrease in both gasoline and distillates inventories for the week ending Friday February 15th

U.S. crude inventories climbed last week by 9.9 million barrels as imports grew to their highest since January and refining rates dropped.

U.S. Crude Oil Inventories Fell by 0.5M Barrels Last Week: EIA

U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from shale basins at a record high.

U.S. Crude Oil Inventories Jump by 7.97M Barrels Last Week: EIA

Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as an OPEC report showed further tightening of Venezuela's crude supply.