Oil & Gas

U.S. Crude Oil Inventories Fell by 1.21M Barrels Last Week: EIA

U.S. Crude Oil Inventories Fell by 1.4M Barrels Last Week: EIA

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

U.S. Crude Oil Inventories Fell by 3.9M Barrels Last Week: EIA

Oil and gas business activity in Texas and neighboring states plunged in the fourth quarter, according to the Dallas Federal Reserve.

U.S. oil drillers this week cut the most rigs in over three months and reduced the number of oil rigs operating for a second week in a row and for the fifth straight month, as independent producers follow through on plans to cut spending on new drilling and completions.

U.S. crude inventories rose last week, boosted by another jump in production to a new record, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.

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

Oil Price Fall on U.S. Crude Inventory Build

U.S. energy firms this week reduced the number of oil rigs operating to their lowest in nearly a year, cutting the most rigs in a quarter in three years despite a 30 percent hike in crude prices so far in 2019.