- December 21st, 2016
Oil Extends Gains as Industry Report Shows U.S. Stockpile Drop
Oil extended its advance as industry data showed U.S. crude stockpiles declined last week, trimming an inventory overhang. ›
Oil extended its advance as industry data showed U.S. crude stockpiles declined last week, trimming an inventory overhang. ›
British wholesale gas prices inched up on Tuesday morning due to a decline in temperatures, boosting demand for heating. ›
Oil prices were steady on Tuesday in timid trading ahead of the year-end holidays, with investors beginning to unwind positions without expecting to take up new ones until the start of 2017. ›
British prompt natural gas prices edged lower on Monday as temperatures were expected to rise throughout the week, reducing gas demand for heating, and some forecasts showed the weather would remain warmer than normal in January. ›
Oil extended its gains above $52 a barrel as a planned production boost from Libya stalled amid continuing tension in the OPEC member exempt from agreed output cuts. ›
Oil headed for a weekly loss as Libya prepared to raise supply and as the dollar held weekly gains, countering the impact on prices from efforts by OPEC and other producers to trim output to curb a global glut. ›
Prompt British gas prices rose on Thursday as temperatures were expected to fall, boosting demand for heating, while ongoing outages are reducing supply from the UK Continental Shelf. ›
Oil prices stabilized on Thursday as a tighter market looms in 2017 due to planned output cuts led by OPEC and Russia, after sharp declines earlier following Wednesday’s U.S. interest rate increase that drove investors out of commodities. ›
Prompt British gas prices fell on Wednesday morning, as milder- than-usual weather curbed demand and strong imports created an oversupplied system. ›
Oil retreated from the highest close since July 2015 as focus shifted to expanding U.S. crude stockpiles after OPEC and other producing nations agreed to cut output to stabilize the market. ›