US Oil

US crude oil inventories have started the year on a positive footing as the first industry data of the year has highlighted little change in stockpiles. The latest weekly report by the Energy Information Administration, covering the week…

Despite expectations of a weaker figure due to the dramatic slump in oil prices over the last two months, US CPI remained broadly unchanged over last month. The headline CPI reading for November, reflected the weakness in energy markets,…

The recent OPEC meeting which kicked off in Vienna in the back end of last week ended over the weekend with some positive news for crude bulls. The fifteen-member oil-producing cartel along with non-OPEC allies, led by Russia, announced…

NYMEX Oil Futures contracts for October delivery closed 2.80% lower to settle at $46.79 a barrel on Wednesday. Oil prices extended the declines from earlier this week as the weekly crude oil inventories report from the Energy Information…