Gulf Times - US-crude
Oil climbs as glut wanes, US crude closer to $70 a barrel

Oil climbs as glut wanes, US crude closer to $70 a barrel

Traders said speculators continue to bet on further upside, expecting potential supply disruptions and further drawdowns, driven by strong demand.

Flooding knocks out US refineries, crude hit by supply disruptions

Flooding knocks out US refineries, crude hit by supply disruptions

Flooding from tropical storm Harvey caused ongoing large-scale US refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya.

Oil hovers near 8-week highs on lower US inventories

Oil hovers near 8-week highs on lower US inventories

Oil prices held just below eight-week highs on Thursday, supported by a steeper-than-expected decline in US crude inventories that boosted expectations of a shift to a more balanced market.

Oil dips on rising US crude inventories, high Opec supplies

Oil dips on rising US crude inventories, high Opec supplies

Oil prices fell on Wednesday after a rise in US crude inventories and ongoing high output from Opec producers revived concerns of a fuel supply overhang.

Oil prices give up earlier gains

Oil prices give up earlier gains

Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in US crude output undermined the impact of hopes that Opec-led production cuts could be extended.

Oil rises on weak dollar, but bloated supply still weighs

Oil rises on weak dollar, but bloated supply still weighs

Oil prices rose on Tuesday, supported by a weaker dollar, but crude continued to be weighed down by surging US production and uncertainty over whether an Opec-led supply cut is big enough to rebalance the market.

Oil falls on rising US drilling, uncertainty of Opec-led cut extension

Oil falls on rising US drilling, uncertainty of Opec-led cut extension

Oil prices fell on Monday, pulled down by rising US drilling activity and by doubts whether an Opec-led production cut initially due to end in mid-2017 would be extended.

Oil prices slide on bulging US crude inventories

Oil prices slide on bulging US crude inventories

Oil prices slipped back towards three-month lows on Wednesday after data showed US crude inventories rising faster than expected, piling pressure on Opec to extend output cuts beyond June.

Oil slides as market discounts Opec output cut extension talk

Oil slides as market discounts Opec output cut extension talk

Oil prices on Tuesday fell close to its lowest in a week as the market discounted the latest talk by Opec that it would extend output cuts beyond June.

Oil rebounds as US crude inventories ease off record high

Oil rebounds as US crude inventories ease off record high

Oil prices on Wednesday climbed for the first time in more than a week on a surprise drawdown in US crude inventories and data from the International Energy Agency (IEA) suggesting Opec cuts should create a crude deficit in the first half of 2017.

Oil prices rally but US stockpiles drag

Oil prices rally but US stockpiles drag

Oil prices rallied on Thursday, recovering ground after the biggest falls this year, but record US crude inventories kept sentiment weak, pointing to a global glut despite supply cuts.

Oil rises, but US drilling drags on prices

Oil rises, but US drilling drags on prices

Oil prices rose on Monday but the gains were limited as investors gauged whether an increase in US drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance.