Oil falls towards $44, lowest since May, on glut worries Jul 25, 2016 10:08PM

By Alex Lawler

LONDON (Reuters) - Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.

Brent crude is still up more than 60 percent from a 12-year low near $27 in January, but the rally has petered out on signs that the supply glut will persist and as economic jitters raised concern about the strength of oil demand.

... (continue reading...)
Oil falls on oversupply, demand concerns; U.S. crude hits three-month low Jul 24, 2016 07:14PM

By Devika Krishna Kumar

NEW YORK (Reuters) - Oil prices fell more than 2 percent on Monday, with U.S. crude hitting a three-month low, on rising concerns that a global glut of crude and refined products would pressure markets, delaying a long-anticipated rebalance in the market.

Data from market intelligence firm Genscape pointing to an inventory rise of 1.1 million barrels at the Cushing, Oklahoma delivery point for U.S. crude futures in... (continue reading...)

Baker Hughes Total U.S. Rig Count +15 to 462 (447 Prior) Jul 22, 2016 01:06PM

(Updated - July 22, 2016 1:06 PM EDT)

Baker Hughes total U.S. rig count increased by 15 to 462 (447 Prior). Oil rigs increased by 14 and gas rigs declined by 1. Miscellaneous rigs increased by 2.

Oil dives 4 percent on the week on U.S. rigs rise, glut threat Jul 21, 2016 08:53PM

By Barani Krishnan

NEW YORK (Reuters) - Oil prices settled lower on Friday, losing 4 percent on the week, after the fourth weekly rise in the U.S. oil rig count added to worries about a global crude glut.

Crude futures were already down, with Brent at two-month lows, on fears of more Iraqi supply before a report by energy services firm Baker Hughes showed U.S. oil drillers added 14 rigs this week to bring the total rig count to 371.

... (continue reading...)
Natural Gas Inventory +34 bcf vs +40 bcf Expected Jul 21, 2016 10:30AM

Natural Gas Inventory +34 bcf vs +40 bcf Expected

More Commodities

View Older Stories

Jul 20, 2016 09:16PM Oil down 2 percent as record U.S. stockpiles heighten glut worry
Jul 20, 2016 10:31AM Crude Inventory -2.3M Barrels vs -1.3M Expected
Jul 19, 2016 08:36PM Oil prices up 1 percent after ninth weekly U.S. crude drawdown
Jul 19, 2016 04:36PM API Crude Inventory -2.3M Barrels
Jul 18, 2016 08:32PM Oil down, glut eyed as markets await U.S. government inventory report
Jul 18, 2016 07:56AM After Brexit, ordinary Britons warm to gold as safe haven
Jul 17, 2016 09:28PM Oil down 1 percent on worry of crude and fuel supply glut
Jul 15, 2016 04:26PM Turkey Armed Forces Say They've Taken Control of Country - Bloomberg
Jul 15, 2016 04:19PM Turkey rounds up plot suspects after thwarting coup against Erdogan
Jul 15, 2016 01:00PM Baker Hughes Total U.S. Rig Count +7 to 447 (Prior 440)
Jul 14, 2016 08:47PM Oil falls as glut fears return, China data eyed
Jul 14, 2016 10:31AM UPDATE: Natural Gas Inventory +64 bcf vs +61 bcf Expected
Jul 13, 2016 08:39PM Oil up, notches weekly gain on improved demand outlook
Jul 13, 2016 02:02PM UPDATE: Fed Says U.S. Economy Grew at 'Modest Pace 'in Most Regions - Beige Book
Jul 13, 2016 10:32AM UPDATE: Crude Inventory -2.5M Barrels vs -2.3M Expected
Jul 13, 2016 04:06AM Huge stocks overhang threatens oil price recovery: IEA
Jul 12, 2016 08:30PM Oil down 4 percent; U.S. stockpile data feeds glut warning
Jul 12, 2016 04:35PM API Crude Inventory Increases 2.2M Barrels
Jul 12, 2016 09:36AM Gold Names Pare Gains in Early Trading (ABX) (DRD) (KGC)
Jul 12, 2016 07:23AM OPEC sees tighter 2017 oil market, Brexit drag on economy
Jul 12, 2016 07:19AM OPEC Sees Rising Oil Demand in 2017 as Saudis Pump Near Record (USO) (OIL)
Jul 11, 2016 08:43PM Oil settles up 5 percent, trims gains after hours on API report
Jul 11, 2016 02:34PM NYMEX Aug. WTI Crude Futures Settle at $44.76/Barrel
Jul 11, 2016 01:15PM Saudi's Al-Falih Says Oil Price Must Exceed $50 - Bloomberg, Citing Handelsblatt
Jul 10, 2016 07:32PM Oil hits two-month low on glut fears, technical selling
Jul 8, 2016 01:06PM Baker Hughes Total U.S. Rig Count +9 to 440, Oil Rigs +10
Jul 8, 2016 08:30AM Job Gains Top Expectations
Jul 7, 2016 08:47PM Oil edges up but biggest weekly drop in Brent since January
Jul 7, 2016 05:35PM U.S.-based gold funds attract most money since February: Lipper
Jul 7, 2016 11:01AM Crude Inventory -2.2M Barrels vs -2.08M Expected
Jul 7, 2016 10:31AM UPDATE: Natural Gas Inventory +39 bcf vs +42 bcf Expected
Jul 6, 2016 08:58PM Oil down 5 percent to two-month lows as U.S. crude draw disappoints
Jul 6, 2016 04:36PM API Crude Inventory Declines 6.7M Barrels
Jul 5, 2016 08:36PM Oil up 2 percent after two-day drop; caution still on gasoline, Brexit
Jul 5, 2016 02:33PM NYMEX Aug. WTI Crude Futures Settle at $46.60/Barrel
Jul 4, 2016 08:45PM Oil ends down nearly 5 percent on Brexit worry, supply builds
Jul 1, 2016 01:06AM Oil supply, demand should be in balance by 2017: U.S. Energy Sec
Jun 30, 2016 08:38PM Oil jumps on pre-holiday buying, Brent up 4 percent on week
Jun 30, 2016 10:31AM UPDATE: Natural Gas Inventory +37 bcf vs +45 bcf Expected
Jun 30, 2016 08:18AM Outages to balance oil market, support prices: Reuters poll
Jun 30, 2016 05:18AM Gold bulls buoyed by prospect of Brexit swaying Fed
Jun 29, 2016 10:05PM Oil falls on profit taking after best quarter in seven years
Jun 29, 2016 10:32AM UPDATE: Crude Inventory -4.05M Barrels vs -2.2M Expected
Jun 28, 2016 04:35PM API Crude Inventory Declines 3.9M Barrels
Jun 27, 2016 08:45PM Oil up 4 percent on U.S. crude draw; Brent back above $50
Jun 27, 2016 03:27PM Druckenmiller's Duquesne Family long gold futures ahead of Brexit
Jun 26, 2016 07:03PM Brent crude tumbles to seven-week low on dollar rally, Brexit turmoil
Jun 24, 2016 01:37PM U.S. derivatives, commodities markets functioning normally after Brexit: CFTC
Jun 24, 2016 01:08PM UPDATE: Baker Hughes Total U.S. Rig Count 421 vs 424 Prior
Jun 24, 2016 06:23AM Russia expects short-term oil market volatility after Brexit: RIA
View Older Stories