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.

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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.

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Natural Gas Inventory +34 bcf vs +40 bcf Expected Jul 21, 2016 10:30AM

Natural Gas Inventory +34 bcf vs +40 bcf Expected


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