Oil drops in light volume; cautious week expected before OPEC Nov 26, 2015 07:24PM

By Barani Krishnan

NEW YORK (Reuters) - Oil traded lower in light post-holiday volume in New York on Friday as the dollar's rally to an eight-month high and a tumble in Chinese equities added pressure to oversupplied crude futures.

U.S. crude's West Texas Intermediate (WTI) futures were down more than 2 percent, reopening after Thursday's Thanksgiving holiday. Brent crude slipped about 1 percent.

The dollar hit late-March highs... (continue reading...)

UPDATE: Baker Hughes Total U.S. Rig Count -13 to 744, Oil Rigs -9 Nov 25, 2015 01:07PM (Updated - November 25, 2015 1:07 PM EST)

Baker Hughes Total U.S. Rig Count -13 to 744, Oil Rigs -9

Rotary Rig Count 11/25/2015 LocationWeek+/-WeekAgo+/-YearAgo Land713-12725-11381851 Inland Waters1-12-1112 Offshore30030-2454 United States Total744-13757-11731917 Gulf Of Mexico30030-2252 Canada18418166-254438 North America9285923-14272355 U.S. Breakout InformationThis... (continue reading...)
UPDATE: Natural Gas Inventory 9 bcf vs 6 bcf Expected Nov 25, 2015 12:01PM (Updated - November 25, 2015 12:01 PM EST)
  • Natural Gas Inventory 9 bcf vs 6 bcf Expected

Working gas in storage was 4,009 Bcf as of Friday, November 20, 2015, according to EIA estimates. This represents a net increase of 9 Bcf from the previous week. Stocks were 554 Bcf higher than last year at this time and 252 Bcf above the five-year average of 3,757 Bcf. At 4,009 Bcf, total working gas is above the five-year historical range

Stocksbillion cubic feet (Bcf) Year... (continue reading...)
EIA Weekly Crude Inventory Increases by Nearly 1 Million Barrels Nov 25, 2015 10:32AM

(Updated - November 25, 2015 10:32 AM EST)

  • Crude Inventory 961K Barrels vs 1.2M Expected
  • Gasoline Inventory 2.48M vs 280K Expected

U.S. crude oil refinery inputs averaged 16.4 million barrels per day during the week ending November 20, 2015, 304,000 barrels per day more than the previous week’s average. Refineries operated at 92.0% of their operable capacity last week. Gasoline production decreased last week, averaging over 9.5 million barrels per day. Distillate fuel... (continue reading...)

Oil steadies on U.S. rig count drop, small crude build Nov 24, 2015 08:07PM

By Barani Krishnan

NEW YORK (Reuters) - Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of U.S. rigs actively drilling for oil.

Traders and investors also covered short positions before U.S. markets close for Thursday's Thanksgiving holiday, analysts said.

"People did not want to be caught short ahead of the holiday with the... (continue reading...)

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