Oil prices eased on Thursday, dragged down by record U.S. crude output and risin...
FILE PHOTO: Drilling rigs are parked up in the Cromarty Firth near Invergordon, Scotland, Britain January 27, 2015. REUTERS/Russell Cheyne/File Photo
U.S. West Texas Intermediate crude oil futures were at $56.11 per barrel at 0033 GMT, down 11 cents, or 0.2 percent, from their last settlement.U.S. crude oil stockpiles rose much more than expected last week, with inventories up by 7.1 million barrels to 452.93 million barrels, according to a weekly report by the U.S. Energy Information Administration on Wednesday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices decline as U.S. inventory builds, shale oil weighsOil prices eased on Wednesday as bullish output forecasts by two big U.S. produc...
Read more »
Oil dips as U.S. crude production hits record, Asia factory output weakensOil prices dipped on Thursday, dragged down by weakening factory output in China...
Read more »
Oil slips on record U.S. crude output, China's weakening economyOil prices dipped on Thursday, dragged down by China's weakening economy an...
Read more »
Oil dips as Asia factory output weakens, U.S. crude production hits recordOil prices fell on Thursday amid weakening factory output in China and Japan and...
Read more »
U.S. crude oil output falls in December for first time since May: EIAU.S. crude oil production edged lower in December to 11.85 million barrels per d...
Read more »
Saudi Arabia's state-owned oil giant says electric vehicles won't heavily impact crude demandThe world's biggest energy company is attempting to make traditional engines more efficient.
Read more »
Darkening economic outlook threatens to cap oil price in 2019: Reuters pollOil analysts have grown more pessimistic over the prospects for a significant pr...
Read more »
OPEC can declare mission accomplished on price-boosting oil output cuts by April: Goldman SachsOPEC's production cuts will probably achieve their goal of draining oversupply from the oil market by April, Goldman Sachs commodities chief Jeff Currie predicts.
Read more »
Oil rises on OPEC supply cuts, but surging U.S. output and economic slowdown weighOil prices rose on Friday as markets tightened amid output cuts by producer club...
Read more »
Environmental disaster unfolds in Pacific as ship leaks tons of oilExperts estimate more than 80 tons of oil has leaked into the sea and shoreline in an ecologically delicate area next to a UNESCO World Heritage site.
Read more »