U.S. West Texas Intermediate crude CLc1 futures fell 20 cents, or 0.5%, to $37.85 a barrel at 0056 GMT, after climbing 3.5% on Wednesday.
As coronavirus case surged in several U.S. states, the country’s crude stockpiles rose by 3 million barrels in the week to Sept. 4, data from the American Petroleum Institute showed on Wednesday. That compared with analysts’ forecasts of a draw of 1.4 million barrels. In a further bearish sign, leading commodity traders are booking tankers to store crude oil and diesel on the water, with supply outpacing consumption, according to trading sources and shipping data.
thats earth's lubricant. She is gonna turn on you called the ECycle bad weather an fires! Earthquakes and dangerous storms ! All yaw care about is money but not Mother!
Imagine oil companies lobbying for fossil fuel to stay relevant and then having COVID19 plummetting their profits. Karma?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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 tanker burning off the coast of Sri Lanka leaves 1km-long oil slickSri Lanka sends scientists to determine whether a three-day fire on an oil tanker off its coast damaged the marine environment
Source: trtworld - 🏆 101. / 63 Read more »
Oil slips further as coronavirus concerns mountOil futures fell again on Wednesday after a sharp slide in the previous session, as a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand. Cheap has, Russia suffers, less money for terrorist. What’s not to like. 🤷🏽♂️ Garbage Ishewu have you seen this? Crude prices are falling, so we expect petrol prices to come down as well time for transition to renewables or let the kids choke the fumes of dying industries.
Source: Reuters - 🏆 2. / 97 Read more »
'Oil is a perma short,' says Jim CramerNew for subscribers: 'Oil is a perma short,' says Jim Cramer Check out CNBCPro today. Pro So tonight he’ll tell everyone to buy oil stocks on his show! Pro The ringing of a bellwether’s bell.
Source: CNBC - 🏆 12. / 72 Read more »
Second wave of floating storage triggered by ailing oil marketA stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again. The price of gasoline by US State: The United States is ENERGY INDEPENDENT because President Trump is in office and works hard at preserving their jobs. NOT Joe Biden he will destroy all the hard work of President Trump with job cuts and strangle them with regulations. RE-ELECT Pres. Trump. are we heading for -34 dollars a barrel again ? Please tell my gas station so that the next time I fill up, they pay me to take the fuel off their hands. I like the thought of that !
Source: Reuters - 🏆 2. / 97 Read more »
Op-Ed: Who will clean up Alaska’s 'orphaned' oil infrastructure?President Trump's plan to drill for oil in Alaska's Arctic refuge could turn the landscape into a trash heap. opinion Need a professional credit repair or real estate website, landing page or sales funnel for your credit repair, real estate or other businesses? See
Source: latimes - 🏆 11. / 82 Read more »
15 states sue Trump administration over Alaskan Arctic oil and gas leasingFifteen states are suing the Bureau of Land Management, its parent agency the Interior Department and Interior Secretary David Bernhardt for opening Alaska's Coastal Plain up to oil and gas leasing in 2017 in what they say is a violation of environmental laws. 👍 The U.N. states that the Earth's 3 biggest polluters are China, India, & Pakistan. Tackle the biggest violators first, then impose your carbon taxes & strangling regulations on American businesses. (Of course China will tell you to go screw yourself). Why sue in 2020 for something approved by Gov't in 2017? Politically timed, & meritless. Sacrifice is needed by all to maintain our nation's self-sufficiency. These lands are a great asset, let's utilize them responsibly and reduce our reliance on enemies!!!
Source: cnnbrk - 🏆 393. / 55 Read more »