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Tag Archives: Tyche Capital Advisors

Oil falls on prospect of increasing Iranian exports

NEW YORK – Oil prices fell on Wednesday on expectations increased exports from Iran will add to a global supply glut and on rising inventories at the delivery hub at Cushing, Oklahoma. Tuesday’s agreement on Tehran’s nuclear program between six world powers and Iran is expected to result in the lifting of sanctions in early 2016 which have limited sales ...

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U.S. crude oil stocks surge 11 mln bbls, biggest rise since 2001

NEW YORK – U.S. crude stocks surged nearly 11 million barrels last week, the biggest gain in 14 years, as imports jumped, while gasoline inventories unexpectedly increased, government data showed on Wednesday. Crude inventories rose 10.95 million barrels in the week to April 3 to 482.4 million, hitting record highs for the 13th consecutive week, according to data from the ...

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