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Tag Archives: u.s. oil inventories

U.S. gas price trough continues, down 10.5 cents a gallon

NEW YORK – The average price of gasoline in the United States fell another 10.5 cents, with consumers poised to save nearly a dollar a gallon at the pump compared with a year ago, according to a Lundberg survey released on Sunday. Bigger U.S. oil inventories and a strengthening U.S. dollar means “the price crash has resumed,” survey publisher Trilby ...

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NYMEX – U.S. crude oil prices dip on surprise North Dakota output jump

SINGAPORE – Oil prices fell on Thursday morning after major U.S. oil producing state North Dakota posted a surprising output hike and ongoing high stocks were expected to weigh on import and production demand. Despite a slight draw in overall stocks, government data showed that U.S. crude inventories of almost 485 million barrels were still nearly 90 million barrels higher ...

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