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Tag Archives: crude

Quiet hurricane season leaves oil oversupply

A quiet Atlantic hurricane season in the Gulf of Mexico ended Monday without a storm-induced price rise to lift crude oil from its slump. Tropical Storm Bill made landfall on Matagorda Island, Texas, on June 16. It was the only system to hit the Gulf of Mexico in 2015. Bill brought coastal flooding and gusty winds to the Texas coast ...

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Oil slides again as focus returns to heavy glut

LONDON – Oil prices fell on Thursday, with U.S. crude dipping below $40 per barrel, retreating from early gains amid a persistent global glut of crude and refined fuel. Brent crude futures were down 20 cents at $43.94 a barrel by 1411 GMT. Rising U.S. stockpiles served as the most visible evidence of oversupply in oil markets. Goldman Sachs said ...

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Oil prices drop after U.S. inventories rise

LONDON – Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, and as analysts said U.S. output had been surprisingly resilient in the face of lower prices. Brent crude futures <LCOc1> were down 34 cents at $47.10 a barrel by 1446 GMT (09:46 a.m. ET), though they recovered from a low of $47.00 set ...

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