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Crude oil price declined amid increased US fuel oil inventory

On August 23rd (Wednesday), API statistics showed that US crude inventory decreased in the week to August 18th. However, it could not trigger bullish sentiments as the decrease wasn't beyond the expectation like that in the past weeks.

08-23-2017 17:40:01

International crude oil price dropped on Aug 21st

Bake Hughes latest report showed that the number of US oil field drilling wells was 763, down 5 week on week. Besides, US Energy Information Administration (EIA) report said that US national commercial crude inventory kept decreasing.

08-22-2017 13:56:55

Crude oil price rebounded amid the confirmed exports cut of Saudi Arabia in August

The WTI September contract price in New York Mercantile Exchange closed at $46.34/bbl, up by $0.57/bbl or 1.25%. Brent September contract price in Intercontinental Exchange closed at $48.6/bbl, up by $0.54/bbl or 1.12%.

07-25-2017 17:13:36

International crude oil price rose on July 19th

According to the statistics released by Energy Information Administration (EIA) on July 19th, the U.S. national commercial crude inventory declined 4.7 million barrels to 490.6 million barrels.

07-20-2017 16:16:54

Crude oil price continued growing on Nigeria exports interruption

On July 14th (Friday), Baker Hughes data showed that the number of the US crude oil drilling wells only increased by two this week, causing expectation of market that the weak crude oil price led to the sign of growth slowdown of US drilling activities.

07-18-2017 17:37:52

Analysts: crude oil price may fall to $30/bbl

Analysts expressed that before crude oil price turned stable, it may fall to $30/bbl, which would made OPEC and non-OPEC countries suffered much

06-22-2017 18:42:52

The crude oil price fell by 4% amid the accidental surge of US gasoline stock

According to Reuters, crude oil price fell by about 4% on June 14th, creating the lowest settlement price in the past 7 months.

06-15-2017 15:57:21

Crude oil price rose amid the slower oil supply increase of non-OPEC countries

On June 13th, OPEC turned down the expectation of non-OPEC oil producers’ oil supply rise, coupled with the softer U.S. dollars, so the international crude futures price increased.

06-15-2017 11:18:55

The U.S. inventory cut pushed crude oil price to edge up

On June 12th, the decrease in U.S. crude oil inventory stimulated some speculators to purchase crude oil at a low price. And the crude oil price edged up although the US dollar recovered and the worrying market news said that there was a large amount of crude oil for sale in Libya and Nigeria.

06-14-2017 08:52:18

Output cut and demand rise made crude oil price rebound

On May 9th, due to the output cut in Libya and the demand rise in China and the United States, the international crude futures price rebounded slightly, despite the big increase in U.S. drilling activities and U.S. dollar bounce.

06-13-2017 10:51:44

IEA: Global crude oil price may soar after 2020

IEA said in Beijing on May 18th that the global oil price might soar after 2020 due to the shortage of supply in oil market resulting from the investment slowdown in 2015 and 2016. The above was concluded in IEA 2017 Oil Market Report.

05-24-2017 13:44:17

Crude oil price rose amid weaker dollar

09-07-2016 16:44:24

Abu Dhabi lowered crude oil prices to gain market share

On 4th August, Abu Dhabi National Oil Company cut the official sale prices for all three grades of crude oil for July shipments and continued to compete for market share with the neighboring gulf countries.

08-11-2016 10:20:53

Bad data from API depressed the crude oil price

On August 10th, the bad performance of API data depressed the crude market, and the price went down.

08-10-2016 16:37:45

Saudi Aramco raised exported crude oil prices to Asia

On 5th June, the world’s largest oil exporter Saudi Arabia raised most of grade of crude oil prices export to Asia in July.

06-14-2016 15:06:37

Crude oil price undergoes V-shape trend; LPG price fails to rebound currently

International crude oil price once dropped below $30/bbl since October 2015, which depressed market participants greatly.

05-26-2016 17:27:32

Crude oil price fell to 5-1/2-year low

On December 29th (Monday), oil price dropped more than $1/bbl, falling to five-year low since May 2009. The early news from Libya pushed up the crude price, which dropped quickly later for the fear of oversupply.

12-30-2014 13:51:34

Crude Oil Price down 4%, Dampening Bulk Commodity Market

On October 14, 2014, crude oil prices suffered a general slump, and the close price of WTI and Brent both declined over 4%.

10-16-2014 17:58:59

Crude Oil Prices Waver on Positive China Data, High Supplies

Oil prices held near multi-month lows Tuesday as traders weighed slightly more positive Chinese manufacturing data and an escalation of the conflict in the Middle East against ample global supplies.

10-09-2014 15:16:57

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