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Oil prices steadied on Wednesday as investors weighed the impact of potential U.S. tariffs on Canadian and Mexican imports, while largely shrugging off an increase in U.S. weekly crude inventory.
A small dip in refinery operations this week to 90.8% which is down from last year at (94.1%) led to a surprise build in crude oil inventories.Technicals An Unexpected Inventory Build Failed to ...
On Wednesday, US inventories at Cushing, Okla. — used as the benchmark in WTI oil pricing — showed stockpiles rose by 3.6 million barrels last week, more than twice expectations for a build of ...
Oil reversed earlier declines Wednesday after new data showed US inventories fell last week, but futures are still down roughly 8% from their April peak. ... An aerial view of a crude oil storage ...
The latest government data showed crude inventories increased by 5.5 million barrels last week, versus analysts' expectations of an increase of 1 million barrels, per Bloomberg data.
Oil prices pared back earlier gains after the latest Energy Information Administration data showed a surprise crude build of 1.34 million barrels last week, versus expectations for a draw.
Earlier this week, gas prices hit a seven-year high, reaching $84.60 a barrel. But a larger-than-expected crude oil inventory build for the week could halt the crude oil rally, according to...
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma ...