WTI Holds Losses After Big Crude Build, Record US Production

US Hits Record-High Oil Production - The Thinking Conservative News

The US is witnessing a surge in energy production, with crude oil output at an all-time high, Interior Sec. Doug Burgum said in Nov. 3 interview. The post US Hits Record-High Oil Production appeared first on The Thinking Conservative News.

WTI Holds Losses After Big Crude Build, Record US Production

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WTI Crude Oil falls below $60 amid rising inventories, weak demand

West Texas Intermediate (WTI) Crude Oil extends its decline for the third consecutive day on Wednesday, slipping below the key $60.00 per barrel mark to hit a one-week low after the latest US Energy Information Administration (EIA) report showed a larger-than-expected inventory build.

US Crude Production Hits Record High for Second Week in a Row, EIA Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. field production of crude oil rose to a record high for a second week in a row last week, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. EIA said output reached 13.651 million barrels per day (bpd) during the week ended October 31, topping the ...

Oil Price Forecast - Crude Oil Prices Drop to $59 as WTI, Brent Extend Losses Amid Weak Demand

Crude Oil Prices Today: WTI (CL=F) and Brent (BZ=F) Extend Losses as Demand Weakness Deepens and Global Inventories Rise WTI and Brent Futures Retreat Amid Mounting Demand Concerns Crude oil prices slipped further on Wednesday, with West Texas Intermediate (CL=F) futures down 1.27% to $59.79 per barrel, while Brent (BZ=F) dropped 1.15% to $63.70 — marking one of the weakest weekly starts since mid-August. Traders cited fragile demand in Asia and…

Crude Prices Falter after Weekly EIA Inventories Unexpectedly Rise

December WTI crude oil (CLZ25 ) today is down -0.39 (-0.64%), and December RBOB gasoline (RBZ25 ) is up +0.0023 (+0.12%). Crude oil and gasoline prices gave up an early advance today and are mixed. Crude prices retreated today after weekly EIA crude supplies unexpectedly increased. Also, today's rally in...