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Crude Oil Prices - Weekly Outlook: January 22 - 26

Meanwhile, March Brent crude futures, the benchmark for oil ... 0.2%, to $2.058 a gallon, posting a weekly loss of around 1.3%. Meanwhile, natural gas futures edged down by 0.1% to $3.185 per million British thermal units. It lost about 0.5% for the week. read more

Oil prices struggle for gains as U.S. crude supplies drop a 9th straight week

Oil prices gave up earlier declines on Thursday, but struggled to stay positive after U.S. government data revealed that domestic supplies of crude ... was trading lower at $63.52 before the supply data. Prices were still down about 0.4% for the week ... read more

Crude Oil Price Turns Higher on Big Inventory Draw

Before the EIA report, benchmark West Texas Intermediate (WTI) crude for February delivery traded down ... are trading up about 13.5% over the past year. The United States Oil ETF (NYSEARCA: USO) traded up about 0.2%, at $12.80 in a 52-week range of ... read more

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U.S. oil drillers cut rigs for second week in three: Baker Hughes

(Reuters) - U.S. energy companies this week cut oil rigs for the second time in three weeks even though crude prices traded near their highest level since 2014. Drillers cut five oil rigs in the week to Jan. 19, bringing the total count down to 747 ... read more

Crude Oil Price Update – Decision Time: Straddling Pair of Key 50% Levels

March West Texas Intermediate crude oil ... 2 to 3 day correction, or a 50% retracement of the last rally. A trade through $64.74 will negate the reversal top and signal a resumption of the uptrend. A move through $62.98 will change the minor trend to down. read more

US stock indexes move higher in late-afternoon trading

Retailers and consumer goods companies led U.S. stock indexes higher in late-afternoon trading Friday, on track to end the week with a gain. Energy companies were the biggest laggard as the price of crude oil declined ... or 0.2 percent, to 26,056. read more

Oil Hovers Near Three-Year Highs as Investors Parse Supply Data

edged down 7 cents, or 0.1%, to $69.31. On Thursday, the U.S. Energy Information Administration reported that the amount of crude oil in storage declined by 6.9 million barrels in the week ended Jan. 12, exceeding analyst expectations on average for a 2.3 ... read more

Oil Prices Inch Higher After Surprise Crude Draw

At 2:40pm EST, WTI was trading down 0.69% (-$0.36) at $51.86, while Brent crude traded down 0.92% (-$0.54) at $57.89—dollars above last week’s levels. Gasoline was also trading down on Tuesday, at $1.64, down 1.54% on the day. This week’s crude oil ... read more

Mid-Afternoon Market Update: Crude Oil Down 1%; Forward Industries Shares Spike Higher

Toward the end of trading Friday, the Dow traded down 0.11 percent to 25,988.71 while the ... The total number of active U.S. oil rigs dropped by 5 to 747 rigs this week, Baker Hughes Inc reported. © 2018 Benzinga does not provide investment ... read more

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