Futures News Oil 

Oil prices finish lower as domestic crude and gasoline supplies post weekly rise

“The EIA on Thursday reported that U.S. crude supplies rose by 2.2 million barrels for the week ended Nov. 8” writes Saefong William Watts for marketwatch.com. Crude supplies were forecast to increase by 1 million barrels, according to analysts polled by S&P Global Platts.West Texas Intermediate crude futures for December delivery CLZ19, -0.51%  fell by 35 cents, or 0.6%, to settle at $56.77 a barrel on the New York Mercantile Exchange. Source: marketwatch.com

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Futures News Oil 

Oil prices pare gains as U.S. crude and gasoline supplies post weekly rise

“The Energy Information Administration on Thursday reported that U.S. crude supplies rose by 2.2 million barrels for the week ended Nov. 8” writes Saefong William Watts for marketwatch.com. Gasoline supplies haven’t posted a weekly climb since the week ended Sept. 20, according to EIA data.Crude supplies were forecast to increase by 1 million barrels, according to analysts polled by S&P Global Platts. Source: marketwatch.com

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News Oil 

EIA reports weekly increases in U.S. crude-oil and gasoline supplies

“The EIA data also showed a supply increase of 1.9 million barrels for gasoline, but distillate stocks fell by 2.5 million barrels” writes Markets Commodities Reporter for marketwatch.com. The S&P Global Platts survey showed expectations for supply decreases of 1.7 million barrels for gasoline and 1.6 million barrels for distillates.The Energy Information Administration on Thursday reported that U.S. crude supplies rose by 2.2 million barrels for the week ended Nov. 8.Crude supplies were forecast to increase by 1 million barrels, according to analysts polled by S&P Global Platts. Oil prices…

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EIA reports a slightly smaller-than-expected weekly increase in U.S. natural-gas supplies

“The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 3 billion cubic feet for the week ended Nov. 8” writes Markets Commodities Reporter for marketwatch.com. Analysts expected a build of 7 billion cubic feet, on average, by analysts polled by S&P Global Platts. Source: marketwatch.com

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Futures News Oil 

Oil sinks more than 1% amid doubts about tariff rollback

“Oil futures slumped Friday as skepticism around a rollback of tariffs in China-U.S. trade talks eroded bullish sentiment on crude prices” writes Mark Decambre for marketwatch.com. For the week, U.S. benchmark oil prices are on track to climb 0.3%, according to FactSet data. Looking ahead, investors await a weekly report from Baker Hughes on rigs drilling for oil, with the oil-field services firm reporting last week that the number of rigs drilling for oil fell by 5 to 691.January Brent crude BRNF20, -1.94%, the international benchmark, shed 91 cents, or…

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News Oil 

Oil ends higher as U.S. and China agree to phase out some tariffs if a deal is reached

“The Energy Information Administration on Wednesday reported that U.S. crude supplies rose a second straight week, up 7.9 million barrels for the week ended Nov. 1” writes Markets Commodities Reporter for marketwatch.com. Oil futures climbed on Thursday to recoup most of their losses from a day earlier, after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon.The EIA reported Thursday that domestic supplies of natural gas rose by 34 billion cubic feet for the week ended Nov. 1.The dispute centered on import…

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Futures News Oil 

Oil futures slip as API report shows a big build in U.S. crude supplies

“S&P showed forecasts for supply declines of 2.4 million barrels for gasoline and 1 million barrels for distillates, which include heating oil” writes Mark Decambre for marketwatch.com. Oil futures edged lower Wednesday after a report pointed to a bigger-than-expected inventory build in the U.S., while investors watched for a further inventory update to affirm signs of rising supplies.Late Tuesday, the American Petroleum Institute showed that U.S. crude supplies rose by roughly 4.3 million barrels for the week ended Nov. 1, according to sources. Source: marketwatch.com

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Oil prices end at 1-week low as EIA shows nearly 6 million-barrel weekly rise in U.S. supplies

“The S&P Global Platts survey showed expectations for supply decreases of 2.5 million barrels for gasoline and 2.4 million barrels for distillates” writes Saefong William Watts for marketwatch.com. Crude supplies were forecast to increase by 2.5 million barrels, according to analysts polled by S&P Global Platts.The EIA on Wednesday reported that U.S. crude supplies rose by 5.7 million barrels for the week ended Oct. 25.Analysts polled by S&P Global Platts forecast a weekly U.S. supply rise of 85 billion cubic feet.The American Petroleum Institute released its data to media on…

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News Oil 

Oil on track for weekly gains

“Oil futures drifted into negative territory Friday, but remained on track for weekly gains as concerns over supply appeared to take over the spotlight from longer-term worries over global economic growth and the outlook for crude demand” writes Deputy Markets Editor for marketwatch.com. December Brent crude BRNZ19, -0.47%, the global benchmark, was off 7 cents, or 0.1%, at $51.60, but on track for a 3.7% weekly rise.Separately, supplies of oil from the U.S. Strategic Petroleum Reserve, or SPR, fell by 1 million barrels for the week.Traders will be paying attention…

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Oil up for 3rd straight day as producers look to rein in output

“Oil futures moved higher on Thursday, settling at a nearly one-month high, finding continued support from an unexpected weekly decline in U.S. crude supplies as global producers looked to rein in output” writes Markets Commodities Reporter for marketwatch.com. Separately, supplies of oil from the U.S. Strategic Petroleum Reserve, or SPR, fell by 1 million barrels for the week.The EIA on Wednesday reported that U.S. crude supplies fell for the first time in six weeks, down 1.7 million barrels for the week ended Oct. 18.The EIA reported Thursday that domestic supplies…

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