The American Petroleum Institute (API) reported a surprise draw this week for crude oil of 1.770 million barrels. On the other hand, analysts predicted oil prices rise of 333,000 barrels. U.S. crude inventories have grown by roughly 21 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell […]
https://www.rangerminerals.com/wp-content/uploads/2022/10/2022-10-04_ol4whmjtky.jpg292700Ranger Land and Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land and Minerals2022-10-05 08:00:052023-09-28 08:19:44Oil Prices Rise As API Reports Surprise Crude, Gasoline Draws
Oil demand in the US soared during the summer, even as higher pump prices forced many Americans to cut back on driving. Overall petroleum supplied, a proxy for demand, posted its best July since 2019, according to government data released Friday. June was even stronger, with demand for the month at a 16-year high. The boost came […]
https://www.rangerminerals.com/wp-content/uploads/2022/09/800x-1.jpg533800Ranger Land and Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land and Minerals2022-09-30 08:00:112023-09-28 08:19:55More Oil Consumption By America | They’re Not Driving Much?
Oil prices jump rose on Wednesday for a second day, rebounding from recent losses as the U.S. dollar eased off recent gains and U.S. fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand. Brent crude futures settled up $3.05, or 3.5%, at $89.32 per barrel. U.S. West Texas Intermediate (WTI) crude futures […]
https://www.rangerminerals.com/wp-content/uploads/2022/09/FA4OQFLCWRJGLAG4MJYRFJR5HM-1.jpg640960Ranger Land and Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land and Minerals2022-09-28 08:00:142023-09-28 08:20:53Oil Prices Jump After U.S. Crude, Fuel Stocks Drop, Dollar Weakens
Oil Prices Rise As API Reports Surprise Crude, Gasoline Draws
IndustryThe American Petroleum Institute (API) reported a surprise draw this week for crude oil of 1.770 million barrels. On the other hand, analysts predicted oil prices rise of 333,000 barrels. U.S. crude inventories have grown by roughly 21 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell […]
More Oil Consumption By America | They’re Not Driving Much?
IndustryOil demand in the US soared during the summer, even as higher pump prices forced many Americans to cut back on driving. Overall petroleum supplied, a proxy for demand, posted its best July since 2019, according to government data released Friday. June was even stronger, with demand for the month at a 16-year high. The boost came […]
Oil Prices Jump After U.S. Crude, Fuel Stocks Drop, Dollar Weakens
IndustryOil prices jump rose on Wednesday for a second day, rebounding from recent losses as the U.S. dollar eased off recent gains and U.S. fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand. Brent crude futures settled up $3.05, or 3.5%, at $89.32 per barrel. U.S. West Texas Intermediate (WTI) crude futures […]