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Results 1 - 20 of 40 for "u:worldoil.com" in Cushing, OK

  1. Longest oil slump in four years signals growing worldwide surplusRead the original story

    Thursday Nov 8 | World Oil

    Oil notched its longest losing streak in four years as expanding U.S. stockpiles overshadowed supply concerns from the Persian Gulf to Latin America. Futures fell as much as 1.4% in New York on Thursday, extending the decline to a ninth day.

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  2. Oil trades near one-month low after U.S. crude stockpiles surgeRead the original story

    Thursday Oct 18 | World Oil

    Oil traded near the lowest level in a month after a bigger-than-expected gain in American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over a missing critic of the kingdom. Futures fell as much as 1.6% in New York to the lowest since Sept.

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  3. Oil falls after U.S. stockpiles swell for fourth straight weekRead the original story

    Oct 17, 2018 | World Oil

    Oil posted the biggest decline in two months after U.S. government data showed expanding crude stockpiles. Futures fell 3% in New York on Wednesday.

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  4. Crude oil prices slip before supply dataRead the original story

    Oct 16, 2018 | World Oil

    Oil retreated before weekly U.S. inventory data even as the disappearance of a critic of the Saudi Arabian regime threatened to spark a diplomatic crisis. Crude in New York dropped 0.6%.

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  5. Oil falls amid first signs of expanding U.S. crude stockpilesRead the original story

    Sep 26, 2018 | World Oil

    Futures dipped as much as 1% on Wednesday in New York. Nationwide, crude stockpiles expanded by 1.85 MMbbl last week, the first increase since early August, the Energy Information Administration said.

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  6. U.S. oil to flow abroad as glut concerns swell discount to BrentRead the original story

    Sep 11, 2018 | World Oil

    Global benchmark Brent is trading at its widest premium to U.S. yardstick West Texas Intermediate since June, a gap of more than $10/bbl. The last time the difference between the two benchmarks was this wide, it took just three weeks for American crude shipments to surge higher.

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  7. Brent crude trades at $10 premium to U.S. oil amid Iran riskRead the original story

    Sep 11, 2018 | World Oil

    Brent crude, the global oil benchmark, traded at more than a $10/bbl premium to U.S. futures as fears of lost Iranian output buoyed one grade and a supply glut undermined the other. The premium for London-traded Brent, which is more sensitive to global supply disruptions than American prices, was at its highest in more than two months.

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  8. Crude drops most in two weeks as investors eschew risky assetsRead the original story

    Sep 5, 2018 | World Oil

    Futures in New York dropped as much as 1.8% on Wednesday. Emerging-market stocks careened toward bear-market territory while a basket of the most-vulnerable currencies dipped to the lowest in more than a year.

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  9. Oil climbs after biggest U.S. crude stockpile drop in four weeksRead the original story

    Aug 22, 2018 | World Oil

    Futures in New York advanced as much as 2.7% on Wednesday. Crude stockpiles fell 5.84 MMbbl last week, the Energy Information Administration reported, above the 5.17-MMbbl decrease the American Petroleum Institute was said to report Tuesday.

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  10. China's oil futures post mysterious gainsRead the original story

    Aug 7, 2018 | World Oil

    The crude futures that China launched in March with ambitions to rival U.S. and European benchmarks seem to be dancing to an oil-market tune only they can hear. The Chinese contract for September delivery jumped on Tuesday by its daily limit to a record in Shanghai and has advanced almost 5% in August.

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  11. Crude bounces from one-month low as U.S. supply hub seen drainingRead the original story

    Aug 2, 2018 | World Oil

    Oil recovered from the lowest level in more than a month amid signs the supply drain from the biggest U.S. supply hub will continue. Prices rose as much as 1.6% after a Genscape report was said to show Cushing, Oklahoma, inventories sank 1.1 MMbbl from Friday to Tuesday.

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  12. BP makes small oil trading loss as Permian bottlenecks biteRead the original story

    Jul 31, 2018 | World Oil

    BP reported a small and unusual loss from oil trading after being caught on the wrong side of Permian basin pipeline bottlenecks that prompted wild gyrations in U.S. crude prices this year. "A lot of people got a little bit caught up in the bottlenecks in the Permian, we had some of that," BP CEO Bob Dudley told Bloomberg TV in an interview, adding that the trading loss was "very, very small".

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  13. WoodMac: ICE announces futures contract based on Permian crude to HoustonRead the original story

    Jul 17, 2018 | World Oil

    Today, the Intercontinental Exchange Inc. , an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate crude oil futures contract with physical delivery in Houston. The exchange, which is slated to launch during third-quarter 2018 subject to regulatory review, will provide traders with direct access to Houston prices.

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  14. Oil falls as trade war escalates, Libya plans to resume supplyRead the original story

    Jul 11, 2018 | World Oil

    Oil fell toward $73/bbl in New York after U.S. President Donald Trump escalated a trade war with China, heightening fears that global economic growth could be caught in the cross-fire. Futures dropped 1.2%, slipping in tandem with equities and metals, after the Trump administration unveiled a list of $200 billion in Chinese goods that could face 10% tariffs once public consultations end in August.

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  15. Crude surges to 3 1/2-year high after U.S. stockpiles plungeRead the original story

    Jun 27, 2018 | World Oil

    Oil rose to a level last seen in late 2014 after U.S. crude stockpiles tumbled by the most since September 2016. Futures rose as much as 3.4% in New York on Wednesday.

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  16. Global oil benchmarks pulled apart in sign of market discordRead the original story

    May 31, 2018 | World Oil

    Long-established relationships between the world's most important oil prices are being strained by conflicting forces across the globe. Buyers grappling with crude's rebound to levels last seen in 2014 are assessing how to take advantage of the differences between benchmarks, which determine the flow of crude around the world.

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  17. Oil extends slide as Russia talks of easing OPEC supply curbsRead the original story

    May 24, 2018 | World Oil

    Oil prices slid for a third day in New York after Russia signaled that phasing out historic supply curbs that eliminated a worldwide glut may be on the table. West Texas Intermediate futures slipped as much as 1.8% on Thursday, extending the pullback from a three-year high.

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  18. Crude rises as Venezuela sanctions stoke crude supply risk concernRead the original story

    May 22, 2018 | World Oil

    Oil extended its three-year high as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles. Futures in New York added as much as 0.7% after Donald Trump ordered sanctions on debt owed to Venezuela following the re-election of President Nicolas Maduro in an election that prompted scorn from the international community.

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  19. Shale drillers face new test of will as crude tops $70Read the original story

    May 7, 2018 | World Oil

    With benchmark U.S. crude prices crossing the $70/bbl threshold on Monday, the shale drillers who helped upend global markets now face a new challenge: Do they stick with promises of fiscal discipline and avoid new production? Or is it time to turn on the taps and reap the benefits of the highest crude prices in more than three years. U.S. oil traded at $70.37/bbl in New York as traders braced for a re-imposition of U.S. sanctions on Middle East crude producer Iran.

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  20. Crude pushes toward $69 mark as U.S. surplus takes center stageRead the original story

    Apr 24, 2018 | World Oil

    Crude approached a three-year high as traders braced for a second straight weekly decline in surplus U.S. supplies. Futures in New York traded above $68/bbl level on Tuesday and briefly ticked within 23 cents of the three-year intraday high reached last week.

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