U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. commercial crude inventories fell for a third consecutive week as production and imports declined, according to EIA data.
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Cotton heads for weekly loss on lower grains, good harvest weather
Oct 16 (Reuters) — Cotton futures were steady on Friday and headed for a weekly decline, pressured by weaker grain markets and favorable harvest weather. Cotton contracts for December fell 0.01 cent, or 0.01%, to 80.05 cents per lb by 10:29 a.m. ET (1429 GMT). The contract was down about 0.7% for the week. "It's been s
Middle East Crude — Benchmarks fall this week as elevated freight weighs
SINGAPORE, Oct 16 (Reuters) — Spot premiums for Middle East crude benchmarks Oman and Dubai fell for a fifth consecutive session on Friday to their lowest in more than two months. The sharp downtrend this week came as sellers piled up offers, while lifting crude prices were also weighed down by soaring freight. Oil pri
U.S. crude slips after EIA reports 3.2 million-barrel draw
U.S. benchmark crude edged lower after the EIA reported a 3.2 million-barrel withdrawal in commercial crude oil stocks last week. Gasoline inventories rose 382,000 barrels and distillate stocks fell 42,000 barrels.
Malaysian palm oil futures fall 0.79% on stockpile fears
Malaysian palm oil futures dropped for a second session on Wednesday, with the benchmark December contract down 36 ringgit, or 0.79%, to 4,524 ringgit ($1,107.20) a metric ton, weighed down by concerns over rising inventories. Prices were also supported by firmer crude oil prices.
Europe LNG demand to cap shipping rates, but Asia buys could lift them
Europe's demand for liquefied natural gas is expected to keep shipping costs capped this winter, while a resurgence in Asian buying could constrain vessel availability and lift freight costs. LNG freight rates have fallen 80% to 90% from wartime highs, with more newbuild vessels joining the global fleet and more US car
Global Oil Stockpiles Hit ‘Scarily Thin’ Deadzone: 3 US Plays Shielded From Hormuz
Global oil stockpiles have become "scarily thin," Saudi Aramco Chief Executive Officer Amin Nasser said Monday at the Energy Intelligence Forum in London. When the U.S.-Iran war began, the world held about 10 billion barrels of oil stocks, he said. That has fallen to less than 6 billion, and only about 10% of it is pra
Asia diesel margins hit two-month low on falling ICE gasoil futures
Asia's diesel refining margins fell to a two-month low as ICE gasoil futures declined nearly 3%. Cash premiums also hit three-month lows, but spot window activity increased.
ConocoPhillips Stock Falls as Oil Prices Retreat
ConocoPhillips (NYSE: COP ) shares are sliding Wednesday along with other oil and gas exploration and production companies as crude prices retreat from a two-day rally, pressured by easing Saudi supply concerns and a smaller-than-expected drawdown in U.S. crude inventories. ConocoPhillips stock is among today’s weakest
Oil Spikes 7%, Nasdaq 100 Sinks Before Fed: Stock Market Today
A deepening sell-off gripped Wall Street midday Wednesday as crude oil spiked on a fresh U.S.-Iran escalation just hours before the Federal Reserve’s rate verdict, dragging the S&P 500 to four-week lows and knocking the Nasdaq 100 down more than 10% from prior records. President Donald Trump threatened strikes against