Oil Retreats, Contributing to a Weekly Loss as China Data Revive Worries About Demand

Oil futures finished lower on Friday, giving up earlier gains to build a loss for the week, as data showing slower Chinese economic growth fed worries about weaker demand for oil and a recent report revealed a fifth consecutive weekly rise in U.S. crude inventories. However, support tied to...

Oil Rises for a Third Day Amid Low Volumes Yet Concerns Linger

Oil rose for a third day in New York amid low trading volumes, recouping most of this week’s earlier losses, yet the outlook remained clouded by concerns over the economy and abundant supplies. West Texas Intermediate futures climbed as much as 1.2% with little news to drive the increase...

Oil prices dip as China posts slowest GDP growth in almost 3 decades

Oil prices fell on Friday after China, the world’s largest oil importer, recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. Global benchmark Brent crude oil futures fell by 34 cents, 0.6%, to $59.57 a barrel by 0350...

Oil Poised for Weekly Decline as Trade-Deal Optimism Subsides

Oil headed for a weekly drop as optimism over U.S.-China trade detente was tempered by signs it will still be hard to reach even a limited deal, while American crude inventories data painted a mixed picture. Futures in New York edged lower on Friday and are down 1.5% for the week. Crude closed...

EIA: US crude oil stocks increased by 9.3 million barrels

The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US increased by 9.3 million barrels in the week ending October 11, compared to analysts estimate for a build of 2.9 million barrels. With the initial market...

Oil Prices Fall as U.S. Crude Stockpiles Rise Sharply

Oil prices fell on Thursday in Asia after the American Petroleum Institute (API) said crude stockpiles rose sharply last week. U.S. Crude Oil WTI Futures lost 0.8% to $52.92. International Brent Oil Futures were down 0.7% to $59.02. The API said crude inventories rose by 10.5 million barrels to...

Oil Drops as Industry Reports Shows Big Jump in U.S. Stockpiles

Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs. Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5...