Page 7 - Us Oil Prices
US oil prices rise to highest since 2014 amid global energy crunch
US oil prices rose for a fifth day on Wednesday to their highest since 2014 amid global concerns about energy supply on signs of tightness in crude, natural gas and coal markets.
 "US oil prices rise to highest since 2014 amid global energy crunch")
 "Oil hits 6-week high on fears of US supply disruptions from storm Nicholas")
Oil recovers as tight US supplies offset China reserves sale plan
SINGAPORE (Reuters) - Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of nearly 1% after China announced plans to sell crude from its strategic reserves.
Rupee slips 1 paisa to close at 73.07 against US dollar as oil rises
The domestic currency has lost 27 paise in the last four trading sessions.
 "Rupee slips 1 paisa to close at 73.07 against US dollar as oil rises")
Oil steadies after sell-off as US stockpiles rise less than expected
Crude inventories in the United States increased by 1.3 million barrels last week, against analysts' expectations for a 1.6 million-barrel rise
 "Oil steadies after sell-off as US stockpiles rise less than expected")
Will Colonial fuel pipeline shutdown mean US pump prices rise?
The largest US fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyberattack
 "Will Colonial fuel pipeline shutdown mean US pump prices rise?")
Oil prices slip for fifth consecutive day lower after US stockpile build
Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in US crude and fuel inventories, while the ever-present pandemic clouded the demand outlook
 "Oil prices slip for fifth consecutive day lower after US stockpile build")
US becomes India's second biggest oil supplier, Saudi falls to fourth spot
Iraq continued to be the top oil seller to India despite a 23% decline in purchases to a five-month low of 867,500 bpd, the data showed
 "US becomes India's second biggest oil supplier, Saudi falls to fourth spot")
Barclays lifts 2021 oil price outlook on tighter US supply view
Barclays cited weaker than expected supply response from US producers to higher prices
 "Barclays lifts 2021 oil price outlook on tighter US supply view")
Oil prices increase more than $1 as US output slow to restart
Morgan Stanley expects Brent crude prices to climb to $70 per barrel in the third quarter
 "Oil prices increase more than $1 as US output slow to restart")
Oil prices rise with storm-hit US output set for slow return
Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel by 1330 GMT
 "Oil prices rise with storm-hit US output set for slow return")
Oil gains on weaker dollar, unexpected rise in US crude oil inventories
A weak greenback makes dollar-denominated commodities such as crude oil cheaper to holders of other currencies.
Oil takes breather after coronavirus vaccine rally as stockpiles rise
US oil edged lower, after an industry report showed crude stockpiles in United States rose against expectations, tempering a rally driven by news that another vaccine had proved effective in trials
Devon Energy to acquire shale-oil rival WPX Energy for $2.56 billion
The all-stock deal comes as US shale companies have posted big losses on weak crude prices amid the Covid-19 pandemic and have struggled to raise new capital to restructure debt
 "Devon Energy to acquire shale-oil rival WPX Energy for $2.56 billion")
66% energy execs believe US oil production has peaked: Dallas Fed survey
The Dallas Fed did not say if the peak was considered temporary or permanent as major oil firms have been discussing
US shale oil output to drop 68,000 bpd to 7.64 million bpd in October: EIA
US oil output from seven major shale formations is expected to decline by about 68,000 bpd in October to 7.64 mn bpd, the US Energy Information Administration said
 "US shale oil output to drop 68,000 bpd to 7.64 million bpd in October: EIA")
Oil prices gain as storm shuts US output, progress in Covid-19 treatment
Brent crude was up 32 cents, or 0.7 per cent, at $44.67 a barrel by 0753 GMT. US West Texas Intermediate crude rose 31 cents, or 0.7 per cent, to $42.65
 "Oil prices gain as storm shuts US output, progress in Covid-19 treatment")
China ramps up US oil purchases ahead of trade deal review: Report
China had emerged as a top U.S. crude buyer, taking $5.42 billion worth in 2018 before trade tensions brought flows to a near halt
 "China ramps up US oil purchases ahead of trade deal review: Report")
Oil prices slide as surge in Covid-19 cases weighs on demand outlook
US West Texas Intermediate crude futures were down 70 cents, or 1.7 per cent, at $40.57 a barrel
 "Oil prices slide as surge in Covid-19 cases weighs on demand outlook")
Oil prices mixed as coronavirus spike casts shadow over US demand
OPEC and allies including Russia, collectively known as OPEC+, have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July
 "Oil prices mixed as coronavirus spike casts shadow over US demand")
