Crude oil inventory increases
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WASHINGTON -- Oil prices fell sharply yesterday after the US government reported US inventories of crude rose 3.4 million barrels last week, surprising many traders and analysts who had expected to see supplies shrink due to lingering output problems in
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Crude oil futures moved upward Wednesday, as the northeastern United States _ a heavy consumer of heating oil _ felt the first signs of what could likely be a colder-than-expected winter.
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BEIJING, Dec. 30 -- Crude oil rose for a second day after forecasters said weather next week in the US Northeast, where 80 per cent of the country&#39;s home heating oil is used, may be colder than predicted.
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Crude futures prices rose Monday on concerns about tight heating oil supplies ahead of winter, strong oil demand in China and fears about a planned petroleum-industry lockout in Norway.
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Crude oil rose to a two-week high on concern that heating oil supplies may be insufficient as the winter heating season approaches in North America and Europe.
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Aug. 18 (Bloomberg) -- Crude oil prices rose to a record in New York before a government report that&#39;s expected to show the third straight weekly drop in US crude oil inventories.
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SINGAPORE -- Crude oil futures rose to a record for a third day Monday, surpassing $55 in New York on speculation US demand for heating oil will deplete inventories this winter.
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Oil prices jumped by more than $1 per barrel Wednesday, after the U.S. government reported an unexpected drop in crude inventories amid the lowest import levels since 2005.
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Crude oil futures were little changed after plunging more than 3 percent yesterday when the US Energy Department reported an unexpected rise in inventories.
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Oil prices edged higher on Wednesday  ahead of weekly U.S. inventory data expected to show a fall in  crude stockpiles but rising product tanks.
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Oil futures prices rose more than $1 a barrel in volatile trading yesterday after a government report showed a sharp rise in US crude supplies and tightening inventories of heating oil.
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The price of crude oil rose to a record high yesterday even as the Bush administration agreed to tap the nation&#39;s emergency oil stockpile because of supply problems caused by Hurricane Ivan.
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U.S. crude oil supplies rose more than  expected last week as imports surged to their second highest on  record, the federal government said on Wednesday.
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Crude oil surged to a four-week high, bringing the gain this week to almost $3 a barrel, on concern that shutdowns caused by Hurricane Ivan would further reduce inventories.
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Oil prices edged higher on Wednesday ahead of weekly U.S. inventory data expected to show a fall in crude stockpiles but rising product tanks.
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Crude oil futures rose, extending their biggest gain in six months yesterday when the US government reported a decline in US heating-oil inventories.
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Crude oil climbed to a two-week high on concern colder winter weather will drain supplies of North American and European heating fuels before inventories rebound.