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Oil up over ongoing tight US supply, China's crude sales from reserves
- China's first sale from its strategic reserves totals 4.43 million barrels
Oil up over more-than-expected fall in US crude supplies
- US commercial crude oil inventories drop by 3.5 million barrels, while expectation was 2.4 million-barrel draw
Oil up over estimated fall in US crude stocks, tight supply
- American Petroleum Institute forecasts larger-than expected drop of 6.11 million barrels in US stockpiles
Oil up on ongoing US supply disruptions ahead of stockpile projection data
- Shell reports significant structural damage in its offshore facilities at hurricane-hit Gulf of Mexico
Oil down on back of rising dollar and increase in US rigs
- Oil & gas production in US Gulf of Mexico, which has not normalized after Hurricane Ida, is limiting further price declines
Oil up over 2% amid US supply disruption in week ending Sept. 17
- Positive demand projections for next year, more-than-expected drop in US stockpiles also supported price gains
Oil down as strong dollar offsets US supply disruptions
- Soaring natural gas prices are also limiting downward trend in crude
Oil up as US fuel stocks drop over expectations
- However markets are projected to balance as OPEC+ producers are set to rise output by 400,000 barrels per day in October
Oil up over estimated US stockpile drop, positive demand projections
- However gains are limited as China prepares for its first sale of oil from its strategic reserves on Sept. 24
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Oil up as tropical storm Nicholas raises fears of US supply disruptions
- Upgraded to hurricane on Monday, tropical storm Nicholas is causing evacuations on offshore US Gulf of Mexico oil platforms
OPEC keeps 2021 global oil demand forecast unchanged, revises up for 2022
- Crude output rises mainly in Iraq, Saudi Arabia, but decreases in Nigeria, says OPEC
Oil up as supply disruptions continue in US Gulf of Mexico
- Investors to focus on OPEC and EIA oil market reports to be released later this week
Oil up by 2% amid mixed demand messages in week ending Sept. 10
- Raising supply fears, China on Thursday announced its decision to release crude oil reserves to market via public auction
Oil up as US fuel stocks drop over expectations
- US gasoline inventories fall by 7.2 million barrels, signaling improving demand and more mobility
Oil up over estimated rise in US fuel stocks, ongoing supply halts in US
- Almost 76.9% of oil and 77.2% of natural gas output in Gulf of Mexico is still shut in after Hurricane hit area last week
Oil up as halts in production in US hurricane-hit areas continue
- 79.3% of oil production and 77.9% of natural gas production in Gulf of Mexico have been shut in, says US BSEE
Oil mixed over positive economic data from China, Saudi price trim
- Supply halts in US after Hurricane Ida continues to push prices up although demand woes after Saudi price cut axes further rises
Oil down as deep Saudi price cut signals demand slip in Asia
- Further price declines are limited by supply disruptions in US after Hurricane Ida
Oil up 2% on fall in US crude stocks, weak dollar in week ending Sept. 3
- However, Hurricane Ida and OPEC's production boost negatively affected prices throughout week
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Oil mixed over weaker dollar, US crude oil inventory data
- Investors will focus on US monthly jobs report for August which is scheduled for release late Friday
ANALYSIS - OPEC+ keeps hopes up
- One of key challenges for OPEC+ for next years will be to procure all it can to keep well-supplied oil market running parallel to post-pandemic recovery period both for consumers and producers alike
Oil down as OPEC+ reconfirm decision to incrementally raise production
- However, more than expected drop in US crude inventories in past week limits downward price trend
OPEC+ sticks to existing policy of gradually easing output cuts
- While effects of COVID-19 pandemic continue to cast some uncertainty, market fundamentals have strengthened, group says
Oil up over estimated US stockpile drop, supply woes ahead of OPEC+ meeting
- OPEC+ producers are likely to continue boosting production by 400,000 barrels per day from September through December
Oil prices down on oversupply concerns ahead of OPEC+ meeting
- Delta COVID-19 is still perceived as risk factor in adversely affecting economic recovery and global oil demand
Oil up 9% on China's COVID recovery, hurricane threat in Gulf of Mexico
- Fall in US crude oil inventories and full approval of Pfizer vaccine in US raises prices higher
Oil up on COVID recovery in China, possible output halt in Gulf of Mexico
- Investors are also watching Fed chief’s scheduled speech on Friday on US monetary plans
Oil prices down over COVID-induced demand fears despite US oil stock drop
- US inventories fall by 3 million barrels relative to market estimate of 2.37 million-barrel decrease