U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information Administration (EIA) said May 22. Crude inventories rose 4.7 million barrels in the week ended May 17, compared ...
EIAreport: US strategic oil reserve (SPR) inventories fell by 1.867 million barrels to 353.6 million barrels in the week of June 02, a decrease of 0.53%.
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Federal Reserve Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto Wed, Dec 4th 2024 Economy Trump plans to nominate Paul Atkins as SEC chair in crypto-friendly move Wed, Dec 4th 2024 Economy Private payrolls grew by 146,000 in November, less than expected, ADP sa...
US Seeks to Buy up to 3 Million Barrels for Oil Reserve for Jan Delivery More Reuters An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 20...
Annual inflation is approaching the Federal Reserve’s target without a recession, non-managerial real wages have exceeded pre-pandemic trends, consumer spending is continuing to exceed expectations, investment in factories is at record levels, and the United States is a net exporter of petroleum ...
However, by the 1970s, the U.S. economy faced major crosswinds, including the vast increase in spending on the Vietnam War and oil price shocks. In the late 1970s and into the early Reagan administration, Volcker and the Federal Reserve raised interest rates significantly to combat inflation...
Those who don't want to make a $3,000 minimum investment will find these mutual funds more accessible. Marc GubertiDec. 10, 2024 9 Best Small-Cap Stocks to Buy in 2025 Changing policies and market conditions are lifting these small-cap stocks in the coming year. ...
Expected uncertainty in future oil demand The signals previously released by the Federal Reserve to the market have caused widespread concern among investors that the rate cut cycle may not come so quickly. On Tuesday, Federal Reserve Chairman Powell did not specify the timing of the rate cut, ...
It is not like the USA has that much oil in reserve so long term it does not matter. There is/could be a LOT of consolidation in the US shale industry - there are dozens of companies that would be on the lookout for an acquisition (or looking to sell) if they thought the ...