The U.S. Energy Information Administration (EIA) said on May 9 that pessimism about a weak global economy, inflation and continued turmoil in the banking industry overshadowed concerns about OPEC's production cuts, dragging down the ...
Domestic production will briefly return 13.3 million bpd in February but then decline through the middle of the year, according to the EIA. The U.S. will not exceed the production record of 13.3 million bpd until February 2025. U.S. crude production has weighed on oil prices for months as...
WTI oil prices were down this morning (Wednesday) to a low of $97.06 for September contracts, after the Energy Information Administration (EIA) reduced its 2014 price forecast yesterday. Citing increased oil production in the United States, the EIA...WTI Oil Prices Down Th...
EIA says that price is $20 a barrel higher than the WTI spot price in the fourth quarter of 2003, and is $5 a barrel above the fourth quarter projection contained in the agency's October Outlook, "WTI prices moved up sharply in October, in part because of production losses in the ...
Crude oil and gasoline prices Tuesday posted moderate gains, with crude climbing to an 8-week high and gasoline climbing to a 3-week high. Crude has carryover support from last Friday when the weekly EIA report showed that US crude inventories fell by -4.24 million bbl, a larger draw than...
The data analyzed, from the EIA [1], covers the monthly closing prices of WTI crude oil from January 1987 to February 2023, totaling 434 observations and showing total integrity with no missing or null records. The distribution of this data is illustrated in Figure 4. Figure 4. WTI Crude ...
Oil Spot Price was in 2008 when prices for WTI Crude reached as high as $145.31/barrel because of large cuts in production. However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of WTI Crude fell as much at 70% off highs in January of 2009...
Brent crude and WTI oil prices from US EIA. Contribute to bhat12/oil-prices development by creating an account on GitHub.
"The meltdown in Libyan crude oil production, the increasing threat of a wider war in the Middle East, and EIA crude oil storage at an eight month low, are all serving as tailwinds for crude oil," Bob Yawger, executive director of energy futures at Mizuho Securities, wrote in an a...
industrial production and Japanese cash earnings rose more than expected. Gains in crude oil Thursday were limited by negative carryover from Wednesday's bearish EIA report, which showed that crude inventories fell less than expected last week and that gasoline and distillate supplies rose more than...