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Oil Slumps With U.S. Gasoline Supply Rising Most Since February - Bloomberg

Oil Slumps With U.S. Gasoline Supply Rising Most Since February - Bloomberg West Texas Intermediate for May delivery declined 83 cents to $58.50 a barrel at 12:29 p.m. in New York Brent for June settlement lost 74 cents to $62.00 a barrel Oil extended losses alongside a strengthening dollar while the biggest U.S. gasoline supply increase in two months offset a drop in crude inventories.Futures in New York furthered their decline to as much as 2% on Wednesday, in tandem with a rising ...
Tags: Travel, Europe, New York, Energy Information Administration, Tortoise, Rupert Neil Bumfrey, Brian Kessens


Oil Rises as U.S. Shutdown Ends While Venezuela Tensions Mount

Futures in New York rose 1.1 percent, gaining steam on reports President Donald Trump agreed to a three-week pause in the government shutdown to pursue border-security talks with Democrats. In Caracas, President Nicolas Maduro and Juan Guaido, the opposition leader, gave dueling speeches while the United Nations Security Council prepared to meet tomorrow on the crisis. “There’s some optimism now that the government shutdown, at least temporarily, may be behind us," said Brian Kessens, who help...
Tags: New York, News, Donald Trump, Nicolás Maduro, United Nations Security Council, Caracas, Brian Kessens, Juan Guaido, Venezuela Tensions Mount


Oil Rises as U.S. Shutdown Ends While Venezuela Tensions Mount - Bloomberg

Oil Rises as U.S. Shutdown Ends While Venezuela Tensions Mount - Bloomberg:Oil closed higher for the third day in a row as a deal to reopen the U.S. government eased investor fears while political turmoil in Venezuela roiled one of the world’s biggest suppliers of heavy crude.Futures in New York rose 1.1 percent, gaining steam on reports President Donald Trump agreed to a three-week pause in the government shutdown to pursue border-security talks with Democrats. In Caracas, President Nicolas Mad...
Tags: Travel, New York, Venezuela, Donald Trump, Nicolás Maduro, Tortoise, United Nations Security Council, Caracas, U S government, Leawood Kansas, Rupert Neil Bumfrey, Brian Kessens, Juan Guaido, Venezuela Tensions Mount Bloomberg


Crude Sinks as Emerging-Market Tumult Leads to Risk-Off Mood - Bloomberg

Crude Sinks as Emerging-Market Tumult Leads to Risk-Off Mood - Bloomberg:Crude plunged to a two-week low as emerging-market stocks tumbled to the edge of bear market territory.Futures in New York slid 1.4 percent on Thursday. Emerging-market stocks extended losses from a January peak to 20 percent, the threshold of a bear market. Meanwhile, the Energy Information Administration reported rising fuel stockpiles across the U.S. at the same time as supplies at the nation’s largest crude distribution...
Tags: Travel, New York, Bloomberg, Energy Information Administration, Cushing Oklahoma, Rupert Neil Bumfrey, Brian Kessens, Tortoise Investors