Energy Information Administration

Oil Trades Near Two-Month Low After U.S. Crude Supplies Increase

Oil Trades Near Two-Month Low After U.S. Crude Supplies Increase

Option Trading Partners Energy News 

#Oil

Trades Near Two-Month Low After U.S. Crude Supplies Increase

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U.S. crude stockpiles climbed to 487.3 million barrels last week, the highest for this time of year since 1930, government data show. Oil inventories have expanded to almost 3 billion barrels because of growing output in #OPEC and elsewhere, the #International Energy Agencysaid in a report on…

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US rig count rises by 2, first increase in 11 weeks

US rig count rises by 2, first increase in 11 weeks

Option Trading Partners Energy News

US rig count rises by 2, first increase in 11 weeks

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U.S. crude traded slightly above $40 a barrel while benchmark Brent was less than $2 from setting new 6½-year lows. The slump widened to oil products with U.S. gasoline tumbling to 10-month lows.

#Oil priceshave fallen in seven of the last eight sessions, with losses accelerating after U.S. government…

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