Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases.
November 10, 2015BusinessFuel
Oil Caps Weakest Quarter Since 2009 as Global Glut Seen Growing
Oil slipped, capping the lowest quarterly average price since the start of 2009 as U.S. crude inventories climbed.
October 1, 2015BusinessFuel
Oil Drops to 5-Year Low on Concern Supply Glut to Worsen
Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.
December 18, 2014BusinessFuelLogistics
Railroads Press Against Proposals to Slow Oil Trains
U.S. railroads are rallying customers, including lumber and steel companies, to fight a government proposal to slow trains hauling crude oil.
October 16, 2014BusinessFuel
WTI Crude Slips Below $90 for First Time in 17 Months
West Texas Intermediate oil fell below $90 for the first time in 17 months amid signs that supplies from Russia, Saudi Arabia and the U.S. are outstripping demand.
October 2, 2014BusinessFuelLogistics
Oil-by-Rail Safety Rule Seen Adding Costs: Railroads, API
Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said.
September 30, 2014BusinessFuel
Soaring U.S. Crude Output Could Buoy Trucking Industry
The significant growth in U.S. crude oil production, which recently overtook imports for the first time in 18 years, should help trucking by increasing freight volumes and possibly keeping a lid on prices, industry experts said.
December 9, 2013GovernmentBusinessFuel
CFTC Proposes Rule Aimed at Limiting Oil Speculation Among Traders
Oil traders would be limited in the number of positions they can hold under a proposed rule approved Nov. 5 by the Commodity Futures Trading Commission.
November 7, 2013BusinessFuel
Oil Falls to Five-Month Low Near $93 a Barrel
Oil fell to a five-month low Nov. 5 to near $93 a barrel on speculation that inventories increased last week, Bloomberg News reported.
November 5, 2013BusinessFuel
Crude Oil Closes Below $100 for First Time Since July
Crude oil finished trading at $99.68 a barrel Oct. 21, declining $1.43 to the lowest level since July 2 as the Energy Information Administration announced supplies increased, Bloomberg News reported.
October 21, 2013