Crude Oil Gains for Second Day on Speculation Demand Will Rise



March 8th, 2010 | File Under : Mining Stock - Oil and Gas - Petroleum

crude oil gains speculation demand riseCrude oil rose for a second day on speculation improving world demand and OPEC supply restrictions will help slow growth in stockpiles.

A report...

U.S Crude Oil Inventories Reported, Crude Oil Decline on Forecast Fuel Suplies Grew



September 23rd, 2009 | File Under : Oil and Gas - Petroleum

Crude oil fell in New York before a report forecast to show that U.S. inventories of heating oil and other distillate fuels rose from their highest in 26 years.

The Energy Department may report a 1.45 million-barrel increase in U.S. distillate fuel inventories in the week to Sept. 18, according to the median of estimates in a Bloomberg survey. Stockpiles, which also include diesel, were previously at 167.8 million barrels, the most since January 1983.