Sarah Emerson

Crude Climbs Most This Year as Gasoline Supply Tumbles

West Texas Intermediate crude jumped the most this year as a government report showed that U.S. gasoline stockpiles tumbled while oil inventories rose less than analysts estimated.

OPEC February Output Rises for First Time Since August in

OPEC crude output rose for the first time in six months as rising Libyan production outpaced a cut by Saudi Arabia, which has implemented a program aimed at curbing excess supply and supporting prices, a Bloomberg survey showed.

Light Louisiana Sweet Weakens Against WTI by Most in Two Years

Light Louisiana Sweet and other Gulf Coast crudes traded lower against domestic benchmark West Texas Intermediate after Brent crude weakened versus WTI and tanks were filled for a new pipeline to the Houston area.

Gulf Crude Oils Weaken as Texas Pipeline Prepared for Service

Sour crudes produced in the Gulf of Mexico weakened against U.S. benchmark West Texas Intermediate as operators readied a pipeline to the coast and flows increased from the oil hub at Cushing, Oklahoma.

Keystone Oil Pipeline Assessment Signals U.S. Approval

A long-awaited environmental assessment of TransCanada Corp.’s Keystone XL pipeline cheered oil executives who see it as a signal the Obama administration will approve a project that has come to be viewed as a fight between jobs and the environment.

Oil Tumbles the Most This Year as Obama Wins Re-Election

Oil dropped the most this year in New York after President Barack Obama won re-election and Greece prepared to vote on austerity measures.

WTI Oil Rises to Cap Biggest Weekly Gain in a Month

West Texas Intermediate crude rose after U.S. employers added more jobs than planned, signaling climbing fuel demand, while Brent oil fell to the lowest level of 2013 on increasing flows in a North Sea pipeline.

Oil Falls for First Time in Four Days After Supply Gain

Oil dropped for the first time in four days after the U.S. Energy Department said inventories climbed the most in 20 months and as Western nations considered releasing crude from strategic reserves.

Oil Rises as Isaac Curbs Output, U.S. Supplies May Fall

Oil rose for the first time in four days in New York as Hurricane Isaac reduced offshore output in the Gulf of Mexico and on speculation that U.S. supplies fell to a five-month low.

Oil Tumbles to Seven-Month Low on U.S. Stockpile Glut, Eu

Oil tumbled to a seven-month low on speculation that U.S. crude stockpiles climbed to the highest level since 1990 and as the euro weakened on concern that the debt crisis will overwhelm Spain.

"The $100 level is important psychologically, because that's what OPEC is prepared to defend."

- Sarah Emerson on Apr 24, 2013

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