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US crude oil stocks jump by 7.6 million barrels, most since April -EIA

Energy Information Administration (EIA) said that US crude stocks surged by 7.6 million barrels last week, the largest build since April, while gasoline and distillate inventories fell inventories rose by 7.6 million barrels to 468.56 million barrels last week, compared ...

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West Texas Intermediate climbs within sight of USD 60 a barrel

US crude oil futures settled higher again overnight following an extension of the deadline for an agreement over Iran’s nuclear program and as traders continued to watch developments in Greece’s debt negotiations.  August crude added 2% to settle at USD ...

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US crude oil and Gulf Coast imports

The EIA has said that in recent years, higher domestic production of light, tight crude oil has led to a reduction in crude oil imports. Certain types of crude oil have been affected more than others. As an example, the ...

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