Despite the impact of Hurricane Harvey in the south, the nation’s oil and gas rig count increased by one in the past week while Oklahoma remained steady. The national count grew to 944 as the number of oil rigs dropped by 3 in the past week to hit 756. The number of gas rigs grew …
Domestic crude oil futures settled lower on Thursday after U.S. government revealed an uptick in domestic crude inventories following Hurricane Harvey and the related refinery disruption in Texas, according to Bloomberg MarketWatch. October West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $49.09 a barrel on the New York Mercantile Exchange. On the …
The domestic oil benchmark closed at a four-week high on Wednesday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude rose 50 cents, or 1%, to settle at $49.16 a barrel, marking the highest settlement since August 9. On the London ICE Futures Exchange, October Brent crude, the global …
Domestic oil prices saw on their highest finish in three weeks on Tuesday as Gulf Coast refineries powered back up after the disruptions caused by last week’s Hurricane Harvey, according to Bloomberg MarketWatch. October West Texas Intermediate crude oil advanced $1.37, or 2.9%, to settle at $48.66 a barrel on the New York Market Exchange. November …
The latest weekly oil and gas rig count revealed an increase for the nation while the rig count is flat in Oklahoma, according to Houston-based Baker Hughes Company. The nation’s rig count gained three to reach 943, up from a year ago when it had 446 working rigs. Oklahoma’s count remains at 130 compared to …
Oil prices edged up Friday but settled with a fifth consecutive weekly loss as traders weighed Harvey’s effect on crude production and refinery demand in the Gulf of Mexico region, according to Bloomberg MarketWatch. October West Texas Intermediate crude rose 6 cents, or 0.1%, to settle at $47.29 a barrel on the New York Mercantile Exchange. …
Crude oil futures rallied on Thursday as flooding continued to disrupt refinery operations along the Gulf Coast, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude oil rose $1.27, or 2.8%, to settle at $47.23 a barrel. October Brent crude, the global benchmark, added $1.52, or 3%, to end …
Crude oil futures settled lower on Wednesday as traders were unfazed by government reports that revealed a large weekly drop in supplies before the impact of Hurricane Harvey, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude shed 48 cents, or 1%, to settle at $45.96 a barrel —its …
Tulsa-based ONEOK, Inc. announced that its Mont Belvieu, Texas complex near Baytown is operational and has not experienced significant damage from the impact of Hurricane Harvey. All ONEOK employees located in the Gulf Coast area have checked in with the company and are safe, according to a company press release issued on Wednesday. Some ONEOK assets …
Domestic crude oil prices settled lower on Tuesday in the wake of Hurricane Harvey as Brent crude posted a jump to separate the two benchmarks by more than $5 a barrel, according to Bloomberg MarketWatch. October WTI crude fell 13 cents, or 0.3%, to settle at $46.44 a barrel on the New York Mercantile Exchange. On …
