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American Petroleum Institute News

13 Jul 2016

Oil prices dip in Asia as oversupply worries return

Oil prices turned lower again in Asia on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's surge.

04 Nov 2015

Oil prices sink on US energy report

In London late afternoon trade, Brent North Sea crude for December slid USD 1.59 to stand at USD 48.95 per barrel.

22 Jul 2015

Oil prices resume decline on supply glut concerns

Oil prices resumed their decline Wednesday following a US report showing that stockpiles surged last week, with analysts warning of further weakness ahead.

05 May 2015

Brent crude slips towards $66 on Saudi plan to halt Yemen bombing

Brent crude oil futures slipped by 8 cents to $66.37 a barrel by 0215 GMT, after touching a 2015 high of $67.10 on Monday.

American Petroleum Institute

24 Mar 2015

Oil rebounds above $56 as weaker dollar overshadows China slowdown

Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high.

US Energy Information Administration

28 Jan 2015

Oil tumbles; US crude prices near 6-year low on record stockpiles

Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer.

24 Dec 2014

Oil drops below $61 on supply glut, strong dollar

Brent oil fell by more than $1 towards $60 per barrel on Wednesday, weighed down by strong supply in the United States and a rising dollar.

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