Energy News Results

  • Oil settles at lowest since January 2019

    Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market. April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $47.09 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data.

  • Oil finishes at lowest in over 13 months as coronavirus keeps market in 'stranglehold'

    By Myra P. Saefong and William Watts, MarketWatch. WTI, Brent prices down 5 straight sessions as coronavirus epidemic slows economic growth. Oil futures fell on Thursday, with prices posting a fifth consecutive session decline and their lowest finish in more than a year, as worries about the rapid spread of the COVID-19 epidemic outside of China continued to drive markets.

  • Natural-gas futures down nearly 6% as EIA reports smaller-than-expected weekly fall in U.S. supplies

    Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 143 billion cubic feet for the week ended Feb. 21. Analysts polled by S&P Global Platts forecast a decline of 158 billion cubic feet. Total stocks now stand at 2.2 trillion cubic feet, up 637 billion cubic feet from a year ago, and 179 billion cubic feet above the five-year average, the government said. April natural gas was down 11.2 cents, or 6.1%, at $1.725 per million British thermal...

  • Chesapeake Energy's 'very low' stock price prompts reverse split plans

    'Going concern' warning no longer a concern, but shares tumble toward yet another record low as commodities pricing environment has' deteriorated' in recent weeks. Shares of Chesapeake Energy Corp. (CHK) tumbled to another record low Wednesday, after the oil and natural gas production company said it was planning for a reverse stock split and that the commodities pricing environment has "further deteriorated" in recent weeks. The company also reported before the market opened a...

  • EIA reports a smaller-than-expected weekly rise in U.S. crude supplies

    Oil prices traded higher on Wednesday as data from the Energy Information Administration revealed that U.S. crude supplies edged up by 500,000 barrels for the week ended Feb. 21. Analysts polled by S&P Global Platts expected the data to show a rise of 2.8 million barrels. The American Petroleum Institute on Tuesday reported a climb of 1.3 million barrels, according to sources. The EIA data also showed supply declines of 2.7 million barrels for gasoline and 2.1 million barrels for...

  • Oil futures settle at lowest in over a year

    Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. April West Texas Intermediate oil fell $1.17, or 2.3%, to settle at $48.73 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data.

  • Oil price falls a 4th session in a row, and U.S. crude hits lowest finish in over a year

    By Myra P. Saefong and William Watts, MarketWatch. Prices saw a brief rise after EIA reported a 500,000- barrel weekly rise in U.S. crude supplies. Oil futures marked a fourth consecutive decline on Wednesday, pushing U.S. prices back below $50 a barrel for their lowest finish in more than a year.

  • *WTI oil futures mark lowest finish since Jan. 2019

    (END) Dow Jones Newswires 02-26-20 1435 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • *April WTI crude trades at $50.09/bbl on Nymex vs. $50.01 before the supply data

    (END) Dow Jones Newswires 02-26-20 1031 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • *EIA data show U.S. crude-oil inventories up 500,000 barrels last week

    (END) Dow Jones Newswires 02-26-20 1031 ET Copyright (c) 2020 Dow Jones& Company, Inc..

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