Tag Archives: Energy Department
Oil gains on better than expected labor report
Oil rose again today to put it over the $83 a barrel mark as a better than expected report was released on U.S. job growth which helped in easing concerns that the economy is slowing down. Oil has rallied by …
Oil up as supplies drop and stimulus speculation grows
Oil is trading slightly higher today due to the sharp decrease in crude oil supply last week.
The Energy Department’s Energy Information Administration reported that oil inventories dropped by 7.3 million barrels last week, way more than the 1 million …
Crude oil supplies drop by 6.7 million barrels
According to the Energy Department’s Energy Information Administration crude oil supplies fell last week by more than double what analysts had expected, gasoline supplies grew.
The government agency stated that supplies of crude fell by 6.7 million barrel, or 1.9 …
Natural Gas stockpiles rise by more than expected
According to a report released by the Energy Department’s Energy Information Administration natural gas supplies increased by more than analysts expected during the week that ended September 2nd.
The government agency announced that natural gas held in underground storage in …
Crude supplies drop by 4 million barrels
According to the Energy Department’s Energy Information Administration crude oil supplies fell last week while gasoline supplies grew.
The government agency stated that supplies of crude fell by 4 million barrel, or 1.1 percent to 353.1 million barrels, 1.9 percent …
Natural gas levels rise by less than expected
According to a weekly report released by Energy Departments Energy Information Administration the United States gas supplies increase last week but the numbers came below what analyst had expected.
The government agency reported that natural gas in underground storage for …
