Tag Archives: Tropical Storm Lee

Oil up as supplies drop and stimulus speculation grows

Posted on September 21, 2011 by pmarek

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 …

Posted in Commodities, Main Post | Tagged Analysts, barrels, Coast, crude, demand, economy, Energy Department, Energy Information Administration, evacuate, Federal Reserve, gasoline, government, Gulf, inventories, investors, Oil, oil platforms, package, speculating, stimulus, supply, trading, Tropical Storm Lee, WTI crude | Comments Off

Oil hit $89 a barrel on supply concerns

Posted on September 7, 2011 by Josie Middleton

Oil is up by more than $3 a barrel today on expectations that the storms in the Gulf of Mexico will slow down oil production in that region.

Commodity traders and analysts believe that the U.S. will see stockpiles drop …

Posted in Commodities, Main Post | Tagged Analysts, barrel, Bureau of Ocean Energy, Chevron, commodity, CVX, cyclone, expectations, Gulf of Mexico, Libya, management, MUR, Murphy Oil, Natural Gas, New York Mercantile, NYSE:CVX, NYSE:MUR, NYSE:SU, Oil, oil and gas, production, report, sector, slowdown, stockpiles, storms, SU, Suncor Energy, traders, trading, Tropical Storm Lee, weather, WTI crude | Comments Off

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Tag Archives: Tropical Storm Lee

Oil up as supplies drop and stimulus speculation grows

Oil hit $89 a barrel on supply concerns

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