oil and gas

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Oil Prices Reach Fresh High for 2016

Oil prices reached a fresh year’s high on Wednesday, with U.S. prices breaking above $45 for the first time since November following data that showed a surprise fall in U.S. oil inventories. Brent crude, the…

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Oil retreats from 2016 highs on US crude build-up

Oil prices retreated from 2016 highs on Wednesday after US crude inventories built to record highs, with the market remaining in positive territory on bets that an upcoming US central bank policy statement will keep…

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NYMEX, Brent gain as API draws aid sentiment

Crude rose in Asia on Wednesday as U.S. industry estimates of stockpiles showed drops that signaled solid demand prospects and investors awaited word from the Federal Reserve on intersst rates. The American Petroleum Institute weekly…