Tag: barrel

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Oil futures decline, with U.S. prices back below $60 a barrel

Oil futures settled lower on Friday, with U.S. prices back below $60 a barrel and ending the week lower. Traders…

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API sees 4.8 million barrel fall in U.S. oil inventories: reports

The American Petroleum Institute on Tuesday reported that U.S. crude inventories fell 4.8 million barrels last week, news reports said….

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Energy ETFs surge as oil nears $50 a barrel

Exchange-traded funds tied to the energy sector led the broader market Wednesday as an industry group reported a decline in…