crude oil


Big crude draw offset by large products build


A large draw of more than 7 million barrels of commercial crude oil from U.S. stocks was more than offset by massive refined products builds of gasoline, diesel and heating oils.

Oil & Gas

Crude oil poised to extend slump


Crude oil is poised to extend the biggest slump in more than two years after Saudi Arabia signaled it’s ready for a price war with other OPEC members, according to Commerzbank AG and Citigroup Inc. Saudi Aramco, the state-run oil producer of the world’s biggest exporter, cut prices on Oct. 1 for all its exports, reducing those for Asia to the lowest level since 2008.