U.S. Oil Inventories Fall Sharply, Fuel Supplies Rise The drop came despite a 1.7-million-barrel transfer of crude oil last week from the Strategic Petroleum Reserve.
U.S. oil price ends below $70 a barrel on global rate hikes, rise in product .
Kimmeridge-Backed Civitas to Buy Oil and Gas Assets for $4.7 Billion Civitas emerges as a consolidator with acquisitions from Hibernia Energy III and Tap Rock Resources, companies backed by NGP Energy
Oil prices end lower, failing to hold gains.
Oil prices tally their biggest weekly gain since April Oil futures log their highest settlement in more than a week on Friday, contributing to their largest weekly gain since April.
Drilling Stocks Plunge on Bets for Oil Price Slump Share.
MARKET WRAPS Watch For: U. Michigan Preliminary Consumer Survey for June Today s Top Headlines/Must Reads: - Bank of Japan Keeps Ultralow Interest Rates Unchanged - The Global Economy Looks Like It s Out of Sync - Drilling Stock.
MARKET WRAPS Stocks: European stocks edged higher on Friday, as investors continued to digest the central-bank decisions in the U.S. and Europe that showed policy makers aren t yet finished raising rates as underlying inflation pressures persis.