Oil

U.S. crude inventories jumped, adding to the bearish tone.

Oil prices rose on Wednesday after U.S. government data indicated bullish demand for gasoline and distillates, which overshadowed a surprise build in U.S. crude inventories and U.S. crude oil production hitting 11 million bpd for the first time.

Brent crude hit a three-month low.

The U.S. is the world’s largest producer and consumer of oil and natural gas, according to the U.S. Energy Information Administration.

Oil retreated as Trump and Putin meet.

Traders also keeping an eye on Trump-Putin summit.

Oil is set for a second weekly decline.

Oil bounces back after the biggest one-day drop in two years.

President Trump publicly criticized Germany over its Baltic Sea gas pipeline deal with Russia.

OPEC lowered its 2019 oil demand projections.

The Trump administration threatened another $200 billion in tariffs placed on Chinese goods.

Asian markets fell dramatically on the news.

Hundreds of workers on Norwegian oil and gas offshore rigs are due to strike on Tuesday.

Global oil prices are steadily climbing and may continue that trend.

Trade conflict concerns have faded to some extent.

Bernstein Research says oil producers need to invest more money in long-term projects.