US crude oil in storage had a huge spike last week

US crude oil inventories surged last week by the biggest amount since last April. Data from the Energy Information Administration showed that inventories jumped by 10.4 million barrels, much more than the forecast for 3.604 million according to Investing.com. On Tuesday, the American Petroleum Institute’s data also showed a big build, by 9.9 million barrels, which …

Petro River Oil Provides Corporate Update

Petro River Oil Corp. Provides Corporate Update NEW YORK, NY, February 9, 2016– Petro River Oil Corp.  (OTCBB: PTRC) (“Petro River” or the “Company”), is pleased to provide an update on our ongoing corporate activities, as well as the development plans for our core acreage in Osage County and our interest in several projects accessible through our pending …

Stocks Drop as Deepening Oil Rout Hits Earnings; Treasuries Jump

Share on FacebookShare on Twitter Stocks fell around the world, with the Dow Jones Industrial Average falling more than 250 points as oil’s renewed plunge toward $30 a barrel in New York rekindled concern that global growth is slowing. Treasuries rose with the yen. The Dow average tumbled as Exxon Mobil Corp. fell after reporting …