Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Prices Pressured by Concerns About a Global Oil Glut

Oil United States OPEC IEA International Energy Agency Donald Trump EIA ISIS Nigeria

February WTI crude oil (CLG26) on Friday closed down -0.10 (-0.17%), and February RBOB gasoline (RBG26) closed down -0.0168 (-0.08%).

Crude oil and gasoline prices tumbled to 2-week lows on Friday on expectations for a record global supply surplus.  Both the International Energy Agency (IEA) and the US government expect global production to exceed consumption, from a 4-year high in 2025 to a record this year.  Friday's stronger dollar was also bearish for energy prices.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Woman compares an $85 men’s sweater at Abercrombie to a women’s version. Then she reveals the fabric difference: ‘This is blasphemy’
The price is the same; the materials are not
We Got This Covered
We Got This Covered
Lost Eloise portrait found in dumpster sells for $100,000 after decades in closet
In a fascinating twist of fate, Eloise's original portrait, crafted by Hilary Knight in 1956, mysteriously disappeared during a Junior League Ball in 1960. Rediscovered in a dumpster, it lay dormant in Knight's closet for years, only to be brought back to life at a 2017 exhibition at the New-York…
The Times of India
The Times of India
Kim Kardashian Is 'Technically More a Lawyer' Than Trump's Press Secretary, Jimmy Kimmel Says
During an appearance on Jimmy Kimmel Live!, Kim Kardashian discussed her legal studies as Kimmel joked about her qualifications compared with departing White House press secretary Katie Zacharia.
International Business Times UK
International Business Times UK
Picasso Plates Auction Sale: thrift find turns into $34,000 windfall; she saves one for later
While perusing a thrift store, Nancy Cavaliere stumbled upon four ceramic plates attributed to Pablo Picasso, each priced at just $1.99. After authenticating them through an auction house, she struck gold with a December 2022 sale where three plates fetched a remarkable $34,000. The plates are part of Picasso's Visage…
The Times of India
The Times of India
‘A key artist in her own right’: wallpaper and fabrics designer emerges from William Morris’s shadow
Creativity and influence of Morris & Co designer Kate Faulkner to be detailed in Cambridge exhibition
The Guardian - UK
The Guardian - UK
Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’
Cuban, who grew up in a working-class family, says his early hustles laid the groundwork for a career that took him from a crowded Dallas apartment to billionaire status.
Fortune
Fortune
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play