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Rich Asplund

Crude Settles Lower as Hurricane Beryl Misses Gulf Oil Operations

Oil Hurricane Hurricane Beryl United States OPEC Hezbollah

August WTI crude oil (CLQ24) on Monday closed down -0.83 (-1.00%), and Aug RBOB gasoline (RBQ24) closed down -2.12 (-0.83%).

Crude oil and gasoline prices Monday posted moderate losses. A stronger dollar on Monday was bearish for crude prices. Also, concerns receded that Hurricane Beryl would impede oil operations in the Gulf of Mexico after the hurricane made landfall in Texas Monday. In addition, signs of weak energy demand in China are undercutting crude prices. Losses in crude were limited as Monday's rally in the S&P 500 to a new record high shows confidence in the economic outlook that is positive for energy demand and crude prices.

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Top stories on inkl right now

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

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Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Protesters spent months occupying an ancient cottonwood. Then a tense standoff with US border patrol came to a head

The Guardian - US

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Top stories on inkl right now

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Protesters spent months occupying an ancient cottonwood. Then a tense standoff with US border patrol came to a head

The Guardian - US

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Dakota Johnson Says She Grew Pubic Hair for 'Fifty Shades' Even Though the Film Added It Digitally

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International Business Times UK

As companies pour billions into Earth-based AI infrastructure, Google taking the data center race off-planet

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After Megan Fox Horrified Fans, Cameron Diaz Faces Scrutiny Over Her Looks As Comment About Aging Resurfaces

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Harvard’s $27.50 stained document was a rare Magna Carta original

Harvard Law School bought a stained and faded parchment in 1946 for just $27.50, believing it was an ordinary later copy of the Magna Carta. The document was catalogued as dating from 1327 and remained in the library for decades. Nearly 80 years later, medieval historians examining a digital image…

The Times of India

Former Black Midi frontman cancels US tour after sexual misconduct allegations

Flyers containing the accusations were handed out at show in Vancouver, Canada

The Independent UK

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