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

Weakness in Crude Oil Persists on Oversupply Concerns

Oil OPEC United States Pedro Angola Saudi Arabia Vortexa

January WTI crude oil (CLF24) on Thursday closed down -0.04 (-0.06%), and Jan RBOB gasoline (RBF24) closed down -0.0190 (-1.43%).

Crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude oil falling to a 5-1/4 month low and gasoline falling to a 1-year low.   Concern about excess global crude supplies continues to weigh on oil prices.  Also, doubts about whether OPEC+ crude production cuts will be adhered to are bearish for prices.  Losses in crude Thursday were limited by a weak dollar.

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
Wombat Cube Poop Carries a Personal Chemical Signature, and Neighbors Linger Over a Stranger's Pile
Wombat droppings carry individual chemical signatures, and wild wombats spend extra time sniffing latrines holding a stranger's scat, a study finds.
Medical Daily
Medical Daily
AI chatbots can be a valuable health resource for older adults – if they embrace ‘informed skepticism’
It’s easy to stereotype older adults as tech-averse or novice tech users. Yet a growing number of adults age 60 and older are embracing artificial intelligence, using it for entertainment, planning trips and even accessing health information.
The Conversation
The Conversation
Nicolas Cage makes candid confession about ‘problem’ that led to awkward Chris Rock encounter
Cage says he doesn’t ‘interrupt people anymore’ after an incident on the Howard Stern Show in 2022
The Independent UK
The Independent UK
I thought testing bread makers would be easy. 36 loaves later, I may have lost the plot
Our tester pushed her love of bread, and freezer space, to the limit in pursuit of the perfect homemade loaf. Plus, the best Kindles for every budget
The Guardian - UK
The Guardian - UK
How daylight saving time changes affect you and what you can do about it
It's almost time for most Americans to set their clocks back an hour
The Independent UK
The Independent UK
Taylor Swift and Kim Kardashian Reunion Rumour: Viral 'Spotted Talking' Photo Raises Questions About Their Feud
A viral photo allegedly showing Taylor Swift and Kim Kardashian talking has sparked reunion rumours, but questions remain over its authenticity
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play