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The Latest Breaking News from crude oil

Crude Prices Post Moderate Losses as IEA Forecasts Adequate Global Supplies

February WTI crude oil (CLG24 ) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24 ) closed down -2.07 (-0.95%). Crude oil and gasoline prices on Friday settled moderately lower. Expectations that global oil supplies will remain adequate despite geopolitical risks in the Middle East are weighing on...

Barchart

Crude Rallies on U.S Economic Strength and Middle East Tensions

February WTI crude oil (CLG24 ) on Thursday closed up +1.52 (+2.09%), and Feb RBOB gasoline (RBG24 ) closed up +4.81 (+2.25%). Crude oil and gasoline prices Thursday closed sharply higher. Thursday's better-than-expected U.S. economic news was positive for energy demand and crude prices. Also, heightened geopolitical risks in the...

Barchart

Iran's Dark Fleet fuels economy, skirting U.S. sanctions

Discover how Iran is skirting U.S. sanctions and smuggling large amounts of crude oil to China through the Dark Fleet or Ghost Armada of tankers.

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Crude Prices Post Moderate Gains as Geopolitical Risks Rise in the Middle East

February WTI crude oil (CLG24 ) on Thursday closed up +0.65 (+0.91%), and Feb RBOB gasoline (RBG24 ) closed up +4.70 (+2.27%). Crude oil and gasoline prices Thursday settled moderately higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf...

Barchart

3 Rising Oil & Gas Stocks to Buy for Positive Investments

The global oil and gas market is flourishing with increased demand amid an unstable geopolitical backdrop. Hence, fundamentally strong oil & gas stocks Cheniere Energy (LNG), Plains All American Pipeline (PAA), and Hess Midstream (HESM) might be worth buying for positive gains. Read more….

StockNews.com

Crude Prices Jump After Iran Seizes an Oil Tanker in Gulf of Oman

February WTI crude oil (CLG24) this morning is up +1.96 (+2.75%), and Feb RBOB gasoline (RBG24) is up +5.98 (+2.89%). Crude oil and gasoline prices this morning are sharply higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf of...

Barchart

Crude Prices Fall on an Unexpected Build in Weekly EIA Inventories

February WTI crude oil (CLG24 ) on Wednesday closed down -0.87 (-1.20%), and Feb RBOB gasoline (RBG24 ) closed down -0.95 (-0.46%). Crude oil and gasoline prices Wednesday erased an early rally and closed moderately lower. Crude prices retreated after weekly EIA crude inventories unexpectedly rose, and gasoline and distillate...

Barchart

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Barchart

Sugar Prices Follow Crude Prices Lower

March NY world sugar #11 (SBH24 ) closed down -0.29 (-1.34%) on Wednesday, and March London ICE white sugar #5 (SWH24) closed down -9.50 (-1.53%). Sugar prices on Wednesday posted moderate losses. Weakness in crude prices weighs on sugar as WTI crude oil (CLG24 ) fell more than -1% on...

StockNews.com

3 Oil & Gas Stock Buys Energizing Portfolios

The oil and gas industry is well-positioned to experience substantial long-term growth primarily driven by rising energy demand worldwide. As oil prices are projected to remain steady in 2024, it could be wise to buy fundamentally strong oil and gas stocks Western Midstream Partners (WES), Sunoco (SUN), and Adams Resources…

Barchart

Crude Prices Rise as Houthi Rebels Ramp Up Attacks in the Red Sea

February WTI crude oil (CLG24 ) this morning is up +0.14 (+0.19%), and Feb RBOB gasoline (RBG24 ) is up +0.77 (+0.37%). Crude oil and gasoline prices this morning are modestly higher. Crude prices rose after Houthi rebels carried out one of their largest missile and drone attacks on commercial...

The Texas Tribune

Texas regulators limit oil and gas disposal wells in bid to reduce earthquakes in West Texas

Injecting saltwater back into the ground “is likely contributing to recent seismic activity,” the Railroad Commission of Texas has said.

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The Times of India

Govt holds back $600 million strategic oil reserve top-up

India’s finance ministry has scrapped a 50 billion rupee ($602 million) plan to top up the nation’s strategic crude oil reserves, given market volatility and the prospect of a further decline in prices.

Barchart

Crude Prices Gain as Global Supplies Tighten

February WTI crude oil (CLG24 ) on Tuesday closed up +1.47 (+2.08%), and Feb RBOB gasoline (RBG24 ) closed up +4.90 (+2.42%). Crude oil and gasoline prices on Tuesday posted moderate gains as they recovered about half of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil...

Barchart

Crude Prices Rebound from Monday's Sharp Losses

February WTI crude oil (CLG24 ) this morning is up +1.71 (+2.42%), and Feb RBOB gasoline (RBG24 ) is up +5.77 (+2.85%). Crude oil and gasoline prices this morning are moderately higher as they recover some of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil prices...

Barchart

Crude Closes Sharply Lower as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) on Monday closed down -3.04 (-4.12%), and Feb RBOB gasoline (RBG24 ) closed down -7.77 (-3.69%). Crude oil and gasoline prices on Monday sold off sharply, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

Crude Plunges as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) this morning is down -3.31 (-4.48%), and Feb RBOB gasoline (RBG24 ) is down -7.30 (-3.47%). Crude oil and gasoline prices this morning are sharply lower, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

Crude Settles Higher on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

Barchart

NY Sugar Slightly Higher on Strength in Crude

March NY world sugar #11 (SBH24 ) on Friday closed up +0.03 (+0.14%), and March London ICE white sugar #5 (SWH24 ) closed unchanged. Sugar prices on Friday settled little changed. Strength in crude oil supports sugar prices as WTI crude (CLG24 ) Friday rallied to a 1-week high. Higher...

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