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The Latest Breaking News from crude oil

Crude Prices Sink on Anticipation of a Middle East Cease-Fire

January WTI crude oil (CLF25 ) Monday closed down -2.30 (-3.23%), and January RBOB gasoline (RBF25 ) closed down -0.0637 (-3.16%). Crude oil and gasoline prices plummeted Monday as geopolitical tensions eased in the Middle East amid reports Israel and Hezbollah are close to a cease-fire. Crude price sank Monday...

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Crude Slumps on Middle East Cease-Fire Hopes

January WTI crude oil (CLF25 ) today is down -2.13 (-2.99%), and January RBOB gasoline (RBF25 ) is down -0.0650 (-3.23%). Crude oil and gasoline prices today are sharply lower as geopolitical tensions ease in the Middle East amid reports Israel and Hezbollah are close to a cease-fire. Crude price...

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Geopolitical Risks from Iran and Russia Push Crude Prices Higher

January WTI crude oil (CLF25 ) Friday closed up +1.14 (+1.63%), and January RBOB gasoline (RBF25 ) closed up +0.0132 (+0.66%). Crude oil and gasoline prices settled moderately higher on Friday, with crude climbing to a 2-week high. The escalation of global geopolitical tensions is supportive of crude oil. Russia...

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Sugar Prices See Support as Crude Oil Rallies

March NY world sugar #11 (SBH25 ) today is up +0.11 (+0.51%), and March London ICE white sugar #5 (SWH25 ) is up +4.40 (+0.79%). Sugar prices today are moderately high as crude oil prices (CLF25) rallied more than +1% to a 2-week high. Higher crude prices benefit ethanol and...

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Crude Gains on Heightened Geopolitical Tensions

January WTI crude oil (CLF25 ) today is up +0.55 (+0.78%), and January RBOB gasoline (RBF25 ) is up up +0.0029 (+0.14%). Crude oil and gasoline prices today are moderately higher, with crude climbing to a 2-week high. The escalation of global geopolitical tensions is supportive of crude oil. Russia...

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Crude Posts Moderate Gains on Escalation of Ukraine-Russian Conflict

January WTI crude oil (CLF25 ) Thursday closed up +1.35 (+1.96%), and January RBOB gasoline (RBF25 ) closed up +0.0105 (+0.53%). Crude oil and gasoline prices rallied to 1-1/2 week highs on Thursday and settled moderately higher. Escalation of the Ukraine-Russian war is pushing crude prices higher after Russia launched...

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Escalation of Ukraine-Russian Conflict Boosts Crude Prices

January WTI crude oil (CLF25 ) today is up +1.30 (+1.89%), and January RBOB gasoline (RBF25 ) is up +0.0090 (+0.46%). Crude oil and gasoline prices today climbed to 1-1/2 week highs and are moderately higher. Escalation of the Ukraine-Russian war is pushing crude prices higher after Ukraine said Russia...

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Crude Gives Up Early Gains as Weekly EIA Inventories Unexpectedly Increase

December WTI crude oil (CLZ24 ) Wednesday closed down -0.52 (-0.75%), and December RBOB gasoline (RBZ24 ) closed up +0.0081 (+0.40%). Crude oil and gasoline prices Wednesday settled mixed, with gasoline posting a 1-month high. Escalation of the Ukraine-Russian war is a bullish factor for crude prices after Ukraine fired...

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Crude Prices Underpinned as Ukraine-Russian War Escalates

December WTI crude oil (CLZ24 ) today is up +0.21 (+0.30%), and December RBOB gasoline (RBZ24 ) is up +0.0210 (+1.03%). Crude oil and gasoline today are moderately higher, with crude posting a 1-week high and gasoline posting a 1-month high. Escalation of the Ukraine-Russian war is boosting crude prices...

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Crude Oil Gains on Escalation of Ukraine-Russian War

December WTI crude oil (CLZ24 ) Tuesday closed up +0.23 (+0.33%), and December RBOB gasoline (RBZ24 ) closed up +0.0194 (+0.96%). Crude oil and gasoline prices Tuesday rallied to 1-week highs and closed moderately higher. Crude found support Tuesday from a weaker dollar and an escalation of the Ukraine-Russian war....

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Crude Erases Early Gains on Possible Easing of Middle East Hostilities

December WTI crude oil (CLZ24 ) today is down -0.33 (-0.48%), and December RBOB gasoline (RBZ24 ) is up +0.0087 (+0.43%). Crude oil and gasoline prices today are mixed, with gasoline posting a 1-week high. Crude oil fell back from a 1-week high today and turned lower after the International...

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Crude Rallies Sharply on Rising Geopolitical Tensions

December WTI crude oil (CLZ24 ) Monday closed up +2.14 (+3.19%), and December RBOB gasoline (RBZ24 ) closed up +0.0690 (+3.54%). Crude oil and gasoline prices Monday rallied sharply on mounting geopolitical tensions after the US gave Ukraine the green light to use long-range missiles inside Russia. Also, a weaker...

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Rising Geopolitical Tensions Boost Crude Prices

December WTI crude oil (CLZ24 ) today is up +1.93 (+2.88%), and December RBOB gasoline (RBZ24 ) is up +0.0610 (+3.13%). Crude oil and gasoline prices today are moving moderately higher. Mounting geopolitical tensions are pushing crude prices higher today after the US gave Ukraine the green light to use...

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Crude Prices Slide as China's Energy Demand Weakens

December WTI crude oil (CLZ24 ) Friday closed down -1.68 (-2.45%), and December RBOB gasoline (RBZ24 ) closed down -0.0324 (-1.63%). Crude oil and gasoline prices Friday posted moderate losses, with crude falling to a 2-week low. Signs of weak Chinese crude demand are weighing on oil prices. Also, Friday's...

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Crude Under Pressure from Dollar Strength and Weak Chinese Crude Demand

December WTI crude oil (CLZ24 ) today is down -0.20 (-0.29%), and December RBOB gasoline (RBZ24 ) is up +0.0076 (+0.38%). Crude oil and gasoline prices today are mixed. A stronger dollar today is negative for energy prices. Also, today's slump in equity markets curbs confidence in the economic outlook...

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Crude Settles Higher as EIA Gasoline and Distillate Inventories Fall

December WTI crude oil (CLZ24 ) Thursday closed up +0.27 (+0.39%), and December RBOB gasoline (RBZ24 ) closed up +0.0166 (+0.84%). Crude oil and gasoline prices on Thursday posted moderate gains after weekly EIA gasoline and distillate supplies unexpectedly declined, a sign of stronger fuel demand. Gains in crude were...

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Crude Gains as Weekly EIA Gasoline and Distillate Supplies Decline

December WTI crude oil (CLZ24 ) today is up +0.18 (+0.26%), and December RBOB gasoline (RBZ24 ) is up +0.0200 (+1.02%). Crude oil and gasoline prices today are moderately higher after weekly EIA gasoline and distillate supplies unexpectedly declined, a sign of stronger fuel demand. Gains in crude are limited...

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Crude Closes Higher on Signs of Cooperation Among Major OPEC+ Producers

December WTI crude oil (CLZ24 ) Wednesday closed up +0.31 (+0.46%), and December RBOB gasoline (RBZ24 ) closed up +0.0008 (+0.04%). Crude oil and gasoline prices recovered from 2-week lows and settled slightly higher on Wednesday. Short covering emerged in crude Wednesday after Russian President Putin and Saudi Crown Prince...

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Crude Rebounds on Comments of OPEC+ Cooperation

December WTI crude oil (CLZ24 ) today is up +0.35 (+0.51%), and December RBOB gasoline (RBZ24 ) is up +0.0006 (+0.03%). Crude oil and gasoline prices today recovered from 2-week lows and are slightly higher. Short covering emerged in crude today after Russian President Putin and Saudi Crown Prince Mohammed...

Barchart

Crude Recovers on Short Covering as US Crude Production Falls

December WTI crude oil (CLZ24 ) Tuesday closed up +0.08 (+0.12%), and December RBOB gasoline (RBZ24 ) closed up +0.0073 (+0.37%). Crude oil and gasoline prices Tuesday recovered from 1-1/2 week lows and closed slightly higher. Mild short-covering emerged in crude oil Tuesday after the Bureau of Safety and Environmental...

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Crude Oil Pressured by a Stronger Dollar and Global Energy Demand Concerns

December WTI crude oil (CLZ24 ) today is down -0.11 (-0.16%), and December RBOB gasoline (RBZ24 ) is up +0.0023 (+0.12%). Crude oil and gasoline prices today fell to 1-1/2 week lows and are mixed. Today's rally in the dollar index (DXY00 ) to a 4-1/4 month high weighs energy...

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Dollar Strength and Soft Chinese Energy Demand Undercuts Crude Prices

December WTI crude oil (CLZ24 ) Monday closed down -2.34 (-3.32%), and December RBOB gasoline (RBZ24 ) closed down -0.0555 (-2.76%). Crude oil and gasoline prices fell sharply on Monday, with crude posting a 1-1/2 week low and gasoline posting a 1-week low. Monday's rally in the dollar index (DXY00...

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Sugar Prices Pressured by Dollar Strength and Crude Weakness

March NY world sugar #11 (SBH25 ) Monday closed down -0.46 (-2.11%), and December London ICE white sugar #5 (SWZ24 ) closed down -4.80 (-0.86%). Sugar prices Monday fell to 1-3/4 month lows, pressured by dollar strength and weakness in crude oil. The dollar index (DXY00 ) Monday rallied to...

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Crude Tumbles on Dollar Strength and the Outlook for Weak Chinese Energy Demand

December WTI crude oil (CLZ24 ) today is down -2.27 (-3.23%), and December RBOB gasoline (RBZ24 ) is down -0.0432 (-2.15%). Crude oil and gasoline prices today are sharply lower, with crude falling to a 1-1/2 week low and gasoline dropping to a 1-week low. Today's rally in the dollar...

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Crude Closes Lower On China Energy Demand Woes

December WTI crude oil (CLZ24 ) Friday closed down -1.98 (-2.74%), and December RBOB gasoline (RBZ24 ) closed down -0.0411 (-2.00%). Crude oil and gasoline prices Friday were under pressure after Chinese stimulus measures were seen as underwhelming, which may keep Chinese economic growth and energy demand subdued. Also, Friday's...

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