The Latest Breaking News from crude oil

Why the Recent Sell-Off in Commodities is a Golden Buying Opportunity

High interest rates typically weigh on commodity prices as they increase the cost of carrying raw material inventories and increase production expenses. However, nothing is ordinary about the current historical period, which could mean commodity prices can rise even if rates remain stable or move slightly higher.

Barchart · Aug 30, 2023

Crude Rallies on Dollar Weakness and China Stimulus

October WTI crude oil (CLV23 ) on Tuesday closed up +1.06 (+1.32%), and Oct RBOB gasoline (RBV23 ) closed down -1.04 (-0.41%). Crude oil and gasoline prices on Tuesday settled mixed, with crude climbing to a 1-week high. A weaker dollar Tuesday was supportive of energy prices. Also, actions by...

Barchart · Aug 29, 2023

Crude Gains on a Weak Dollar and China Stimulus

October WTI crude oil (CLV23 ) this morning is up +0.20 (+0.27%), and Oct RBOB gasoline (RBV23 ) is down -1.25 (-0.49%). Crude oil and gasoline prices this morning are mixed. A weaker dollar today is supportive of energy prices. Also, actions by China to restore confidence in its economy...

Barchart · Aug 29, 2023

Crude Gains on Energy Demand Optimism

October WTI crude oil (CLV23 ) this morning is up +0.38 (+0.48%), and Oct RBOB gasoline (RBV23 ) is down -0.39 (-0.15%). Crude oil and gasoline prices this morning are mixed. Crude garnered support today on comments from Fed Chair Powell, who signaled the Fed may pause rate hikes when...

Barchart · Aug 25, 2023

Crude Closes Slightly Higher on Strength in U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +0.16 (+0.20%), and Oct RBOB gasoline (RBV23 ) closed up +2.15 (+0.84%). Crude oil and gasoline prices Thursday closed moderately higher. Stronger-than-expected U.S. economic news Thursday signals strength in the economy that is bullish for energy demand and crude prices....

Barchart · Aug 24, 2023

Crude Edges Lower on Dollar Strength and Energy Demand Concerns

October WTI crude oil (CLV23 ) this morning is down -0.23 (-0.29%), and Oct RBOB gasoline (RBV23 ) is up +0.64 (+0.25%). Crude oil and gasoline prices this morning are mixed, with crude falling to a 1-month low. A stronger dollar today is weighing on energy prices. Also, weakness in...

Barchart · Aug 24, 2023

Crude Prices Close Lower on Energy Demand Concerns

October WTI crude oil (CLV23 ) on Wednesday closed down -0.75 (-0.94%), and Oct RBOB gasoline (RBV23 ) closed down -1.30 (-0.51%). Crude oil and gasoline prices Wednesday retreated, with crude falling to a 4-week low and gasoline dropping to a 3-week low. Weaker-than-expected economic news Wednesday from the U.S....

Barchart · Aug 23, 2023

Crude Prices Fall on Global Energy Demand Concerns

October WTI crude oil (CLV23 ) this morning is down -0.55 (-0.69%), and Oct RBOB gasoline (RBV23 ) is down -2.56 (-1.00%). Crude oil and gasoline prices this morning are moderately lower, with crude falling to a 4-week low and gasoline dropping to a 3-week low. Weaker-than-expected economic news today...

Barchart · Aug 23, 2023

Crude Closes Lower on Increased Iranian Crude Exports

September WTI crude oil (CLU23 ) on Tuesday closed down -0.37 (-0.46%), and Sep RBOB gasoline (RBU23 ) closed up +1.65 (+0.60%). Crude oil and gasoline prices Tuesday settled mixed. Bearish factors included a stronger dollar and an increase in Iranian crude exports. In addition, weakness in China's economy, the...

Barchart · Aug 22, 2023

Crude Slightly Lower on Increase in Iranian Exports

September WTI crude oil (CLU23 ) this morning is down -0.18 (-0.22%), and Sep RBOB gasoline (RBU23 ) is up +1.57 (+0.57%). Crude oil and gasoline prices this morning are mixed. Bearish factors include a stronger dollar and an increase in Iranian crude exports. In addition, weakness in China's economy,...

Barchart · Aug 22, 2023