The Latest Breaking News from crude oil

Crude Prices Settle Lower on Chinese Energy Demand Concerns

September WTI crude oil (CLU23 ) on Tuesday closed down -1.52 (-1.84%), and Sep RBOB gasoline (RBU23 ) closed down -5.86 (-2.02%). Crude oil and gasoline prices Tuesday closed moderately lower. Crude prices were under pressure Tuesday on concerns about global oil demand after China reported weaker-than-expected industrial activity and...

Barchart · Aug 15, 2023

Consider This Energy Stock as Record Oil Demand Fuels Profits

Oil demand is on track to average 102.2 million barrels per day in 2023, the highest-ever annual level, and profits on processing a barrel of crude oil at a typical U.S. refinery has jumped by about 33% year to date. Here's one way for investors to cash in.

Barchart · Aug 15, 2023

Crude Prices Retreat on Chinese Energy Demand Concerns

September WTI crude oil (CLU23 ) this morning is down -1.76 (-2.139%), and Sep RBOB gasoline (RBU23 ) is down -2.75 (-0.95%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure today on concerns about global oil demand after China reported weaker-than-expected industrial activity...

Barchart · Aug 15, 2023

Crude Pushes Higher as the IEA Sees Record Global Crude Consumption

September WTI crude oil (CLU23 ) this morning is up +0.65 (+0.78%), and Sep RBOB gasoline (RBU23 ) is up +4.87 (+1.68%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing after today's monthly report from the International Energy Agency (IEA) said global oil demand...

Barchart · Aug 11, 2023

Crude Tumbles on Energy Demand Concerns and Dollar Strength

September WTI crude oil (CLU23 ) on Thursday closed down -1.58 (-1.87%), and Sep RBOB gasoline (RBU23 ) closed down -2.37 (-0.81%). Crude oil and gasoline prices Thursday gave up an early advance and closed moderately lower. Crude fell back from an 8-3/4 month high posted in overnight trade and...

Barchart · Aug 10, 2023

Crude Falls on Energy Demand Concerns

September WTI crude oil (CLU23 ) this morning is down -0.68 (-0.81%), and Sep RBOB gasoline (RBU23 ) is down -3.07 (-1.05%). Crude oil and gasoline prices this morning are moderately lower. Crude fell back from an 8-3/4 month high posted in overnight trade and moved lower as funds liquidated...

Barchart · Aug 10, 2023

What Makes the Energy Sector so Bullish?

One by one the major energy markets have completed long-term bullish reversal patterns, making Energies one of the more bullish sectors in the commodity complex.

Barchart · Aug 9, 2023

Crude Rallies on Concern about Disruptions to Russian Crude Exports

September WTI crude oil (CLU23 ) on Wednesday closed up +1.48 (+1.78%), and Sep RBOB gasoline (RBU23 ) closed up +8.33 (+2.93%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to an 8-3/4 month high and gasoline rising to a 2-week high. Oil prices rallied on...

Barchart · Aug 9, 2023

Sugar Prices Close Higher as Crude Oil Rallies

Oct NY world sugar #11 (SBV23 ) on Wednesday closed +0.26 (+1.11%), and Oct London white sugar #5 (SWV23 ) closed +7.60 (+1.12%). Sugar prices Wednesday closed moderately higher as strength in crude oil supported prices. WTI crude (CLU23 ) rallied to an 8-3/4 month high Wednesday, which benefits ethanol...

Barchart · Aug 9, 2023

Crude Prices Climb on Concern about Disruptions to Russian Crude Exports

September WTI crude oil (CLU23 ) this morning is up +1.02 (+1.23%), and Sep RBOB gasoline (RBU23 ) is up +6.70 (+2.35%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to an 8-3/4 month high. Oil prices are higher on concern that Russian crude oil...

Barchart · Aug 9, 2023