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The Latest Breaking News from crude oil

Predicting the direction of oil prices in the second half is challenging due to geopolitical tension and unclear consumer demand.

The Street

More than 100 injured and 17 firefighters missing as oil tank fire rages in Cuba

A blazing fire in a crude oil tank in the port of Matanzas in Cuba caused several explosions Saturday morning that have left at least 121 people injured, local authorities said.

Miami Herald

Dozens are injured and 17 firefighters are missing as crude oil tank fire rages in Cuba

A blazing fire in a crude oil tank in the port of Matanzas in Cuba caused several explosions Saturday morning that have left at least 77 people injured, local authorities said.

Miami Herald

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Lightning sets off fire at Cuban oil tank farm, dozens hurt

Cuban authorities say lightning struck a crude oil storage tank in the city of Matanzas, causing a fire that led to four explosions which injured nearly 80 people and left 17 firefighters missing

The Independent UK

Gasoline At (or Under) $2.99 a Gallon: Here's Where

Several states have seen gasoline prices drop to three bucks or lower as crude oil prices have continued to decline.

The Street

Honolulu utility finds chemical in Red Hill monitoring well

The Honolulu Board of Water Supply says it detected a small amount of a chemical naturally occurring in coal, crude oil and gasoline in a monitoring well near the Navy's Red Hill Bulk Fuel Storage Facility

The Independent UK

Stock Market Trades Mixed On Rising Jobless Claims; Oil & Gas Continue To Fall

Stock market trades mixed as investors are torn by rising jobless claims and falling oil prices. Energy stocks take it on the chin.

Investors Business Daily

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Gasoline Prices Could Fall to $2.99 Next Week

Crude oil prices declined on August 4 to their lowest prices since before Ukraine was invaded by Russia as the futures market indicated a possible recession that could dampen demand from consumers. The U.S. oil benchmark WTI fell below $90 a barrel for the first time since the invasion began…

The Street

Stock Market Narrowly Mixed; Oil Tanks; Strong Earnings Drive Big Moves

The Dow Jones Industrial Average slipped 0.2% in afternoon trading while the S&P 500 was down less than 0.1%.

Investors Business Daily

Stock Market Lower As Crude Oil Prices Fall Below $90

The Nasdaq composite climbed 0.4% thanks largely to strength in software and biotechs.

Investors Business Daily

5 Energy Stocks to Be Bullish on Right Now

The oil and gas industry has garnered massive investors’ attention due to the rising prices amid robust demand. Moreover, prices could remain elevated as the supply is expected to remain short. Hence, the energy stocks Diamondback Energy (FANG), Marathon Oil (MRO), ConocoPhillips (COP), Adams Resources & Energy(AE), and APA Corporation…

StockNews.com

Dow Jumps 350 Points; Crude Oil Drops Over 2%

U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 350 points on Wednesday.

Benzinga

OPEC+ Agrees To Small Production Increase With Capacity Limited, Crude Oil Prices Off Highs

OPEC+ will meet Wednesday to discuss September production quotas. But spare capacity is scant while demand fears are weighing on crude oil prices.

Investors Business Daily

U.S. Stock Futures Down Ahead Of Earnings; Crude Oil Falls

Pre-open movers

Benzinga

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Investors Business Daily

Shale Oil Stocks Drop: EOG Resources Beats Earnings Views

Shale oil producer stocks dropped Monday. Devon Energy and Diamondback Energy beat earnings predictions after the close.

Benzinga

U.S. Stocks Turn Higher; Crude Oil Tumbles

U.S. stocks turned higher midway through trading, after recording gains in the previous session.

Asharq Al-Awsat

Food Prices in Yemen at All-Time High Since 1990

The World Food Program’s (WFP) Food Security Quarterly Review on Yemen has shown that the global Food and Agriculture Organization (FAO) food price index increased significantly in March 2022 to a new all-time high since 1990. It published a report stating that fertilizer prices reached their highest level since late…

Asharq Al-Awsat

Oil Drops as Weak China Factory Data Fan Demand Concerns

Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures were down $1.19, or 1.1%, at $102.78 a…

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Bangkok Post

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Al Jazeera

Biden could unlock new powers by declaring a ‘climate emergency’

Such a declaration would enable the US president to halt crude oil exports and spur investments in clean energy tech.

Investors Business Daily

Exxon Mobil, Chevron Stock Up On Record Profits, Earnings Beat

Exxon Mobil and Chevron will be reporting second-quarter earnings early Friday. Investors are watching for oil field inflation impact.

Benzinga

Talaris Therapeutics And 3 Other Stocks Under $5 Insiders Are Aggressively Buying

US crude oil futures traded higher by around 1% on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall…

Bangkok Post

Crude prices seen falling this week

Global crude oil prices are expected to be on the decline this week, falling to a range of US$98-100 per barrel as global demand for oil decreases amid the prospect of economic contraction, says Thai Oil Plc (TOP), Thailand's largest oil refinery by capacity.

Investors Business Daily

Natural Gas Stocks: EQT Stock Down After Narrow Earnings Beat, Announces Capital Spending Increase

As natural gas and crude oil prices begin to diverge, U.S. natural gas producers are readying to announce Q2 earnings.

Benzinga

Costco Wholesale And 3 Other Stocks Insiders Are Selling

U.S. crude oil futures trading lower this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

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