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The Latest Breaking News from crude oil

Crude Prices Tumble on Reports Saudi Arabia Seeks Additional Production Hikes

July WTI crude oil (CLN25 ) today is down -0.86 (-1.36%), and July RBOB gasoline (RBN25 ) is down -0.0465 (-2.24%). Crude oil prices today fell from a 2-week high and turned lower after weaker-than-expected US economic reports raised concern about energy demand. Losses in crude accelerated today after Bloomberg...

Barchart

Crude Prices Settle Higher on Energy Demand Optimism and Canadian Wildfires

July WTI crude oil (CLN25 ) Tuesday closed up +0.89 (+1.42%), and July RBOB gasoline (RBN25 ) closed up +0.0263 (+1.28%). Crude oil and gasoline prices on Tuesday added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth...

Barchart

Strength in Crude Oil Sparks Short Covering in Sugar Futures

July NY world sugar #11 (SBN25 ) Tuesday closed up +0.02 (+0.12%), and August London ICE white sugar #5 (SWQ25 ) closed up +2.80 (+0.59%). Sugar prices on Tuesday recovered from early losses and posted modest gains. Short covering emerged in sugar futures Tuesday to lift prices higher after WTI...

Barchart

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Crude Prices Gain on US Economic Strength and Ongoing Canadian Wildfires

July WTI crude oil (CLN25 ) today is up +1.19 (+1.90%), and July RBOB gasoline (RBN25 ) is up +0.0260 (+1.27%). Crude oil and gasoline prices today added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth prospects...

Barchart

Canada’s wildfires may impact gas prices: here’s how

Patrick De Haan, head of petroleum analysis at GasBuddy, told The Independent that if Canada’s oil production shutdown continues, “it could be a bit more problematic to [U.S.] refineries and it could be more impactful.”

The Independent UK

Crude Prices Finish Higher as the Dollar Slumps and Oversupply Concerns Ease

July WTI crude oil (CLN25 ) Monday closed up +1.73 (+2.85%), and July RBOB gasoline (RBN25 ) closed up +0.0374 (+1.86%). Crude oil and gasoline prices on Monday settled sharply higher, with crude posting a 1-1/2 week high. Monday's fall in the dollar index (DXY00 ) to a 1-1/4 month...

Barchart

Crude Rallies on Dollar Weakness and Easing Global Oversupply Concerns

July WTI crude oil (CLN25 ) today is up +1.73 (+2.86%), and July RBOB gasoline (RBN25 ) is up +0.0459 (+2.28%). Crude oil and gasoline prices today are sharply higher, with crude posting a 1-1/2 week high. Today's fall in the dollar index (DXY00 ) to a 1-1/4 month low...

Barchart

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Utah oil tycoon family accused of conspiring with Mexican cartel on Trump’s foreign terrorist list

Oil magnate James Jensen and his son Maxwell allegedly trafficked 2,900 shipments of stolen crude oil into the U.S.

The Independent UK

US-China Trade Tensions and Fears of a Big OPEC+ Production Hike Weigh on Crude

July WTI crude oil (CLN25 ) Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25 ) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,...

Barchart

Crude Prices Slip on Concern About a Large OPEC+ Crude Production Increase

July WTI crude oil (CLN25 ) today is down -0.55 (-0.90%), and July RBOB gasoline (RBN25 ) is down -0.0262 (-1.29%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength today is weighing on crude prices along with rising trade tensions between the US and China, the...

Barchart

Crude Prices Fall on Oversupply Concerns

July WTI crude oil (CLN25 ) Thursday closed down -0.90 (-1.46%), and July RBOB gasoline (RBN25 ) closed down -0.0260 (-1.26%). Crude oil and gasoline prices on Thursday gave up an early advance and retreated, with gasoline falling to a 3-week low. Crude prices were under pressure Thursday amid concerns...

Barchart

US supreme court sides with Utah railway project challenged by environmentalists

The 8-0 ruling overturns lower court’s decision that halted the project intended to transport crude oil

The Guardian - US

Concerns About Rising Global Oil Supplies Weigh on Crude Prices

July WTI crude oil (CLN25 ) today is down -0.58 (-0.94%), and July RBOB gasoline (RBN25 ) is down -0.0126 (-0.61%). Crude oil and gasoline prices today gave up an early advance and turned lower, with gasoline falling to a 3-week low. Crude prices retreated today amid concerns about a...

Barchart

Crude Prices Rally on Risks to Russian and Iranian Oil Supplies

July WTI crude oil (CLN25 ) Wednesday closed up +0.95 (+1.56%), and July RBOB gasoline (RBN25 ) closed up +0.0152 (+0.74%). Crude oil and gasoline prices rallied Wednesday on concern the US might ramp up sanctions on Russian crude exports since Russian President Putin refuses to agree to a ceasefire...

Barchart

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Crude Prices Climb on Possible Sanctions on Russian Oil and Middle East Tensions

July WTI crude oil (CLN25 ) today is up +1.02 (+1.68%), and July RBOB gasoline (RBN25 ) is up +0.0150 (+0.73%). Crude oil and gasoline prices today are climbing on concern the US might ramp up sanctions on Russian crude exports as Russian President Putin refuses to agree to a...

Barchart

Expectations for Higher OPEC+ Output Weigh on Crude Prices

July WTI crude oil (CLN25 ) Tuesday closed down -0.64 (-1.04%), and July RBOB gasoline (RBN25 ) closed down -0.0275 (-1.32%). Crude oil and gasoline prices on Tuesday settled sharply lower, with gasoline posting a 2-1/2 week low. Tuesday's stronger dollar weighed on energy prices. Crude prices were also under...

Barchart

Crude Prices Pressured by Expectations for OPEC+ to Boost Crude Production

July WTI crude oil (CLN25 ) today is down -0.91 (-1.48%), and July RBOB gasoline (RBN25 ) is down -0.0255 (-1.23%). Crude oil and gasoline prices today are sharply lower, with gasoline falling to a 2-1/2 week low. Today's stronger dollar is weighing on energy prices. Crude prices are also...

Latin Times

Utah Family Conspired With Jalisco Cartel in Cross-Border Fuel Scheme, Indictment Says

A Utah family has been arrested and indicted on federal charges in connection with a scheme to smuggle hundreds of millions of dollars in crude oil from Mexico into the United States

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Barchart

Crude Prices Edge Higher on Dollar Weakness and Decline in US Oil Rigs to 3-1/2 Year Low

July WTI crude oil (CLN25 ) Friday closed up +0.33 (+0.54%) and July RBOB gasoline (RBN25 ) closed down -0.0169 (-0.81%). Crude oil and gasoline prices on Friday settled mixed, with gasoline sliding to a 1-week low. Crude prices recovered from a 2-week low Friday and moved higher as the...

Barchart

Crude Prices Recover Early Losses as the Dollar Sinks

July WTI crude oil (CLN25 ) today is up +0.24 (+0.39%) and July RBOB gasoline (RBN25 ) is down -0.0072 (-0.34%). Crude oil and gasoline prices today are mixed, with gasoline sliding to a 1-week low. Crude prices recovered from a 2-week low today and moved higher as the dollar...

Barchart

Crude Prices Weighed Down by Fears of a Global Supply Glut

July WTI crude oil (CLN25 ) Thursday closed down -0.37 (-0.60%) and July RBOB gasoline (RBN25 ) closed down -0.0127 (-0.60%). Crude oil and gasoline prices on Thursday fell to 1-week lows and settled lower. Thursday's stronger dollar was bearish for energy prices. Also, concerns about a global supply glut...

Barchart

Crude Prices Decline as OPEC+ may Boost Production Again in July

July WTI crude oil (CLN25 ) today is down -0.71 (-1.15%) and July RBOB gasoline (RBN25 ) is down -0.0249 (-1.18%). Crude oil and gasoline prices today are moving lower and posted 1-week lows. Today's stronger dollar is bearish for energy prices. Also, concerns about a global supply glut of...

The Independent UK

Activists accuse major bank of suppressing protest over controversial African oil pipeline

The 11 activists, who are still detained in prison, are the latest arrests of protesters against the East African Crude Oil Pipeline

Barchart

Crude Prices Settle Lower as EIA Crude Inventories Rise to a 10-Month High

July WTI crude oil (CLN25 ) Wednesday closed down -0.46 (-0.74%) and July RBOB gasoline (RBN25 ) closed up +0.0003 (+0.01%). Crude oil prices on Wednesday fell from a 1-month high and turned lower after weekly EIA crude inventories unexpectedly rose to a 10-month high. Crude prices Wednesday initially spiked...

Barchart

Crude Prices Decline as Weekly EIA Inventories Unexpectedly Increase

July WTI crude oil (CLN25) today is down -0.28 (-0.45%) and July RBOB gasoline (RBN25) is down -0.0145 (-0.68%). Crude oil prices today fell from a 1-month high and turned lower after weekly EIA crude inventories unexpectedly rose to a 10-month high. Crude prices today initially spiked higher on escalating...

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