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The Latest Breaking News from crude oil

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...

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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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Will the Technical Support Hold in Crude Oil after the Election?

Crude oil prices have been falling, making lower highs, since this year’s April 2024 high. The U.S. election has changed the oil market’s dynamics.

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Crude Oil Tumbles on Disappointment About Chinese Stimulus Measures

December WTI crude oil (CLZ24) today is down -2.14 (-2.96%), and December RBOB gasoline (RBZ24) is down -0.0459 (-2.24%). Crude oil and gasoline prices today are under pressure after Chinese stimulus measures were seen as underwhelming, which may keep Chinese economic growth and energy demand subdued. Also, today's dollar strength...

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Crude Oil Moves Higher on Dollar Weakness and Energy Demand Optimism

December WTI crude oil (CLZ24 ) Thursday closed up +0.67 (+0.93%), and December RBOB gasoline (RBZ24 ) closed up +0.0182 (+0.89%). Crude oil and gasoline prices recovered from early losses on Thursday, climbed to 3-week highs, and settled moderately higher. Thursday’s weaker dollar boosted crude prices along with the rally...

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Crude Gains on Dollar Weakness and Strength in Stocks

December WTI crude oil (CLZ24 ) today is up +0.10 (+0.14%), and December RBOB gasoline (RBZ24 ) is up +0.0045 (+0.21%). Crude oil and gasoline prices today are slightly higher on a weaker dollar and the rally in the S&P 500 to a record high, which shows confidence in the...

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Crude Prices Slip on Dollar Strength and a Build in EIA Inventories

December WTI crude oil (CLZ24 ) Wednesday closed down -0.30 (-0.42%), and December RBOB gasoline (RBZ24 ) closed down -0.0092 (-0.45%). Crude oil and gasoline prices settled moderately lower on Wednesday. Crude prices Wednesday were under pressure from a stronger dollar after the dollar index (DXY00 ) surged to a...

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The Guardian - US

Guyana citizens to receive £370 each in payouts from ‘mind-boggling’ oil wealth

Country has been enjoying historic growth in economy, which has tripled since it started crude oil extraction in 2019

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Crude Recovers Early Losses on Speculation Trump's Policies Will Boost Energy Demand

December WTI crude oil (CLZ24) today is up +0.18 (+0.25%), and December RBOB gasoline (RBZ24) is up +0.0004 (+0.02%). Crude oil and gasoline prices today recovered from early losses and are slightly higher. Short covering emerged in crude today to push prices higher after the S&P 500 soared to a...

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Crude Prices Supported by Dollar Weakness and Tighter Global Supplies

December WTI crude oil (CLZ24 ) Tuesday closed up +0.52 (+0.73%), and December RBOB gasoline (RBZ24 ) closed up +0.0253 (+1.26%). Crude oil and gasoline prices on Tuesday extended Monday's rally and posted 3-week highs. Tuesday's slide in the dollar index (DXY00 ) to a 2-1/2 week low is bullish...

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Is Chinese Stimulus Igniting Coal Prices?

Climate change concerns have made coal the least popular fossil fuel. Meanwhile, coal prices have edged higher since mid-September 2024, with the Newcastle coal futures leading the way on the upside.

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Crude Pushes Higher on Dollar Weakness and Prospects of Tighter Global Supplies

December WTI crude oil (CLZ24 ) today is up +1.07 (+1.50%), and December RBOB gasoline (RBZ24 ) is up +0.0379 (+1.89%). Crude oil and gasoline prices today extended Monday's rally to 3-week highs. Today's slide in the dollar index (DXY00 ) to a 2-week low is bullish for energy prices....

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Crude Prices Jump as OPEC+ Delays Production Increases

December WTI crude oil (CLZ24 ) Monday closed up +1.98 (+2.85%), and December RBOB gasoline (RBZ24) closed up +0.0528 (+2.68%). Crude oil and gasoline prices rallied to 1-week highs on Monday and settled moderately higher. Monday's fall in the dollar index (DXY00 ) to a 2-week low was bullish for...

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Which Way Are Crude Oil Prices Going for the Remainder of 2024?

Crude oil prices have ground lower in a highly volatile way since peaking in April 2024. Contributing to this volatility are the upcoming election, the Israel/Iran conflict, and Opec + flip-flopping from increasing production to not. The recent rally of the US dollar has not helped oil prices find much…

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