The Latest Breaking News from crude oil

The energy sector presents a strong prospect for substantial growth this year, driven by surging crude oil prices. Given this backdrop, it might be wise to add quality energy stocks TotalEnergies SE (TTE), PBF Energy (PBF), and Marathon Oil Corporation (MRO) to your watchlist this month. Read on….

October WTI crude oil (CLV23 ) Tuesday closed up +1.14 (+1.33%), and Oct RBOB gasoline (RBV23 ) closed down -1.06 (-0.41%). Crude oil and gasoline prices Tuesday settled mixed, with crude climbing to a 9-1/2 month high. The main bullish factor Tuesday was the announcement by Saudi Arabia and Russia...

October WTI crude oil (CLV23 ) this morning is up +2.18 (+2.55%), and Oct RBOB gasoline (RBV23 ) is up +5.96 (+2.33%). Crude oil prices this morning are rallying, with crude climbing to a 9-1/2 month high and gasoline posting a 1-week high. The main bullish factor today was the...

Forecasts by industry professionals indicate an upswing in oil prices due to increased demand and supply constraints. The rising price trends could significantly strengthen the energy sector in the near term. Therefore, entering September, fundamentally strong energy stocks BP p.l.c. (BP), Transportadora de Gas del Sur S.A. (TGS), and GeoPark…

The price of crude oil is the single biggest contributor to the retail price of gasoline.

October WTI crude oil (CLV23 ) Friday closed up +1.92 (+2.30%), and Oct RBOB gasoline (RBV23 ) closed up +2.53 (+0.99%). Crude oil prices Friday closed sharply higher, with crude rising to a 9-1/2 month nearest-futures high. Crude prices extended Thursday's sharp gains on a report that Russia has agreed...

October WTI crude oil (CLV23 ) this morning is up +1.36 (+1.63%), and Oct RBOB gasoline (RBV23 ) is up +3.00 (+1.17%). Crude oil prices this morning are moderately higher, with crude rising to a 9-1/2 month nearest-futures high. Crude prices extended Thursday's sharp gains on a report that Russia...

October WTI crude oil (CLV23 ) today is up +0.87 (+1.07%), and Oct RBOB gasoline (RBV23 ) is down -0.0094 (-0.37%). Crude oil prices are higher today after a report that Russia has agreed with OPEC+ on further output restrictions. Bloomberg News reported that Russia will announce next week that...

October WTI crude oil (CLV23 ) on Wednesday closed up +0.47 (+0.58%), and Oct RBOB gasoline (RBV23 ) closed up +1.06 (+0.41%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to a 2-week high. A slump in the dollar index (DXY00 ) Wednesday to a 2-week...

October WTI crude oil (CLV23 ) this morning is up +0.25 (+0.31%), and Oct RBOB gasoline (RBV23 ) is up +2.65 (+1.04%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to a 2-week high. A slump in the dollar index (DXY00 ) today to a...

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.