The Latest Breaking News from crude oil

May WTI crude oil (CLK23 ) on Monday closed up +4.75 (+6.28%), and May RBOB gasoline (RBJ23 ) closed up +7.65 (+2.85%). Crude oil and gasoline prices Monday rallied sharply, with crude posting a 2-1/4 month high and gasoline posting a 5-1/4 month high. The main bullish factor was the...

May NY world sugar #11 (SBK23 ) on Monday closed up +0.15 (+0.67%), and May London white sugar #5 (SWK23 ) closed up +3.10 (+0.49%). Sugar prices Monday posted moderate gains, with NY sugar climbing to a 6-1/2 year nearest-futures high and London sugar climbing to a 10-1/2 year high...

Brent crude oil is trading close to $85 a barrel, jumping by almost 6 per cent.

May WTI crude oil (CLK23 ) this morning is up +4.71 (+6.22%), and May RBOB gasoline (RBJ23 ) is up +8.93(+3.33%). May Nymex natural gas (NGK23 ) is down -0.122 (-5.51%). Crude oil and gasoline prices this morning are sharply higher, with crude posting a 2-1/4 month high and gasoline...

In 2022, the U.S. sold an unprecedented level of its Strategic Petroleum Reserve, sending the SPY to the lowest level since December 1983. The sales weighed on crude oil but appeared to have set a floor under the energy commodity that continues to power the world.

The 48th Meeting of OPEC’s Joint Ministerial Monitoring Committee (JMMC) was held via videoconference on Monday. The Committee reviewed the crude oil production data for January and February 2023 and noted the overall conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC).

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

Americans are focusing more on railroad safety after two recent fiery derailments in Ohio last month and in Minnesota this week

May WTI crude oil (CLK23 ) on Friday closed up +1.30 (+1.75%), and May RBOB gasoline (RBJ23 ) closed up +4.32 (+1.64%). Crude oil and gasoline prices Friday posted moderate gains, with crude climbing to a 2-1/2 week high. Tighter global crude supplies are underpinning prices as 400,000 bpd of...

May WTI crude oil (CLK23 ) this morning is up +0.79 (+1.06%), and May RBOB gasoline (RBJ23 ) is up +3.74 (+1.42%). May Nymex natural gas (NGK23 ) is up +0.100 (+4.75%). Crude oil and gasoline prices this morning are moderately higher. Crude prices have support on reduced global oil...

May WTI crude oil (CLK23 ) on Thursday closed up +1.40 (+1.92%), and May RBOB gasoline (RBJ23 ) closed up +0.05 (+0.02%). Crude oil and gasoline prices Thursday posted moderate gains. Dollar weakness Thursday supported energy prices. Also, Thursday's rally in the S&P 500 to a 3-1/2 week high bolsters...