The Latest Breaking News from crude oil

June WTI crude oil (CLM23 ) on Monday closed up +0.89 (+1.14%), and June RBOB gasoline (RBM23 ) closed up +3.47 (+1.35%). Crude oil and gasoline prices Monday recovered from early losses and closed moderately higher. A fall in the dollar index to a 1-week low Monday was bullish for...

June WTI crude oil (CLM23 ) this morning is up +0.73 (+0.94%), and June RBOB gasoline (RBM23 ) is up +2.14 (+0.83%). May Nymex natural gas (NGK23 ) is up +0.014 (+0.63%). Crude oil and gasoline prices this morning recovered from early losses and are moderately higher. A fall in...

The U.S. SPR has dropped steadily and stood at the lowest level since October 1983 on April 14, 2023. The Biden administration authorized an unprecedented SPR release and sale following Russia’s invasion of Ukraine that drove crude oil prices to over $130 per barrel in March 2022, the highest price…

June WTI crude oil (CLM23 ) on Friday closed up +0.50 (+0.65%), and June RBOB gasoline (RBM23 ) closed up +1.53 (+0.60%). Crude oil and gasoline prices Friday closed moderately higher. Crude prices found support from Friday's news that U.S. Apr manufacturing activity unexpectedly expanded by the most in 6...

June WTI crude oil (CLM23 ) this morning is up +0.47 (+0.61%), and June RBOB gasoline (RBM23 ) is up +1.90 (+0.74%). May Nymex natural gas (NGK23 ) is down -0.038 (-1.69%). Crude oil and gasoline prices this morning are moderately higher. Crude prices found support from today's U.S. news...

May WTI crude oil (CLK23 ) on Thursday closed down -1.87 (-2.36%), and May RBOB gasoline (RBJ23 ) closed down -5.91 (-2.23%). Crude oil and gasoline prices Thursday sold off sharply, with crude posting a 2-1/2 week low and gasoline dropping to a 1-month low. Crude oil prices retreated on...

May WTI crude oil (CLK23 ) this morning is down -1.90 (-2.40%), and May RBOB gasoline (RBJ23 ) is down -7.11 (-2.69%). May Nymex natural gas (NGK23 ) is down -0.073 (-3.29%). Crude oil and gasoline prices this morning are retreating, with crude posting a 2-1/2 week low and gasoline...

Pakistan has become the latest Asian country to import Russia’s discounted crude oil, joining India and China which are importing heavily from Moscow following its invasion of Ukraine.

In a joint effort with the UN, Britain and the Netherlands will host a conference in two weeks aimed at raising an extra $29.4 million to salvage the deteriorating oil tanker known as FSO “Safer,” moored off the coast of Hodeidah governorate in Yemen. The derelict supertanker has been stranded…

Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country's petroleum minister said, with one cargo to dock at the port of Karachi in May.

May WTI crude oil (CLK23 ) on Wednesday closed down -1.70 (-2.10%), and May RBOB gasoline (RBJ23 ) closed down -10.54 (-3.83%). Crude oil and gasoline prices Wednesday retreated and posted 2-1/2 week lows. A stronger dollar Wednesday was bearish for energy prices. Also, uncertainty over energy demand weighed on...