The Latest Breaking News from EIA

Crude Oil Prices Rise on Some Short Covering

Oct WTI crude oil (CLV24 ) today is up +1.09 (+1.52%), and Oct RBOB gasoline (RBV24 ) is up +2.13 (+1.04%). Crude oil and gasoline prices today are moderately higher as technical indicators showed crude prices were near oversold levels after falling to a 2-week low Wednesday. Crude also has...

Barchart · Aug 22, 2024

Crude Tumbles on Energy Demand Concerns

Oct WTI crude oil (CLV24 ) Wednesday closed down -1.24 (-1.69%), and Oct RBOB gasoline (RBV24 ) closed down -3.22 (-1.55%). Crude oil and gasoline prices Wednesday gave up early gains and tumbled to 6-1/2 month lows. US energy demand concerns are undercutting crude prices after the US Bureau of...

Barchart · Aug 21, 2024

Nat-Gas Prices Weighed Down by a Mixed Weather Outlook

Sep Nymex natural gas (NGU24 ) on Wednesday closed down by -0.021 (-0.96%). Sep nat-gas prices Wednesday closed lower for a second day on a mixed weather outlook. NatGasWeather said Wednesday that forecasts have shifted hotter for most of the US from August 26-September 4, which should boost nat-gas demand...

Barchart · Aug 21, 2024

Nat-Gas Prices Push Higher on the Outlook for Hotter US Temps and Smaller Inventories

Sep Nymex natural gas (NGU24 ) on Wednesday closed up by +0.071 (+3.31%). Sep nat-gas prices on Wednesday rallied to a 3-week high on forecasts for hotter US weather that would boost nat-gas demand from electricity providers to run air conditioning. Forecaster Maxar Technologies said Wednesday that forecasts have shifted...

Barchart · Aug 14, 2024

Crude Prices Fall on an Unexpected Build in EIA Crude Inventories

Sep WTI crude oil (CLU24 ) today is down -0.95 (-1.21%), and Sep RBOB gasoline (RBU24 ) is down -2.90 (-1.22%). Crude oil and gasoline prices today gave up an early advance and turned lower after weekly EIA crude inventories unexpectedly increased. Crude prices today initially moved higher after the...

Barchart · Aug 14, 2024

Crude Prices Settle Lower as Iran Has Yet to Attack Israel

Sep WTI crude oil (CLU24 ) on Tuesday closed down -1.71 (-2.14%), and Sep RBOB gasoline (RBU24 ) closed down -6.84 (-2.80%). Crude oil and gasoline prices retreated on Tuesday as Iran has yet to attack Israel. Crude prices surged Monday to a 3-week high on fears of an imminent...

Barchart · Aug 13, 2024

Nat-Gas Posts Moderate Gains on Carryover Support From Thursday's EIA Report

Sep Nymex natural gas (NGU24 ) on Friday closed up by +0.016 (+0.75%). Sep nat-gas prices rose to a 2-week high on Friday and closed moderately higher on positive carryover from Thursday when the EIA reported a smaller-than-expected build in weekly nat-gas inventories. Nat-gas prices Friday also garnered some carryover...

Barchart · Aug 9, 2024

Nat-Gas Prices Climb as Weekly Inventories Rise Less Than Expected

Sep Nymex natural gas (NGU24 ) on Wednesday closed up by +0.015 (+0.71%). Sep nat-gas prices Thursday climbed to a 2-week high after weekly EIA nat-gas supplies rose less than expected. The EIA reported that nat-gas inventories rose +21 bcf, below expectations of +25 bcf and below the five-year average...

Barchart · Aug 8, 2024

Crude Prices Settle Higher as US Economic Concerns Ease

Sep WTI crude oil (CLU24 ) on Thursday closed up +0.96 (+1.28%), and Sep RBOB gasoline (RBU24 ) closed up +4.19 (+1.78%). Crude oil and gasoline prices posted moderate gains on Thursday. Crude oil prices rallied on reduced US recessionary fears after weekly jobless claims fell more than expected. Crude...

Barchart · Aug 8, 2024

Crude Prices Supported by Easing of US Economic Concerns and Tight Inventories

Sep WTI crude oil (CLU24) today is up +0.95 (+1.26%), and Sep RBOB gasoline (RBU24) is up +3.31 (+1.40%). Crude oil and gasoline prices today are moderately higher. An easing of US recessionary fears boosted crude prices today after weekly jobless claims fell more than expected. Crude prices also have...

Barchart · Aug 8, 2024