The Latest Breaking News from EIA

Crude Rallies on Geopolitical Risks and Falling US Inventories

Sep WTI crude oil (CLU24 ) today is up +2.32 (+3.10%), and Sep RBOB gasoline (RBU24 ) is up +7.45 (+3.18%). Crude oil prices today are sharply higher. Today's decline in the dollar index (DXY00 ) to a 1-1/2 week low is bullish for energy prices. Crude is also climbing...

Barchart · Jul 31, 2024

Crude Prices Retreat on the Prospects of Weaker Chinese Energy Demand

Sep WTI crude oil (CLU24 ) on Tuesday closed down -1.08 (-1.42%), and Sep RBOB gasoline (RBU24 ) closed down -2.50 (-1.05%). Crude oil prices Tuesday extended Monday's slide, with crude posting a new 7-week low. Tuesday's rally in the dollar index (DXY00 ) to a 2-1/2 week high was...

Barchart · Jul 30, 2024

Crude Prices Pressured by Dollar Strength and Energy Demand Concerns in China

Sep WTI crude oil (CLU24 ) today is down -0.91 (-1.20%), and Sep RBOB gasoline (RBU24 ) is down -2.51 (-1.06%). Crude oil prices today extended Monday's slide, with crude posting a new 7-week low. Today's rally in the dollar index (DXY00 ) to a 2-1/2 week high is bearish...

Barchart · Jul 30, 2024

Crude Oil Prices Fall on Demand Concerns

Sep WTI crude oil (CLU24 ) today is down -1.29 (-1.65%), and Sep RBOB gasoline (RBU24 ) is down -0.0200 (-0.82%). Crude oil prices today are trading lower on this week's theme of weaker global economic growth and US political uncertainty. The markets are also worried on a longer-term basis...

Barchart · Jul 26, 2024

Nat-Gas Prices Extend Decline on Bearish EIA Report

Sep Nymex natural gas (NGU24 ) on Thursday closed down -0.086 (-3.99%). Sep nat-gas prices on Thursday extended the sharp 3-session sell-off and closed just mildly above the contract low posted on July 17. Meanwhile, Aug nat-gas prices are hovering just moderately above the 4-year low posted earlier this year...

Barchart · Jul 25, 2024

Crude Oil Prices See Support from Positive US GDP Report

Sep WTI crude oil (CLU24 ) today is up +0.06 (+0.06%), and Sep RBOB gasoline (RBU24 ) is down -0.0093 (-0.38%). Crude oil prices are seeing support from today mildly stronger-than-expected US Q2 GDP report of +2.8% versus expectations of +2.0%. Oil prices are also seeing carry-over support from Wednesday's...

Barchart · Jul 25, 2024

Nat-Gas Prices Continue to Fall Back Despite Hot US Weather

Sep Nymex natural gas (NGU24 ) on Wednesday closed down -0.066 (-2.97%), adding to Tuesday's decline of -2.71%. Sep nat-gas prices have now more then given back Monday's rally of +5.59%. Nat-gas prices on Wednesday continued to run into long liquidation pressure after Monday's rally. Nat-gas prices also fell on...

Barchart · Jul 24, 2024

Crude Oil Prices Rally on Bullish EIA Inventory Report and Russia's Promise of Additional Production Cuts

Sep WTI crude oil (CLU24 ) today is up +0.80 (+1.04%), and Sep RBOB gasoline (RBU24 ) is up +0.0384 (+1.62%). Crude oil and gasoline prices today are higher on a bullish weekly EIA report. The energy markets have been to shake off today's sharp sell-off in US stocks and...

Barchart · Jul 24, 2024

Bearish Short-Term Outlook for Oil Prices Despite Potential Supply Disruptions

Supply-demand dynamics, inventory fluctuations, and geopolitical tensions characterize the crude oil market landscape. Analysts at Morgan Stanley project the market to reach equilibrium by the fourth quarter of this year, potentially transitioning to a surplus by 2025. As traders await crucial US oil inventory data, the market is also reacting…

Barchart · Jul 23, 2024

Crude Posts Modest Losses on a Stronger Dollar and Weak Stocks

August WTI crude oil (CLQ24 ) on Thursday closed down -0.03 (-0.04%), and Aug RBOB gasoline (RBQ24 ) closed up +1.51 (+0.60%). Crude oil and gasoline prices Thursday gave up an early advance and settled mixed. A stronger dollar Thursday weighed on energy prices. Crude prices also turned lower Thursday...

Barchart · Jul 18, 2024