The Latest Breaking News from EIA

Nat-Gas Prices Tumble on Elevated US Storage Levels

August Nymex natural gas (NGQ24 ) on Thursday closed down by -0.061 (-2.62%). Aug nat-gas prices Thursday tumbled to an 8-week low on abundant US nat-gas supplies. Thursday's weekly report from the EIA showed nat-gas inventories rose +65 bcf, above expectations of +58 bcf, leaving gas supplies +18.7% above the...

Barchart · Jul 11, 2024

Crude Prices Supported by Dollar Weakness and Tighter US Supplies

August WTI crude oil (CLQ24 ) today is up +0.47 (+0.57%), and Aug RBOB gasoline (RBQ24 ) is up +1.79 (+0.72%). Crude oil and gasoline prices today are moderately higher. Today's slump in the dollar index to a 1-month low is bullish for energy prices. Crude also has carryover support...

Barchart · Jul 11, 2024

Crude Settles Higher as Weekly EIA Inventories Fall

August WTI crude oil (CLQ24 ) Wednesday closed up +0.69 (+0.85%), and Aug RBOB gasoline (RBQ24 ) closed down -2.40 (-0.95%). Crude oil and gasoline prices settled mixed on Wednesday. Crude prices Wednesday rebounded from a 1-1/2 week low and moved higher after weekly EIA crude inventories unexpectedly declined. Also,...

Barchart · Jul 10, 2024

Crude Gains on Dollar Weakness and Tight Supplies

August WTI crude oil (CLQ24 ) today is up +0.56 (+0.67%), and Aug RBOB gasoline (RBQ24 ) is up +1.72 (+0.66%). Crude oil and gasoline prices today are moderately higher, with crude climbing to a 2-1/2 month high and gasoline posting a 2-month high. Today's decline in the dollar index...

Barchart · Jul 5, 2024

Crude Rallies as the Dollar Weakens and EIA Inventories Plunge

August WTI crude oil (CLQ24 ) on Wednesday closed up +1.07 (+1.29%), and Aug RBOB gasoline (RBQ24 ) closed up +2.79 (+1.08%). Crude oil and gasoline prices Wednesday moved higher after the dollar index (DXY00 ) fell to a 3-week low. Crude added to its gains Wednesday after the weekly...

Barchart · Jul 3, 2024

Nat-Gas Prices Under Pressure as US Weather Forecasts Shift Cooler

August Nymex natural gas (NGQ24 ) on Wednesday closed down by -0.017 (-0.70%). Aug nat-gas prices Wednesday moved lower for the seventh consecutive session and posted a 7-week low. Nat-gas prices remain under pressure as weather forecasts have been trending cooler in the US, which will curb nat-gas demand from...

Barchart · Jul 3, 2024

Crude Erases Early Gains on US Economic Concerns

August WTI crude oil (CLQ24 ) today is down -0.14 (-0.17%), and Aug RBOB gasoline (RBQ24 ) is down -2.83 (-1.10%). Crude oil and gasoline prices today gave up an early advance and turned lower on US economic concerns after weekly continuing unemployment claims rose to a 2-1/2 year high,...

Barchart · Jul 3, 2024

Crude Prices Close Lower as Russian Crude Exports Rebound

August WTI crude oil (CLQ24 ) on Tuesday closed down -0.57 (-0.68%), and Aug RBOB gasoline (RBQ24 ) closed down -0.49 (-0.19%). Crude oil and gasoline prices closed moderately lower on Tuesday. Crude prices Tuesday retreated from a 2-1/2 month high and turned lower after Russian crude exports rebounded to...

Barchart · Jul 2, 2024

Nat-Gas Prices Retreat as US Temperatures Cool

August Nymex natural gas (NGQ24 ) on Tuesday closed down by -0.043 (-1.74%). Aug nat-gas prices Tuesday moved lower for the sixth consecutive session and posted a 7-week low. Nat-gas prices remain under pressure as US gas storage is +20.6% above the 5-year seasonal average, signaling robust supplies. Also, weather...

Barchart · Jul 2, 2024

Nat-Gas Prices Pressured by Forecasts for Cooler US Temps

August Nymex natural gas (NGQ24 ) on Thursday closed down by -0.060 (-2.19%). July nat-gas prices Thursday added to Wednesday's losses and posted a 3-week low. Nat-gas prices fell on the outlook for cooler US temperatures that will curb nat-gas demand from electricity providers to run air-conditioning. Forecaster Maxar Technologies...

Barchart · Jun 27, 2024