The Latest Breaking News from EIA

Economic Concerns Undercut Crude Prices

July WTI crude oil (CLN24 ) Thursday closed down -1.32 (-1.67%), and July RBOB gasoline (RBN24 ) closed down -5.64 (-2.29%). Crude oil and gasoline prices Thursday closed moderately lower. Concern that interest rates will stay higher for longer sparked risk-off sentiment in financial assets on Thursday and undercut crude...

Barchart · May 30, 2024

Nat-Gas Prices Retreat as Weekly EIA Inventories Climb More Than Expected

July Nymex natural gas (NGN24 ) on Thursday closed down -0.094 (-3.53%). July nat-gas prices Thursday dropped to a 2-week low and closed moderately lower after weekly nat-gas inventories rose more than expected. The EIA reported Thursday that nat-gas inventories for the week ended May 24 rose +84 bcf, above...

Barchart · May 30, 2024

Crude Prices Weighed Down by Energy Demand Concerns

July WTI crude oil (CLN24 ) today is down -0.80 (-1.01%), and July RBOB gasoline (RBN24 ) is down -3.53 (-1.44%). Crude oil and gasoline prices today are moderately lower. Concern that interest rates will stay higher for longer have sparked risk-off sentiment in financial assets and are undercutting crude...

Barchart · May 30, 2024

Nat-Gas Prices Slump on Fund Liquidation

June Nymex natural gas (NGM24 ) on Thursday closed down -0.185 (-6.51%). June nat-gas prices Thursday fell back from a 4-1/4 month nearest-futures high and closed sharply lower. Nat-gas prices on Thursday initially moved higher after the weekly EIA nat-gas inventories rose +78 bcf, below expectations of +85 bcf. However,...

Barchart · May 23, 2024

Crude Prices Pressured by a Stronger Dollar and Elevated Cushing Inventories

July WTI crude oil (CLN24 ) today is down -0.41 (-0.53%), and July RBOB gasoline (RBN24 ) is up -0.05 (-0.02%). Crude oil and gasoline prices today are under pressure and fell to new 1-week lows. Today's rally in the dollar index (DXY00 ) to a 1-week high is undercutting...

Barchart · May 23, 2024

Nat-Gas Prices Soar on Hot US Temps and Expectations for a Smaller Inventory Build

June Nymex natural gas (NGM24 ) on Wednesday closed up +0.171 (+6.40%). June nat-gas prices Wednesday rallied to a new 4-month nearest-futures high and closed sharply higher. Nat-gas prices surged Wednesday on forecasts for hot temperatures later this week in Texas, the US Midwest, and the Northeast, which will boost...

Barchart · May 22, 2024

Crude Prices End Lower on Dollar Strength and a Build in EIA Crude Inventories

July WTI crude oil (CLN24 ) Wednesday closed down -1.09 (-1.39%), and July RBOB gasoline (RBN24 ) closed down -3.95 (-1.58%). Crude oil and gasoline prices Wednesday fell to 1-week lows and closed moderately lower. Wednesday's rally in the dollar index (DXY00 ) to a 1-week high was negative for...

Barchart · May 22, 2024

Nat-Gas Prices Soar on Hot US Temps and Expectations of a Smaller Inventory Build

June Nymex natural gas (NGM24 ) on Wednesday closed up +0.171 (+6.40%). June nat-gas prices Wednesday rallied to a new 4-month nearest-futures high and closed sharply higher. Nat-gas prices surged Wednesday on forecasts for hot temperatures later this week in Texas, the US Midwest, and the Northeast, which will boost...

Barchart · May 22, 2024

Crude Prices Fall as Weekly EIA Inventories Unexpectedly Climb

July WTI crude oil (CLN24 ) today is down -0.40 (-0.51%), and July RBOB gasoline (RBN24 ) is down -1.40 (-0.56%). Crude oil and gasoline prices today fell to 1-week lows and are moderately lower. Today's rally in the dollar index (DXY00 ) to a 1-week high is negative for...

Barchart · May 22, 2024

Crude Closes Lower on Dollar Strength and Energy Demand Concerns

June WTI crude oil (CLM24 ) on Tuesday closed down -0.54 (-0.68%), and June RBOB gasoline (RBM24 ) closed down -2.99 (-1.18%). Crude oil and gasoline prices posted moderate losses on Tuesday for a second day. A stronger dollar on Tuesday was bearish for energy prices. Also, Fed comments Tuesday...

Barchart · May 21, 2024