The Latest Breaking News from EIA

Crude Recovers Early Losses as Weekly EIA Inventories Decline

June WTI crude oil (CLM24 ) this morning is up +0.45 (+0.57%), and June RBOB gasoline (RBM24 ) is down -2.33 (-0.92%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 2-month low. A stronger dollar today is negative for energy prices. Also, a rebound...

Barchart · May 8, 2024

3 Oil & Gas Stocks Poised for May Breakouts

The oil and gas industry looks poised for solid growth this year, as oil prices are expected to be driven by escalating geopolitical tensions, expectations of tightened supplies, and growing global demand. Given this backdrop, investors could consider buying quality oil and gas stocks such as Cheniere Energy Partners (CQP),…

StockNews.com · May 6, 2024

Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · May 3, 2024

Crude Finishes Sharply Lower on Gaza Cease-Fire Prospects and Robust EIA Inventories

June WTI crude oil (CLM24 ) on Wednesday closed down -2.93 (-3.58%), and June RBOB gasoline (RBM24 ) closed down -11.38 (-4.23%). Crude and gasoline prices Wednesday tumbled to 1-1/2 month lows and closed sharply lower. Crude prices are under pressure due to the potential for a cease-fire between Israel...

Barchart · May 1, 2024

Abundant US Supplies and a Mild Spring Undercuts Nat-Gas Prices

June Nymex natural gas (NGM24 ) on Wednesday closed down by -0.059 (-2.96%). June nat-gas prices closed moderately lower on Wednesday for a second session. Ample US supplies and mild spring temperatures are undercutting nat-gas prices. As of April 19, nat-gas inventories were +37.0% above their 5-year seasonal average. NatGasWeather...

Barchart · May 1, 2024

Crude Tumbles on Gaza Cease-Fire Prospects and a Surge in EIA Inventories

June WTI crude oil (CLM24 ) this morning is down -2.21 (-2.70%), and June RBOB gasoline (RBM24 ) is down -7.81 (-2.90%). Crude and gasoline prices today dropped to 1-1/2 month lows and are moderately lower. Crude prices are under pressure due to the potential for a cease-fire between Israel...

Barchart · May 1, 2024

Crude Prices End Lower as Cease-Fire Prospects in Gaza Improve

June WTI crude oil (CLM24 ) on Tuesday closed down -0.70 (-0.85%), and June RBOB gasoline (RBM24 ) closed down -3.97 (-1.45%). Crude and gasoline prices Tuesday posted moderate losses. A stronger dollar (DXY00 ) on Tuesday pressured energy prices. Also, an easing of Middle East tensions is weighing on...

Barchart · Apr 30, 2024

Nat-Gas Prices Fall as EIA Inventories Climb More Than Expected

May Nymex natural gas (NGK24 ) on Thursday closed down by -0.015 (-0.91%). May nat gas prices Thursday dropped to a 1-month nearest-futures low and closed moderately lower on a larger than expected build in weekly EIA nat-gas supplies. The EIA reported Thursday that nat-gas inventories for the week ended...

Barchart · Apr 25, 2024

Crude Prices Recover Early Losses as the Dollar Weakens

June WTI crude oil (CLM24 ) on Thursday closed up +0.76 (+0.92%), and May RBOB gasoline (RBK24 ) closed up +2.46 (+0.91%). Crude and gasoline prices recovered from early losses on Thursday and closed moderately higher. Short covering emerged in crude on Thursday when the dollar index fell to a...

Barchart · Apr 25, 2024

Energy Demand Concerns Weigh on Crude Prices

June WTI crude oil (CLM24 ) this morning is down -0.50 (-0.59%), and May RBOB gasoline (RBK24 ) is down -1.79 (-0.66%). Crude and gasoline prices this morning are moderately lower on energy demand concerns after US Q1 GDP growth rose less than expected. Losses in crude are limited after...

Barchart · Apr 25, 2024