The Latest Breaking News from EIA

Crude Prices Climb on Dollar Weakness and Strength in Stocks

August WTI crude oil (CLQ23 ) this morning is up +0.92 (+1.23%), and Aug RBOB gasoline (RBQ23 ) is up +2.67 (+1.02%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to a 3-1/4 month nearest-futures high and gasoline rising to a 3-week high. Today's selloff...

Barchart · Jul 12, 2023

Crude Oil Settles Higher on Chinese Economic Stimulus Reports

August WTI crude oil (CLQ23 ) on Tuesday closed up +1.84 (+2.52%), and Aug RBOB gasoline (RBQ23 ) closed up +5.31 (+2.07%). Crude oil and gasoline prices Tuesday rallied, with crude posting a 5-week high and gasoline posting a 2-week high. A slump in the dollar index Tuesday to a...

Barchart · Jul 11, 2023

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

Aug Nymex natural gas (NGQ23 ) on Friday closed -0.027 (-1.03%). Nat-gas prices Friday dropped to a 2-week low and closed moderately lower. A larger-than-expected build in weekly EIA gas stockpiles weighed on prices after the EIA reported nat-gas inventories rose +72 bcf last week, above expectations of +65 bcf....

Barchart · Jul 7, 2023

Nat-Gas Prices Under Pressure on the Outlook for Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Wednesday closed -0.052 (-1.92%). Nat-gas prices Wednesday closed moderately lower on the outlook for cooler U.S. temperatures, which will crimp nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said below-normal temperatures are expected in the upper Midwest and Great...

Barchart · Jul 5, 2023

Nat-Gas Prices See Support as Gas Rigs Drop

Aug Nymex natural gas (NGQ23 ) on Friday closed +0.097 (+3.59%) but remained below Monday's 3-1/4 month high. Nat-gas prices Friday saw support after news that the number of active U.S. gas rigs fell by -6 rigs to a new 1-1/4 year low of 124 rigs. Nat-gas prices continue to...

Barchart · Jun 30, 2023

Crude Oil Prices See Support as Saudi Arabia Expected to Extend its Production Cut

August WTI crude oil (CLQ23 ) is up +0.64 (+0.92%), and Aug RBOB gasoline (RBQ23 ) is up +0.0116 (+0.46%). Crude oil prices are seeing support from today's rally in stocks, which supports the outlook for the economy and energy demand. Crude oil is getting a boost today from the...

Barchart · Jun 30, 2023

Nat-Gas Prices See Boost From Smaller-Than-Expected EIA Inventory Build

Aug Nymex natural gas (NGQ23 ) on Thursday closed up +0.033 (+1.24%), reversing some of the overall -7.7% sell-off seen on Tuesday and Wednesday. Nat-gas prices on Thursday saw a boost from the +76 bcf increase in weekly EIA inventories, which was a smaller build than market expectations of +82...

Barchart · Jun 29, 2023

Crude Oil Prices See Support from Resilient U.S. Economy

August WTI crude oil (CLQ23 ) Thursday closed up +0.30 (+0.43%), and Aug RBOB gasoline (RBQ23 ) closed up +0.63 (+0.25%). Crude oil prices Thursday saw carry-over support from Wednesday's sharp -9.6 million bbl decline in EIA weekly crude oil inventories, which led to a +2.75% rally in Aug crude...

Barchart · Jun 29, 2023

Crude Oil Prices See Continued Support from EIA Drawdown

August WTI crude oil (CLQ23 ) today is unchanged, and Aug RBOB gasoline (RBQ23 ) is down -0.16%. Crude oil prices today are seeing carry-over support from Wednesday's sharp -9.6 million bbl decline in EIA weekly crude oil inventories, which led to a +2.75% rally in Aug crude oil prices...

Barchart · Jun 29, 2023

Crude Oil Prices Rally on Bullish EIA Report

August WTI crude oil (CLQ23 ) is up +1.57 (+2.32%), and Aug RBOB gasoline (RBQ23 ) is up +0.0593 (+2.45%). Crude oil prices today rallied on a bullish weekly EIA report. The EIA reported that U.S. crude oil inventories fell sharply by -9.603 million bbl in the week ended June...

Barchart · Jun 28, 2023