OPEC Plus Extends Oil Production Cuts Through 2025 OPEC extends oil production cuts, impacting global prices and U.S. consumers. Biden taps Strategic Petroleum Reserve amid concerns. U.S. oil production sta... Top News · Jun 4, 2024
BA to hire 350 staff at Heathrow to avoid summer chaos – as it happened Airline expects this summer to be its busiest since the pandemic and will hire people in customer services and ground handling The Guardian - UK · Jun 4, 2024
Asian Markets In Reverse As US Data Spark Economy Worries Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year. International Business Times · Jun 4, 2024
Crude Prices Fall Sharply on OPEC+ Plans to Restore Crude Production July WTI crude oil (CLN24 ) on Monday closed down -2.77 (-3.60%), and July RBOB gasoline (RBN24 ) closed down -8.18 (-3.39%). Crude oil and gasoline prices tumbled to 3-month lows on Monday. Crude prices retreated after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production... Barchart · Jun 3, 2024
Crude Prices Slump on OPEC+ Plans to Restore Crude Production July WTI crude oil (CLN24) today is down -2.69 (-3.49%), and July RBOB gasoline (RBN24 ) is down -6.98 (-2.89%). Crude oil and gasoline prices today fell sharply to 3-month lows. Crude prices are falling after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production in... Barchart · Jun 3, 2024
4 Oil Stocks Set to Dominate in June 2024 With solid energy demand, tight supplies aggravated by extended OPEC+ oil production cuts and geopolitical instability, and innovations in exploration and drilling technologies, the oil and gas industry is well-poised to experience robust expansion. Thus, it could be wise to invest in top oil stocks EOG Resources (EOG), Energy Transfer… StockNews.com · Jun 3, 2024
Financial sector leads Australian shares higher The ASX200 finished 0.8 per cent higher, with nine out of 11 sectors rising after a US inflation report came in cooler than expected. AAP · Jun 3, 2024
Oil alliance Opec+ extends crude production curbs into 2025 Ministers at Riyadh meeting agree daily limit of 2m barrels should be in place until end of next year The Guardian - UK · Jun 2, 2024
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
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
Senate Democrats Call For DOJ Action Against Oil Collusion Senate Democrats push for DOJ probe into alleged oil industry collusion and price-fixing, citing FTC findings and concerns over increased fuel costs. Repub... Top News · May 30, 2024
Crude Closes Lower on Dollar Strength and Weak Stocks July WTI crude oil (CLN24 ) Wednesday closed down -0.60 (-0.75%), and July RBOB gasoline (RBN24 ) closed down -4.19 (-1.67%). Crude oil and gasoline prices Wednesday gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar on Wednesday weighed on energy... Barchart · May 29, 2024
Crude Oil Slips Today on Dollar Strength and Weak Stocks July WTI crude oil (CLN24 ) today is down -0.26 (-0.33%), and July RBOB gasoline (RBN24 ) is down -3.43 (-1.37%). Crude oil and gasoline prices today gave up an early advance and turned lower, with crude falling from a 1-month high. A stronger dollar today is undercutting energy prices.... Barchart · May 29, 2024
Crude Prices Rally on Heightened Middle East Tensions July WTI crude oil (CLN24 ) on Tuesday closed up +2.11 (+2.71%), and July RBOB gasoline (RBN24 ) closed up +3.22 (+1.30%). Crude oil and gasoline prices Tuesday rallied, with crude climbing to a 1-week high. Oil prices rallied on geopolitical risks in the Middle East that could lead to... Barchart · May 28, 2024
Barchart · May 28, 2024 Dollar Weakness and Middle East Tensions Boost Crude Prices July WTI crude oil (CLN24 ) today is up +1.80 (+2.32%), and July RBOB gasoline (RBN24 ) is up +3.05 (+1.24%). Crude oil and gasoline prices today are sharply higher, with crude climbing to a 1-week high. Today's fall in the dollar to a 1-1/2 week low is bullish for...
International Business Times · May 28, 2024 Asian Markets Diverge, Dollar Weakens Ahead Of US Inflation Data Asian markets were mixed Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.
StockNews.com · May 27, 2024 3 High-Yield Energy Stocks for Smart Investors The energy sector is poised for robust growth driven by resilient global oil and natural gas demand, supply chain volatility amid geopolitical tensions and extended production cuts, and technological innovation. Hence, it could be wise to invest in high-yield energy stocks Chevron (CVX), TotalEnergies (TTE), and BP (BP) for steady…
International Business Times · May 27, 2024 Most Asian Markets Rise As Traders Eye US Inflation Most Asian markets rose Monday, tracking a bounce on Wall Street at the end of a painful week for investors, with eyes now on the upcoming release of key US inflation data.
Barchart · May 24, 2024 Crude Settles Higher on Expectations for OPEC+ to Maintain Production Cuts July WTI crude oil (CLN24 ) on Friday closed up +0.85 (+1.11%), and July RBOB gasoline (RBN24 ) closed up +1.31 (+0.53%). Crude oil and gasoline prices on Friday erased early declines and posted moderate gains. A weaker dollar Friday was bullish for energy prices. Also, Friday's better-than-expected US economic...
Barchart · May 24, 2024 Crude Pushes Higher on Dollar Weakness and US Energy Demand Optimism July WTI crude oil (CLN24 ) today is up +0.32 (+0.42%), and July RBOB gasoline (RBN24 ) is up +0.58 (+0.24%). Crude oil and gasoline prices today erased an early decline and are moderately higher. A weaker dollar today is bullish for energy prices. Also, today's better-than-expected US economic news...
Barchart · May 23, 2024 Crude Settles Lower on Dollar Strength and Elevated Cushing Inventories July WTI crude oil (CLN24 ) on Thursday closed down -0.70 (-0.90%), and July RBOB gasoline (RBN24 ) closed down -0.22 (-0.09%). Crude oil and gasoline prices Thursday were under pressure the entire session and fell to 1-week lows. Thursday's rally in the dollar index (DXY00 ) to a 1-week...
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...
StockNews.com · May 23, 2024 3 Energy Stock Buys Trading at Good Prices Expectations of demand recovery, the likelihood of OPEC and its allies extending oil supply cuts into the second quarter, and the anticipated easing of monetary policies this year boost the energy sector’s growth prospects. Therefore, quality energy stocks such as Inpex (IPXHY), Graham (GHM), and MV Oil (MVO) could be…
The Guardian - US · May 23, 2024 Corporations are forcing Americans to pay more for less – in their own words Companies in the oil, hotel, meat and other sectors are price-gouging the US public. They’re not hiding it, either
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...