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The Latest Breaking News from crude oil

Crude Prices Slip on Dollar Strength and a Build in EIA Inventories

December WTI crude oil (CLZ24 ) Wednesday closed down -0.30 (-0.42%), and December RBOB gasoline (RBZ24 ) closed down -0.0092 (-0.45%). Crude oil and gasoline prices settled moderately lower on Wednesday. Crude prices Wednesday were under pressure from a stronger dollar after the dollar index (DXY00 ) surged to a...

Barchart

Guyana citizens to receive £370 each in payouts from ‘mind-boggling’ oil wealth

Country has been enjoying historic growth in economy, which has tripled since it started crude oil extraction in 2019

The Guardian - US

Crude Recovers Early Losses on Speculation Trump's Policies Will Boost Energy Demand

December WTI crude oil (CLZ24) today is up +0.18 (+0.25%), and December RBOB gasoline (RBZ24) is up +0.0004 (+0.02%). Crude oil and gasoline prices today recovered from early losses and are slightly higher. Short covering emerged in crude today to push prices higher after the S&P 500 soared to a...

Barchart

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Crude Prices Supported by Dollar Weakness and Tighter Global Supplies

December WTI crude oil (CLZ24 ) Tuesday closed up +0.52 (+0.73%), and December RBOB gasoline (RBZ24 ) closed up +0.0253 (+1.26%). Crude oil and gasoline prices on Tuesday extended Monday's rally and posted 3-week highs. Tuesday's slide in the dollar index (DXY00 ) to a 2-1/2 week low is bullish...

Barchart

Is Chinese Stimulus Igniting Coal Prices?

Climate change concerns have made coal the least popular fossil fuel. Meanwhile, coal prices have edged higher since mid-September 2024, with the Newcastle coal futures leading the way on the upside.

Barchart

Crude Pushes Higher on Dollar Weakness and Prospects of Tighter Global Supplies

December WTI crude oil (CLZ24 ) today is up +1.07 (+1.50%), and December RBOB gasoline (RBZ24 ) is up +0.0379 (+1.89%). Crude oil and gasoline prices today extended Monday's rally to 3-week highs. Today's slide in the dollar index (DXY00 ) to a 2-week low is bullish for energy prices....

Barchart

Crude Prices Jump as OPEC+ Delays Production Increases

December WTI crude oil (CLZ24 ) Monday closed up +1.98 (+2.85%), and December RBOB gasoline (RBZ24) closed up +0.0528 (+2.68%). Crude oil and gasoline prices rallied to 1-week highs on Monday and settled moderately higher. Monday's fall in the dollar index (DXY00 ) to a 2-week low was bullish for...

Barchart

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Which Way Are Crude Oil Prices Going for the Remainder of 2024?

Crude oil prices have ground lower in a highly volatile way since peaking in April 2024. Contributing to this volatility are the upcoming election, the Israel/Iran conflict, and Opec + flip-flopping from increasing production to not. The recent rally of the US dollar has not helped oil prices find much…

Barchart

Crude Rallies on Dollar Weakness and as OPEC+ Delays Output Hikes

December WTI crude oil (CLZ24 ) today is up +1.57 (+2.26%), and December RBOB gasoline (RBZ24 ) is up +0.0483 (+2.46%). Crude oil and gasoline prices today are moderately higher and climbed to 1-week highs. Today's slide in the dollar index (DXY00 ) to a 2-week low supports energy prices....

Barchart

Grain Market Watch: Can Wheat, Corn, and Soybean Prices Maintain Momentum?

The interview discusses the recent surge in grain prices, driven by increased demand from Mexico and China, as well as the uncertainty surrounding the US election and potential trade disruptions. Additionally, the rising demand for vegetable oils, particularly soybean oil, due to the growing renewable diesel market is highlighted. The…

Barchart

Crude Rallies on Report Iran to Attack Israel Through Iraqi Proxies

December WTI crude oil (CLZ24 ) today is up +0.95 (+1.37%), and December RBOB gasoline (RBZ24 ) is up +0.0169 (+0.86%). Crude oil and gasoline prices are climbing today on concern that hostilities in the Middle East may escalate and disrupt crude supplies. There was a report from Axios today...

Barchart

Mexican fuel flows to Cuba as the island faces blackouts and the loss of Russian and Venezuelan oil

Mexico has sent nearly half a million barrels of crude oil and diesel in just a span of days, oil shipment data shows

The Independent UK

Crude Settles Higher on Tighter US Supplies and Global Energy Demand Optimism

December WTI crude oil (CLZ24 ) Thursday closed up +0.65 (+0.95%), and December RBOB gasoline (RBZ24 ) closed up +0.0148 (+0.76%). Crude oil and gasoline prices Thursday settled moderately higher. Crude is supported by positive carryover from Wednesday after weekly EIA crude and gasoline inventories unexpectedly declined. Crude is also...

Barchart

Crude Climbs on Tighter US Supplies and Global Energy Demand Optimism

December WTI crude oil (CLZ24 ) today is up +1.07 (+1.56%), and December RBOB gasoline (RBZ24 ) is up +0.0245 (+1.25%). Crude oil and gasoline prices today are moderately higher. Crude is supported by positive carryover from Wednesday after weekly EIA crude and gasoline inventories unexpectedly declined. Crude is also...

Barchart

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Crude Rallies on Middle East Tensions and Tighter EIA Inventories

December WTI crude oil (CLZ24 ) Wednesday closed up +1.40 (+2.08%), and December RBOB gasoline (RBZ24 ) closed up +0.0411 (+2.14%). Dec crude oil prices Wednesday rallied on a weaker dollar. Also, lingering Middle East tensions are bullish for crude after Israel vowed to strike Iran "very hard" should it...

Barchart

Crude Oil Jumps on Middle East Tensions and an Unexpected Draw in EIA Inventories

December WTI crude oil (CLZ24 ) today is up +1.72 (+2.56%), and December RBOB gasoline (RBZ24 ) is up +0.0468 (+2.44%). Dec crude oil prices today are moderately higher. Dollar weakness today is supportive of energy prices. Also, lingering Middle East tensions are supporting crude after Israel vowed to strike...

Barchart

The Sadness of King Crude

Rounding out the latest look at the 3 Kings of Commodities, WTI Crude Oil takes center stage.

StockNews.com

3 Oil Stocks With High Upside as Global Demand Rebounds

The outlook for oil demand growth appears promising despite economic uncertainties and worldwide supply deficit. Amid this, investing in quality oil stocks Enterprise Products Partners (EPD), Marathon Oil (MRO), and Plains All American Pipeline (PAA) could be ideal as global demand rebounds. Read more.

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Barchart

Oil Prices Extend Monday's Plunge

December WTI crude oil (CLZ24 ) today is down -0.73%, and December RBOB gasoline (RBZ24 ) is down -0.96%. Dec crude oil prices today extended Monday's plunge of -6.13%, which was driven by the fact that Israel's weekend retaliatory strike was relatively limited and raised hopes that the direct attacks...

Barchart

Oil Prices Plunge after Israel Limits Its Retaliatory Strike on Iran

December WTI crude oil (CLZ24 ) on Monday closed down -4.40 (-6.13%), and December RBOB gasoline (RBZ24 ) closed down -0.0113 (-5.46%). Crude oil prices plunged on Monday after Israel over the weekend launched a limited retaliatory strike on Iran and did not strike any of Iran's oil facilities. Iran...

Barchart

Oil Prices Plunge after Israel's Limited Retaliatory Strike on Iran

December WTI crude oil (CLZ24 ) today is down -4.01 (-5.59%), and December RBOB gasoline (RBZ24 ) is down -0.1015 (-4.98%). Crude oil prices are sharply lower after Israel over the weekend launched only a limited retaliatory strike on Iran and did not strike any of Iran's oil facilities. Iran...

Barchart

Heightened Middle East Tensions Boost Crude Prices

December WTI crude oil (CLZ24 ) Friday closed up +1.59 (+2.27%), and December RBOB gasoline (RBZ24 ) closed up +0.0447 (+2.25%). Crude and gasoline prices settled moderately higher on Friday, with gasoline posting a 1-week high. Ramped-up Middle East tensions are boosting crude prices. Also, stronger-than-expected global economic news Friday...

Barchart

Crude Oil Pushes Higher on Energy Demand Optimism

December WTI crude oil (CLZ24 ) today is up +0.71 (+1.01%), and December RBOB gasoline (RBZ24 ) is up +0.0243 (+1.22%). Crude and gasoline prices today are moderately higher. Crude is finding support today from a weaker dollar. Also, today's stronger-than-expected global economic news is positive for energy demand and...

Barchart

Crude Prices Slide as Supply Concerns and Middle East Risks Ease

December WTI crude oil (CLZ24 ) Thursday closed down -0.58 (-0.82%), and December RBOB gasoline (RBZ24 ) closed down -0.0118 (-0.59%). Crude and gasoline prices Thursday gave up an early advance and settled moderately lower. Crude is under pressure on negative carryover from Wednesday when weekly EIA crude inventories rose...

Barchart

Crude Weakens on Ample Supplies and Hopes for Cease-Fire in the Middle East

December WTI crude oil (CLZ24 ) today is down -0.61 (-0.86%), and December RBOB gasoline (RBZ24 ) is down -0.0175 (-0.87%). Crude and gasoline prices today gave up an early advance and turned lower. Crude is under pressure on negative carryover from Wednesday when weekly EIA crude inventories rose more...

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