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The Latest Breaking News from crude oil

Crude Rallies on Dollar Weakness and an Unexpected Decline in EIA Crude Inventories

July WTI crude oil (CLN23 ) this morning is up +1.07 (+1.49%), and July RBOB gasoline (RBN23 ) is up +5.95 (+2.32%). July Nymex natural gas (NGN23 ) is up +0.041 (+1.81%). Crude oil and gasoline prices this morning are moderately higher. A weaker dollar (DXY00 ) today is pushing...

Crude Prices Slip on Stronger Dollar and Weak Economic News

Crude Prices Slip on Stronger Dollar and Weak Economic News

July WTI crude oil (CLN23) on Tuesday closed down -0.41 (-0.57%), and July RBOB gasoline (RBN23) closed up +3.99 (+1.58%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Crude was also under pressure from concerns that a slowdown in the global economy...

Crude Prices Under Pressure from Global Energy Demand Concerns

Crude Prices Under Pressure from Global Energy Demand Concerns

July WTI crude oil (CLN23 ) this morning is down -0.23 (-0.32%), and July RBOB gasoline (RBN23 ) is up +3.75 (+1.49%). July Nymex natural gas (NGN23 ) is up +0.024 (+1.07%). Crude oil and gasoline prices this morning are mixed. A stronger dollar today is weighing on crude prices....

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No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

OPEC+ -- No Surprise as the Cartel Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Crude Prices Find Support as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) on Monday closed up +0.41 (+0.57%), and July RBOB gasoline (RBN23 ) closed up +2.37 (+0.95%). Crude oil and gasoline prices Monday posted moderate gains, with crude climbing to a 1-month high. Crude prices rallied Monday after Saudi Arabia said it would cut its...

Eye on oil: on oil prices and India

The softening in crude oil purchase prices has not percolated to the Indian consumer

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Crude Prices Jump as Saudi Arabia Cuts Crude Production

Crude Prices Jump as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) this morning is up +1.19 (+1.66%), and July RBOB gasoline (RBN23 ) is up +4.01 (+1.60%). July Nymex natural gas (NGN23 ) is up +0.121 (+5.57%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-month high. Crude prices...

Dow Jones Falls, Apple Hits High On 'Flex The Muscles Moment'; Oil Prices Rise On Saudi Cut

Dow Jones Falls, Apple Hits High On 'Flex The Muscles Moment'; Oil Prices Rise On Saudi Cut

The Dow Jones dipped with Apple set to unveil its mixed-reality headset. Oil prices popped on a surprise Saudi cut. Tesla is rising.

Investors Business Daily

Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway

Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway

A spokesperson for Egypt's Suez Canal says a tanker transporting crude oil broke down in the canal, briefly disrupting traffic in the global waterway

The Independent UK

Maltese oil tanker breaks down in Egypt’s Suez Canal

Maltese oil tanker breaks down in Egypt’s Suez Canal

A tanker transporting crude oil has broken down in a single-lane part of Egypt's Suez Canal, disrupting traffic in the global waterway.

India's import of Russian oil scales new high in May

India's import of Russian oil scales new high in May

India’s import of cheap Russian oil scaled another record and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the U.S., industry data showed. India took 1.96 million barrels a day from Russia, 15% more than the previous according to data from energy cargo tracker…

Canada facing rising threat from cyberattacks - defence minister

Canada facing rising threat from cyberattacks - defence minister

Canadian Defence Minister Anita Anand said on Saturday that the country's critical infrastructure was increasingly being targeted by cyberattacks, posing a significant threat to the economy of the world's fourth-largest crude oil producer.

Crude Closes Higher Ahead of Weekend OPEC+ Meeting

Crude Closes Higher Ahead of Weekend OPEC+ Meeting

July WTI crude oil (CLN23 ) on Friday closed up +1.64 (+2.34%), and July RBOB gasoline (RBN23 ) closed up +6.45 (+2.65%). Crude oil and gasoline prices Friday closed moderately higher. Crude prices rose Friday in hopes of stronger Chinese energy demand after Bloomberg reported the Chinese government is working...

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Crude Rallies Ahead of Weekend OPEC+ Meeting

July WTI crude oil (CLN23 ) this morning is up +1.22 (+1.74%), and July RBOB gasoline (RBN23 ) is up +3.57 (+1.479%). July Nymex natural gas (NGN23 ) is up +0.038 (+1.76%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing in hopes of stronger...

Crude Settles Higher on Dollar Weakness and Strong Economic Reports

July WTI crude oil (CLN23 ) on Thursday closed up +2.01 (+2.95%), and July RBOB gasoline (RBN23 ) closed down -0.76 (-0.31%). Crude oil and gasoline prices Thursday settled mixed. A decline in the dollar index Thursday to a 1-week low was bullish for energy prices. Also, the House passage...

Crude Rallies on Dollar Weakness and Strong Economic Data

July WTI crude oil (CLN23 ) this morning is up +2.59 (+3.80%), and July RBOB gasoline (RBN23 ) is up +2.85 (+1.17%). July Nymex natural gas (NGN23 ) is down -0.104 (-4.59%). Crude oil and gasoline prices this morning are sharply higher on strong economic data and a decline in...

Crude Prices Fall on Chinese Energy Demand Concerns

July WTI crude oil (CLN23) on Tuesday closed down -0.79 (-1.14%), and July RBOB gasoline (RBN23) is down -2.14 (-0.86%). July Nymex natural gas (NGN23) is down -0.015 (-0.64%). Crude oil and gasoline prices this morning extended Tuesday's losses, with crude posting a 3-1/2 week low and gasoline dropping to...

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Crude Prices Tumble on Global Demand Concerns

July WTI crude oil (CLN23 ) this morning is down -2.92 (-4.02%), and July RBOB gasoline (RBN23 ) is down -10.93 (-4.22%). July Nymex natural gas (NGN23 ) is down -0.124 (-5.13%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 2-week low and...

Drivers warned as petrol and diesel prices to rise in days as Government increases fuel tax

The increase comes despite the price of crude oil crashing on world markets in recent weeks and will add to the rapidly-rising cost of living.

Crude Closes Higher as Risk Assets Climb on Progress in Debt Ceiling Negotiations

July WTI crude oil (CLN23 ) on Friday closed up +0.84 (+1.17%), and July RBOB gasoline (RBN23 ) closed up +3.87 (+1.52%). Crude oil and gasoline prices Friday posted moderate gains. Signs that U.S. lawmakers are close to a deal to raise the debt ceiling sparked a rally in stocks...

Crude Rallies with Risk Assets on Signs of Progress in Debt Ceiling Negotiations

July WTI crude oil (CLN23 ) this morning is up +0.71 (+0.99%), and July RBOB gasoline (RBN23 ) is up +3.05 (+1.19%). June Nymex natural gas (NGM23 ) is down -0.083 (-3.60%). Crude oil and gasoline prices today are moderately higher. Signs that U.S. lawmakers are close to a deal...

Memorial Day Drivers Get a Break at the Pump

Fuel prices are cheaper at the pump compared to last year, according to GasBuddy.

Crude Prices Tumble as OPEC+ Expected to Maintain Crude Production Targets

July WTI crude oil (CLN23 ) on Thursday closed down -2.51 (-3.38%), and July RBOB gasoline (RBN23 ) closed down -6.74 (-2.57%). Crude oil and gasoline prices Thursday fell sharply. A rally in the dollar index Thursday to a 2-1/4 month high was bearish for energy prices. Also, the outlook...

Crude Prices Sink on Outlook for OPEC+ to Maintain Crude Production Targets

July WTI crude oil (CLN23 ) this morning is down -3.01 (-4.05%), and July RBOB gasoline (RBN23 ) is down -9.74 (-3.72%). June Nymex natural gas (NGM23 ) is down -0.059 (-2.46%). Crude oil and gasoline prices this morning are sharply lower. A rally in the dollar index today to...

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