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The Latest Breaking News from crude oil

Sugar Closes Higher as Strength in Crude Oil Sparks Short Covering

March NY world sugar #11 (SBH25 ) Tuesday closed up +0.13 (+0.68%), and March London ICE white sugar #5 (SWH25 ) closed up +376 (+0.72%). Sugar prices Tuesday recovered from early losses and are settled moderately higher. Tuesday's rally in WTI crude oil (CLG25 ) to an 8-week high sparked...

Barchart

Strength in Crude Oil Sparks Short Covering in Sugar Futures

March NY world sugar #11 (SBH25 ) today is up +0.15 (+0.78%), and March London ICE white sugar #5 (SWH25 ) is up +4.70 (+0.93%). Sugar prices today recovered from early losses and are moderately higher. Today's rally in WTI crude oil (CLG25 ) to an 8-week high sparked short...

Barchart

Crude Moves Higher in Thin Holiday Trade

February WTI crude oil (CLG25 ) today is up +0.78 (+1.10%), and February RBOB gasoline (RBG25 ) is up +0.0107 (+0.54%). Crude oil and gasoline prices today are pushing higher, with crude posting an 8-week high. Crude has carryover support from last Friday when the weekly EIA report showed that...

Barchart

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Crude Settles Higher on Tighter US Supplies and a Surge in Nat-Gas Prices

February WTI crude oil (CLG25 ) Monday closed up +0.39 (+0.55%), and February RBOB gasoline (RBG25 ) closed up +0.0191 (+0.97%). Crude oil and gasoline prices posted moderate gains on Monday, with crude climbing to a 5-week high and gasoline climbing to a 2-week high. Crude has carryover support from...

Barchart

Crude Gains on Tighter US Inventories and Carryover Support From Nat-Gas

February WTI crude oil (CLG25 ) today is up +0.72 (+1.02%), and February RBOB gasoline (RBG25 ) is up +0.0289 (+1.47%). Crude oil and gasoline prices today are moderately higher, with crude posting a 5-week high and gasoline posting a 2-week high. Crude has carryover support from last Friday when...

Barchart

Crude Oil Rallies as Weekly EIA Inventories Fall

February WTI crude oil (CLG25 ) Friday closed up +0.98 (+1.41%), and February RBOB gasoline (RBG25 ) closed up +0.0139 (+0.71%). Crude oil and gasoline prices Friday rallied moderately, with crude posting a 1-week high. Crude found support Friday from a weaker dollar. Crude also has support on this week’s...

Barchart

Crude Prices Supported by Dollar Weakness Ahead of Weekly EIA Report

February WTI crude oil (CLG25 ) today is up +0.70 (+1.01%), and February RBOB gasoline (RBG25 ) is up +0.0102 (+0.52%). Crude oil and gasoline prices today are moderately higher due to a weaker dollar. Crude also has carryover support from Tuesday when the API reported that weekly US crude...

Barchart

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Crude Prices Close Lower on Soft US Labor Market News

February WTI crude oil (CLG25 ) Thursday closed down -0.48 (-0.68%), and February RBOB gasoline (RBG25 ) closed down -0.0119 (-0.60%). Crude oil and gasoline prices Thursday gave up an early advance and closed moderately lower. Crude prices retreated after Thursday's report on weekly US jobless claims showed US continuing...

Barchart

Crude Prices Slightly Higher on Dollar Weakness and a Decline in API Stockpiles

February WTI crude oil (CLG25 ) today is up +0.05 (+0.07%), and February RBOB gasoline (RBG25 ) is down -0.0068 (-0.35%). Crude oil and gasoline prices today are mixed. A weaker dollar today is supportive of energy prices. Crude also garnered some support today after the API reported late Tuesday...

Barchart

Crude Prices Rally on Hopes for Chinese Stimulus

February WTI crude oil (CLG25 ) is up +1.06 (+1.53%), and February RBOB gasoline (RBG25 ) is up +0.0335 (+1.72%). Crude oil prices today are trading higher on hopes for increased Chinese economic stimulus after Reuters reported that China may sell a record 3 trillion yuan ($411 billion) of special...

Barchart

Crude Prices Fall on Stronger US Dollar

January WTI crude oil (CLF25 ) today is down -0.67 (-0.95%), and January RBOB gasoline (RBF25 ) is down -0.0222 (-1.14%). Crude oil prices are trading lower today on a stronger dollar. In addition, oil prices were undercut by global political uncertainty after President-Elect Trump over the weekend threatened to...

Barchart

Gaza war victims take legal action against BP over oil supply to Israel

Palestinians accuse UK firm of breaching human rights laws by piping oil allegedly used by Israeli army

The Guardian - UK

Crude Prices Fall on US Government Shutdown Threat and US-EU Trade Concerns

January WTI crude oil (CLF25 ) is down -0.67 (-0.95%), and January RBOB gasoline (RBF25 ) is up +0.0158 (+0.82%). Crude oil prices are trading lower today due to concern about the possibility of an all-out US-EU trade war after incoming-President Trump today said he would slap tariffs on the...

Barchart

Crude Prices Fall on a Stronger Dollar

January WTI crude oil (CLF25 ) Thursday closed down -0.67 (-0.95%), and January RBOB gasoline (RBF25 ) closed down -0.0200 (-1.03%). Crude oil and gasoline prices settled moderately lower on Thursday, with gasoline falling to a 1-1/2 week low. Thursday's rally in the dollar index (DXY00) to a 2-year high...

Barchart

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Dollar Strength Weighs on Crude Oil Prices

January WTI crude oil (CLF25 ) today is down -0.50 (-0.71%), and January RBOB gasoline (RBF25 ) is down -0.0275 (-1.42%). Crude oil and gasoline prices today are under pressure, with gasoline falling to a 1-1/2 week low. Today's rally in the dollar index (DXY00) to a 2-year high is...

Top News

U.S. Relies On Canadian Oil Amid Tariff Threats

Learn about the U.S.'s reliance on Canadian oil, potential tariff threats, and inflation concerns in the energy sector.

The Independent UK

Tariff threats cast a shadow over US reliance on Canada for the majority of its oil imports

The U.S. increasingly relies on Canadian crude oil to meet domestic demand and that relationship faces potential strain amid tariff threats

Barchart

Crude Settles Higher as Kazakhstan Pledges to Limit Crude Output

January WTI crude oil (CLF25 ) Wednesday closed up +0.50 (+0.71%), and January RBOB gasoline (RBF25 ) closed down -0.0011 (-0.06%). Crude oil and gasoline prices settled mixed on Wednesday. Crude rose on the prospects of tighter global oil supplies after Kazakhstan pledged to comply with OPEC+ production quotas. Crude...

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Barchart

Crude Rises on the Prospects of Tighter Global Oil Supplies

January WTI crude oil (CLF25 ) today is up +1.14 (+1.63%), and January RBOB gasoline (RBF25 ) is up +0.0274 (+1.41%). Crude oil and gasoline prices today are sharply higher, based on the prospects of tighter global oil supplies, after Kazakhstan pledged to comply with OPEC+ production quotas. Crude prices...

Barchart

Crude Closes Lower on Energy Demand Concerns

January WTI crude oil (CLF25) Tuesday closed down -0.63 (-0.89%), and January RBOB gasoline (RBF25) closed down -0.0318 (-1.61%). Crude oil and gasoline prices were under pressure Tuesday, with gasoline falling to a 1-week low. Concerns about weak Chinese energy demand are weighing on crude prices. Also, Tuesday's slide in...

Barchart

Crude Declines on a Tepid Chinese Energy Demand Outlook

January WTI crude oil (CLF25 ) today is down -1.16 (-1.64%), and January RBOB gasoline (RBF25 ) is down -0.0366 (-1.85%). Crude oil and gasoline prices are posting moderate losses today, with gasoline falling to a 1-week low. Concerns about weak Chinese energy demand are pressuring crude prices. Also, today's...

Barchart

Crude Prices Fall on Lackluster Global Energy Demand

January WTI crude oil (CLF25 ) Monday closed down -0.58 (-0.81%), and January RBOB gasoline (RBF25 ) closed down -0.0261 (-1.30%). Crude oil and gasoline prices on Monday settled moderately lower. Lackluster Chinese economic news on Monday weighed on crude prices. Also, last month's weaker-than-expected U S and Eurozone manufacturing...

Barchart

Global Energy Demand Concerns Weigh on Crude Prices

January WTI crude oil (CLF25 ) today is down -0.75 (-1.05%), and January RBOB gasoline (RBF25 ) is down -0.0263 (-1.31%). Crude oil and gasoline prices today are moderately lower. Lackluster Chinese economic news today signals weak economic growth that is bearish for energy demand and crude prices. Also, last...

Barchart

Crude Gains on Supply Concerns as US May Sanction Russian and Iranian Crude

January WTI crude oil (CLF25 ) Friday closed up +1.27 (+1.81%), and January RBOB gasoline (RBF25 ) closed up +0.0133 (+0.67%). Crude oil and gasoline prices Friday rallied to 2-1/2 week highs and settled higher. The prospects for additional sanctions on Russian and Iranian crude supplies pushed oil prices higher...

Barchart

Crude Rises on Possible Sanctions on Russian and Iranian Crude

January WTI crude oil (CLF25 ) today is up +0.80 (+1.14%), and January RBOB gasoline (RBF25 ) is up +0.0112 (+0.56%). Crude oil and gasoline prices today are moderately higher and posted 2-1/2 week highs. The prospects for additional sanctions on Russian and Iranian crude supplies are pushing oil prices...

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