Smoke billows during Israeli bombardment on the village of Khiam in south Lebanon near the border with Israel on June 19, 2024 amid ongoing cross-border tensions as fighting continues between Israel and Hamas in the Gaza Strip. Rabih Daher | AFP | Getty Images U.S. crude oil on Friday traded near a two-month high and … Read more
Platform Ellen and Elly, offshore oil and gas platforms operated by Beta Operating Company LLC, off the coast of Long Beach, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty Images Crude oil futures held firm on Thursday as fears of war between Israel and the Iran-backed militia Hezbollah overshadowed soft … Read more
Crude oil futures rose Wednesday as investors wait for the latest U.S. inventory data for indications of how gasoline demand is holding up as summer. Oil prices pulled back Tuesday as the recent rally paused, but West Texas Intermediate and Brent are ahead 5.9% and 4.9% for the month as analysts expect summer fuel demand … Read more
Oil pumpjacks are seen along a section of Highway 33 known as the Petroleum Highway north of McKittrick in Kern County, California on September 28, 2022. Frederic J. Brown | Afp | Getty Images Crude oil futures fell Tuesday as the recent rally took a breather, with traders watching tensions on the Israel-Lebanon border and … Read more
Oil pumpjacks operate in Los Angeles, California, July 31, 2023. Mario Tama | Getty Images Crude oil futures kicked off the last week of June little changed but are on pace to post a gain for the month, as signs point to strengthening gasoline demand in the US. Oil prices pulled back Friday, snapping a … Read more
U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs. Oil prices traded flat Friday morning but are ahead more than 3.6% for the week. Gasoline consumption in the U.S. surged to 9.4 million barrels per day, or bpd, last week, the … Read more
U.S. crude oil held firm above $81 per barrel on Thursday, with the benchmark heading for its second weekly gain in a row. West Texas Intermediate has gained 4% this week, while global benchmark Brent is up 3.3%. JPMorgan forecasts Brent will hit $90 per barrel in September as the market tightens on falling inventories. … Read more
U.S. crude oil held above $80 per barrel on Tuesday, after starting the week with strong gains. West Texas Intermediate futures gained more than 2% on Monday, continuing a recent advance despite mixed economic data out of China, the world’s largest importer of crude oil. Here are today’s energy prices: West Texas Intermediate July contract: $80.29 … Read more
Crude oil futures rose Monday following their best week since April as traders sifted through mixed economic data out of China. U.S. crude oil and global benchmark Brent closed out last week nearly 4% higher, as analysts expect the market to tighten in the third quarter as summer fuel demand draws down inventories. Oil stockpiles … Read more
Crude oil futures rose for a fifth day Friday, on pace for the best week in more than two months as analysts see a tighter market heading into the third quarter. Oil prices are up more than 4.5% for the week, the strongest gains since early April, when futures rose on boiling geopolitical tensions in … Read more
