An Exxon gas station sign is seen on October 06, 2023 in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images Four years ago, Exxon Mobil’s reign as the longest serving component in the Dow Jones Industrial Average came to an abrupt end, when the oil major was replaced by Salesforce … Read more
An oil pumpjack is pictured in the Permian Basin in the Loco Hills region, New Mexico, on April 6, 2023. Liz Hampton | Reuters U.S. crude oil was little changed Thursday but is on pace for its worst month of the year and a second consecutive monthly loss. U.S. crude oil is down 3.2% in … Read more
The sun sets behind a pumpjack during a gusty night in Fort Stockton, Texas, March 24, 2024. Brandon Bell | Getty Images U.S. crude oil gained more than 1% on Tuesday after booking a loss last week as the market focuses on an upcoming key OPEC+ meeting. OPEC+ will hold a virtual meeting on Sunday … Read more
Drivers sit in traffic on southbound Interstate 5 during the afternoon commute heading into downtown San Diego on March 12, 2024 in San Diego, California. Kevin Carter | Getty Images The Biden administration’s move to sell 1 million barrels of gasoline from a reserve in the Northeast is unlikely to have a substantial effect on … Read more
A Shell gas station in Austin, Texas, on May 3, 2024. Brandon Bell | Getty Images Crude oil futures fell to three-month lows on Friday and are heading to a weekly loss as the summer driving season gets underway with the Memorial Day holiday. U.S. crude oil hit an intraday low of $76.15, the lowest … Read more
A pumpjack is shown outside the Midland-Odessa area in the Permian basin in Texas, July 17, 2018. Liz Hampton | Reuters Crude oil futures bounced back Thursday after a three-day decline but are still on pace for a weekly loss. U.S. crude oil is down 2.4% for the week while Brent, the global benchmark, has … Read more
An oil pumpjack is pictured in the Permian Basin in the Loco Hills regions, New Mexico, on April 6, 2023. Liz Hampton | Reuters Crude oil futures fell for a third session Wednesday, extending this week’s losing streak as prices soften ahead of a crucial OPEC meeting in June. U.S. crude oil and global benchmark … Read more
US President Joe Biden delivers remarks on efforts to lower high gas prices in the South Court Auditorium at Eisenhower Executive Office Building June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty Images The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices … Read more
A Shell gas station on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images Crude oil futures fell more than 1% on Tuesday in the absence of major market catalysts to support prices. U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April … Read more
Iranian President Ebrahim Raisi looks on during a TV interview, in Tehran, Iran May 7, 2024. Iran’s Presidency | WANA | Via Reuters Crude oil futures were little changed Monday after Iran’s president and foreign minister died in a helicopter crash. President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran’s … Read more
