An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images U.S. crude oil topped $84 per barrel on Tuesday to hit a two-month high as worries grow that a war between Israel and Hezbollah and an active hurricane season in … Read more
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S., April 21, 2020. Dronebase Dronebase | Reuters U.S. crude oil futures on Monday rose ahead of the Fourth of July holiday, after booking a 6% gain last month on the back of fears of a wider … Read more
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
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wild week: The stock market was little changed Friday, which masked the drama we saw in this holiday-shortened week of trading. Nvidia soared to all-time highs … 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
