Biden to release 1 million barrels of gas to reduce prices at the pump

Biden to release 1 million barrels of gas to reduce prices at the pump

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

WTI falls 1% but remains rangebound

WTI falls 1% but remains rangebound

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

WTI little changed after Iran president dies

WTI little changed after Iran president dies

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

The best and the worst sectors in the stock market during this recording-setting week

The best and the worst sectors in the stock market during this recording-setting week

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. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market wrap: It’s day two of … Read more

WTI holds firm as stocks fall, inflation eases

WTI holds firm as stocks fall, inflation eases

The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas.  Brandon Bell | Getty Images Oil prices held firm Thursday as stockpiles in the U.S. fell for a second week and inflation eased. U.S. crude stockpiles declined by 2.5 million barrels last week as refiners processed more … Read more

WTI at $78 as U.S. stockpiles fall

WTI at  as U.S. stockpiles fall

Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images U.S. crude oil held firm on Wednesday after domestic stockpiles declined more than expected. In the U.S., commercial crude oil inventories, which exclude the strategic petroleum reserve, fell by 2.5 million barrels last week, according to data released by the Energy … Read more

Oil prices fall more than 1% as market softens on rising inventories

Oil prices fall more than 1% as market softens on rising inventories

ENSCO-72 drilling rig working in Poole Bay for Corallian Energy in Poole Bay, England, on Feb. 15, 2019. Finnbarr Webster | Getty Images News | Getty Images Crude oil futures fell more than 1% on Wednesday as the market softens on rising inventories, though prices could firm later this year as demand increases during the … Read more

WTI, Brent down as Gaza cease-fire uncertain

WTI, Brent down as Gaza cease-fire uncertain

Hundreds of Palestinians, including women and children living in east part of Rafah, migrate to the west part of the Khan Yunis with their few belongings loaded on vehicles following the Israel’s announcement on the evacuation of neighborhoods, in Khan Yunis, Gaza on May 6, 2024.  Ashraf Amra | Anadolu | Getty Images Crude oil … Read more

Exxon says Chevron feud over Hess Guyana assets could drag into 2025

Exxon says Chevron feud over Hess Guyana assets could drag into 2025

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024.  F. Carter Smith | Bloomberg | Getty Images Exxon CEO Darren Woods said Monday that the dispute with Chevron over Hess Corporation‘s oil assets in Guyana … Read more

Brent, WTI gain after last week’s losses

Brent, WTI gain after last week’s losses

Palestinians, including children, collect usable belongings in the heavily damaged buildings after Israeli attacks in Rafah, Gaza on February 12, 2024. Building targeted in the Israeli attacks and surrounding structures were damaged as Israel’s air, land and sea attacks continue on the Gaza Strip. (Photo by Jehad Alshrafi/Anadolu via Getty Images) Jehad Alshrafi | Anadolu … Read more