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The Latest Breaking News from crude oil

Crude Prices Tumble as OPEC+ Expected to Maintain Crude Production Targets

July WTI crude oil (CLN23 ) on Thursday closed down -2.51 (-3.38%), and July RBOB gasoline (RBN23 ) closed down -6.74 (-2.57%). Crude oil and gasoline prices Thursday fell sharply. A rally in the dollar index Thursday to a 2-1/4 month high was bearish for energy prices. Also, the outlook...

Barchart

Crude Prices Sink on Outlook for OPEC+ to Maintain Crude Production Targets

July WTI crude oil (CLN23 ) this morning is down -3.01 (-4.05%), and July RBOB gasoline (RBN23 ) is down -9.74 (-3.72%). June Nymex natural gas (NGM23 ) is down -0.059 (-2.46%). Crude oil and gasoline prices this morning are sharply lower. A rally in the dollar index today to...

Barchart

India poised for world-beating growth, CEA Anantha Nageswaran says

NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry.

The Times of India

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Crude Posts Moderate Gains as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) on Wednesday closed up +1.43 (+1.96%), and July RBOB gasoline (RBN23 ) closed up +6.00 (+2.34%). Crude oil and gasoline prices posted moderate gains, with crude climbing to a 3-week high and gasoline climbing to a 5-week high. Crude prices opened higher Wednesday on...

Barchart

Crude Prices Jump as Weekly EIA Crude Inventories Unexpectedly Plunge

July WTI crude oil (CLN23 ) this morning is up +1.35 (+1.85%), and July RBOB gasoline (RBN23 ) is up +4.86 (+1.91%). June Nymex natural gas (NGM23 ) is up +0.056 (+2.41%). Crude oil and gasoline prices this morning are moving higher, with crude posting a 3-week high and gasoline...

Barchart

Crude Posts Moderate Gains on Comments from Saudi Energy Minister

July WTI crude oil (CLN23 ) on Tuesday closed up +0.86 (+1.19%), and July RBOB gasoline (RBN23 ) closed up +2.11 (+0.83%). Crude oil and gasoline prices Tuesday settled moderately higher, with crude posting a 1-1/2 week high and gasoline climbing to a 5-week high. Crude prices jumped Tuesday after...

Barchart

Crude Prices Jump after Saudi Energy Minister Warns of Pain to Short Sellers

July WTI crude oil (CLN23 ) this morning is up +1.17 (+1.62%), and July RBOB gasoline (RBN23 ) is up +4.02 (+1.58%). June Nymex natural gas (NGM23 ) is down -0.046 (-1.92%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-1/2 week high and...

Barchart

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Crude Settles Higher on Expectations for Stronger U.S Fuel Demand Memorial Day Weekend

June WTI crude oil (CLM23 ) on Monday closed up +0.44 (+0.61%), and June RBOB gasoline (RBM23 ) closed up +7.28 (+2.83%). Crude oil and gasoline prices Moday settled moderately higher, with gasoline climbing to a 3-1/2 week high. The outlook for stronger U.S. fuel demand this Memorial holiday weekend...

Barchart

Crude Gains on the Outlook for Stronger U.S Fuel Demand this Memorial Day

June WTI crude oil (CLM23 ) this morning is up +0.45 (+0.63%), and June RBOB gasoline (RBM23 ) is up +4.58 (+1.78%). June Nymex natural gas (NGM23 ) is down -0.194 (-7.50%). Crude oil and gasoline prices this morning are moderately higher on the outlook for stronger U.S. fuel demand...

Barchart

Dangote launches Africa's biggest oil refinery - 4 ways it will affect Nigeria

Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis. First product from the refinery is expected to hit the market by the end of July 2023.

The Conversation

Crude Prices Fall Back as They Follow Stock Prices Lower

June WTI crude oil (CLM23 ) on Friday closed down -0.31 (-0.43%), and June RBOB gasoline (RBM23 ) closed up +0.78 (+0.30%). Crude oil and gasoline prices Friday gave up an early advance and settled mixed. A risk-off sentiment weighed on crude prices Friday after stocks retreated from an early...

Barchart

Risk-Off Sentiment Weighs on Crude Prices as Stocks Turn Lower

June WTI crude oil (CLM23 ) this morning is down -0.67 (-0.93%), and June RBOB gasoline (RBM23 ) is down -0.29 (-0.11%). June Nymex natural gas (NGM23 ) is up +0.077 (+2.97%). Crude oil and gasoline prices this morning gave up an early advance and are moderately lower. A risk-off...

Barchart

Crude Prices Drop as the Dollar Rallies

June WTI crude oil (CLM23 ) on Thursday closed down -0.97 (-1.33%), and June RBOB gasoline (RBM23 ) closed down -0.09 (-0.04%). Crude oil and gasoline prices Thursday posted moderate losses. A rally in the dollar index (DXY00 ) Thursday to a 1-3/4 month high was bearish for energy prices....

Barchart

Dollar Strength Weighs on Crude Prices

June WTI crude oil (CLM23 ) this morning is down -0.88 (-1.21%), and June RBOB gasoline (RBM23 ) is up +0.20 (+0.08%). June Nymex natural gas (NGM23 ) is up +0.153 (+6.47%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 3-week high. A rally...

Barchart

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Crude Sharply Higher as Risk-On Sentiment Outweighs EIA Crude Inventory Build

June WTI crude oil (CLM23 ) on Wednesday closed up +1.97 (+2.78%), and June RBOB gasoline (RBM23 ) closed up +9.01 (+3.63%). June Nymex natural gas (NGM23) is down -0.024 (-1.01%). Crude oil and gasoline prices Wednesday rallied sharply, with gasoline climbing to a 2-week high. Wednesday's main bullish factor...

Barchart

Crude Rallies as Risk-On Sentiment Outweighs an Unexpected Build in EIA Inventories

June WTI crude oil (CLM23 ) this morning is up +1.45 (+2.05%), and June RBOB gasoline (RBM23 ) is up +6.69 (+2.70%). June Nymex natural gas (NGM23) is down -0.024 (-1.01%). Crude oil and gasoline prices this morning are moderately higher, with gasoline climbing to a 2-week high. Today's main...

Barchart

Crude Oil- Back in the U.S. Administration’s Buying Zone

In October 2022, the Biden administration told the crude oil market that the target range for replacing barrels sold from the U.S. Strategic Petroleum Reserve was $67 to $72 per barrel. The price is back at its buying level, and time will tell if the administration pulls the trigger to…

Barchart

Crude Closes Slightly Lower on Chinese Energy Demand Concerns

June WTI crude oil (CLM23 ) on Tuesday closed down -0.25 (-0.35%), and June RBOB gasoline (RBM23 ) closed up +0.71 (+0.29%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Also, weaker-than-expected Chinese economic news Tuesday suggested the Chinese economic recovery is...

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Bangkok Post

Sluggish economy tames local oil prices

Diesel prices dipped again on Monday to around 32 baht a litre as global crude oil prices are on a decline.

Barchart

Crude Slightly Lower on Dollar Strength and Concern About Chinese Energy Demand

June WTI crude oil (CLM23 ) this morning is down -0.22 (-0.31%), and June RBOB gasoline (RBM23 ) is down -0.20 (-0.08%). June Nymex natural gas (NGM23 ) is up +0.062 (+2.61%). Crude oil and gasoline prices this morning are slightly lower. A stronger dollar today is weighing on crude...

Barchart

Crude Posts Moderate Gains on the Outlook for Stronger U.S. Fuel Demand

June WTI crude oil (CLM23 ) on Monday closed up +1.07 (+1.53%), and June RBOB gasoline (RBM23 ) closed up +4.18 (+1.72%). Crude oil and gasoline prices Monday shook off early losses and closed moderately higher. A weaker dollar Monday gave energy prices a boost along with expectations for U.S....

Barchart

Crude Prices Climb on Outlook for Stronger U.S. Fuel Demand this Memorial Day

June WTI crude oil (CLM23 ) this morning is up +1.10 (+1.57%), and June RBOB gasoline (RBM23 ) is up +1.08 (+0.44%). June Nymex natural gas (NGM23 ) is up +0.109 (+4.81%). Crude oil and gasoline prices this morning are moderately higher. A weaker dollar today is giving energy prices...

The National (Scotland)

Nigerian community reveals the horrifying impact of pollution from major oil spill

A 16,000-LITRE oil spill by Shell last summer in Nigeria allegedly polluted drinking water, contaminated farmland and killed hundreds of birds,…

Barchart

Crude Prices Finish Moderately Lower on Dollar Strength and Economic Concerns

June WTI crude oil (CLM23 ) on Friday closed down -0.83 (-1.17%), and June RBOB gasoline (RBM23 ) closed down -3.228 (-1.38%). Crude oil and gasoline prices Friday gave up an early advance and closed moderately lower. Friday's rally in the dollar index to a 1-month high weighed on crude...

Barchart

Crude Prices Fall on a Stronger Dollar and Slump in U.S. Consumer Sentiment

June WTI crude oil (CLM23 ) this morning is down -0.58 (-0.82%), and June RBOB gasoline (RBM23 ) is down -1.22 (-0.50%). June Nymex natural gas (NGM23) is up +0.033 (+1.51%). Crude oil and gasoline prices this morning gave up an early advance and are moderately lower on today's rally...

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