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The Latest Breaking News from crude oil

Dow Drops 100 Points; US Crude Oil Inventories Decline Higher-Than-Expected Last Week

U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 100 points on Wednesday

Benzinga

Smith Micro Software And 3 Other Stocks Under $3 Insiders Are Aggressively Buying

US crude oil futures traded lower this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Benzinga

US Futures Mixed But Suggest Optimism For Tech Stocks: Key Events To Watch For Today

Trading in the major U.S. index futures points to a lackluster start by Wall Street on Wednesday but tech-heavy Nasdaq 100 futures are clocking significant gains.

Benzinga

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US Stock Futures Mostly Lower Ahead Of Fed Speakers; Crude Oil Drops Over 2%

Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade after recording losses for a third straight session on Tuesday. The Dow Jones tumbled more than 300 points, while the Nasdaq Composite dropped over 1.1% in the previous session.

Benzinga

$2.4M Bet On This Consumer Cyclical Stock? Check Out These 4 Penny Stocks Insiders Are Buying

US crude oil futures traded lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment…

Benzinga

Egypt Records 6.56% Increase in Manufacturing Production in June

Preliminary data on Egypt’s manufacturing and extractive industries production showed that the sector grew by 6.56 percent on a month-on-month basis in June 2022, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The manufacturing and extractive industries index — excluding crude oil and petroleum products — reached…

Asharq Al-Awsat

OPEC+ Member States Support Saudi Arabia’s Stance on Balancing Oil Markets

A statement by Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on balancing oil markets has been met by a flurry of support by OPEC+ member states. The United Arab Emirates is aligned with Saudi Arabia’s thinking on crude oil markets, a source with knowledge of the matter told Reuters…

Asharq Al-Awsat

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Pipeline operators agree to plead guilty in Orange County oil spill and pay nearly $13 million

LOS ANGELES — Three Texas companies agreed Friday to plead guilty to federal environmental charges and pay nearly $13 million in connection with the crude oil spill that fouled Southern California’s coastline last fall.

Los Angeles Times

Iraq Threatens New Legal Action against Kurdistan Crude Buyers

Iraq's state-owned oil marketer SOMO has threatened fresh legal action against buyers of crude oil originating from the semi-autonomous Kurdistan region, according to a letter dated Aug. 23 seen by Reuters. The letter is the latest in a series of moves by Iraq's oil ministry to try to control oil…

Asharq Al-Awsat

Oil spill settlement reached with California businesses

A pipeline operator says it has reached a settlement with Southern California tourism companies, fishermen and other businesses that sued after a crude oil spill last year

The Independent UK

Market wrap: Crude oil price continues to climb, dragging petrol with it

Meanwhile, the ASX200 eased ahead as traders digested a busy week of earnings reports as corporate Australia negotiates higher costs and interest rates.

The New Daily

Oil Prices Rise on Potential OPEC+ Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery. Brent crude rose 59 cents, or 0.6%, to $101.81 a barrel by 0400 GMT, while US West Texas Intermediate…

Asharq Al-Awsat

Dow Rises Over 100 Points; US Crude Oil Inventories Decline Higher Than Expected

U.S. stocks extended gains midway through trading, with the Dow Jones gaining more than 100 points on Wednesday.

Benzinga

US Stock Futures Edge Higher Following Monday's Sell-Off, Crude Oil Rises

Pre-open movers

Benzinga

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The Hindu

Morning Digest | Doval discusses high-tech cooperation in Moscow; Centre cuts windfall tax on domestic crude oil, and more

Here’s a select list of stories to read before you start your day

The Hindu

Oil at six-month low | Petrol at breakeven, losses continue on diesel

Brent crude oil was trading at ₹94.91 per barrel on August 18

The Hindu

‘India is buying Ukrainian blood by purchasing Russian crude oil’: Foreign Minister Dmytro Kuleba

Ukraine expected more practical support from India, said Foreign Minister Dmytro Kuleba

Benzinga

Coinbase Global, T-Mobile US And 2 Other Stocks Insiders Are Selling

U.S. crude oil futures traded lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades.

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The Times of India

Markets trade firm; sensex climbs over 395 points in early trade

MUMBAI: Equity benchmarks on Tuesday started the trade on a firm note with the sensex climbing over 395 points helped by buying in HDFC twins, foreign fund inflows and falling crude oil prices.

Benzinga

It's Slick In The Oil Patch: What Are Crude Oil Futures Saying About The Prices Ahead?

Investors know how volatile the commodities markets can be. When it comes to crude oil futures, it is a whole new ballgame with intraday as well as overnight volatility.

Bangkok Post

Time to curb speculation in commodities

Primary commodity prices have been on a roller-coaster ride for the past year, especially for the past six months. In the futures markets, crude oil prices rose by 39% in the month from Feb 8 to March 8, from US$89 (3,143 baht) per barrel to $124 per barrel, and then…

Tribune News Service

5 reasons why you’re paying way less at the gas pump

For nearly 60 straight days, drivers have seen a steady drop in gasoline prices — something that seemed unfathomable earlier in the summer when the average price nationally approached $5 a gallon.

Bangkok Post

SPRC details oil spill payouts in Rayong

Star Petroleum Refining Plc (SPRC) has reportedly paid about 90% of due compensation, worth 299 million baht, for two crude oil leaks in Rayong at the start of the year.

Bangkok Post

Demand destruction the new buzzword

On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent…

Benzinga

Robinhood, Procter & Gamble And 3 Other Big Stocks Insiders Are Selling

U.S. crude oil futures traded mostly lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades.

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