Because crude oil prices constantly change and are typically more volatile than stock or currency prices, it is crucial for successful investors and traders to have good information sources that report on the many factors that can influence oil prices. Many websites report crude oil news, but onl...
US crude oil inventories are expected to have risen by 1.8m bbl in the week to Oct. 11, according to a Reuters survey.Responses ranged from -2.0 bbl to +4.3m bbl.Gasoline inventories are expected to have fallen by 1.5m bbl. Responses ranged from -4.8m bb
Oil prices rose, with WTI up 2.4% at $74.27 a barrel and Brent crude futures adding 1% to $76.40 a barrel. Kevin Buckland, Reuters Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside...
December 02, 2024 [Reuters]- Saudi Arabia clawed back market share of Asia’s crude oil imports in November, while Russia surrendered some of its barrels in what may be an early sign of a shift in market dynamics. Asia’s imports from Saudi Arabia, the world’s biggest crude exporter, ...
Essam Al-Sudani | Reuters Oil prices were on pace to post their best day in two weeks on Tuesday after Saudi Arabia said it would cut oil exports in November, while a big chunk of U.S. offshore production remained offline. U.S. West Texas Intermediate crudesurged $1.34, or 2.7 percen...
Crude oil sees new short sales as interest rates rise John Kemp – Reuters Portfolio investors resumed selling petroleum last week as fears about conflict in the Middle East disrupting production were replaced by concerns about rising interest rates and the impact on the global economy and oil cons...
John Kemp – Reuters Investors dumped crude oil futures and options for the second week running as the economic outlook worsened and the risk of a wider conflict in the Middle East appeared contained. Hedge funds and other money managers sold the equivalent of 73 million barrels in the six mos...
Russia's ESPO Blend oil prices have risen to a premium over Brent for the first time since November 2023 on higher Chinese refiner demand ahead of the winter season, according to Reuters sources. US shale producers are no longer in a position to aggressively ramp up output to reduce energy ...
Crude pulls back from highs seen last week as market focus turns to oil demand growth in China with concern for a worsening property sector ahead of official data released this week. Brent OCT 23 down -0.3% at 86.59$/bbl WTI SEP 23 down -0.3% at 82.93$/b