Crude Oil Rises For Third Consecutive Session, API Shows Large Weekly Build - WTI Crude Oil 2/11/25 Walsh Trading Tue Feb 11, 4:45PM CST The March WTI (CLH25 ) trading session settled at 73.32 (+1.00) [+1.38%] , a high of 73.68, a low of 72.31. Cash price is at 72.38 (...
Crude oil is one of the world’s most important commodities, and its price can have ripple effects through the broader economy. Rising oil prices mean higher gasoline prices at the pump, higher shipping costs, and increased input costs for producers. Crude oil prices are driven mainly by the ...
According to a Reuters report in Dubai on September 6, Saudi Arabia, the world's largest oil exporter, sharply cut its prices for all grades of crude oil to Asian customers in October, but prices for northwestern Europe and the United States remained stable. The sharp price cut comes as a...
Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. /Reuters Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. /Reuters Oil prices rose at the start of Asian trade on Wednesday afte...
Crude Oil Remains above $62 on Refinery WoesNEW YORK, Aug. 7 (Reuters) US crude oil futures extended a rally on Friday on supply worries amid refinery troubles to settle above $62, the highest settlement price for a front-month contract on the New York Mercantile Exchange.Manila Bulletin...
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...
From a strategic point of view, investors can sell crude oil futures to hedge the downside risks of spot prices, such as selling NYMEX WTI crude oil futures contract (CL) of Chicago and Shanghai crude oil futures contract, and buying NYMEX WTI futures option for preventing oil price rebound...
(The opinions expressed here are those of the author, a columnist for Reuters.) PERTH - China boosted inventories of crude oil in the first two months of the year, a move that gives refiners options to trim imports in coming months if they deem prices ...
This was well above the $3.80 a barrel average increase expected by Asian refiners surveyed by Reuters ahead of the June 7 announcement. Saudi Energy Minister Prince Abdulaziz bin Salman told a news conference on Monday that the strong OSPs are a sign that global oil demand is ret...
REUTERS.COM- Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as rebels in Nigeria threatened to attack the country’s petroleum infrastructure. However, prices stayed below recent three-year highs as fuel supplies remain ample and as refineries scaled back operat...