Crude oil prices this week reached their highest level since last April. What will that mean for U.S. consumers at the gas pump? The first question to be clear on is which crude oil price we’re talking about. Two of the popular benchmarks are West Texas Intermediate, traded in Oklahom...
Crude oil prices broke through the $19 level during Tuesday's trading, but settled just short of the mark in a day largely absent of significant market-moving news.Light sweet crude oil for July delivery settled at $18.95 per barrel, up 16 cents, at the New York Mercantile Exchange. Much...
the price rose 166 yuan / ton, or 1.10%, down 25.57% last year compared with last Wednesday. The price of nylon POY was 12720 yuan / ton, up 100 yuan / ton, or 0.79%, down 28.94% from the same period last year; the price of nylon FDY was...
Distillate fuel product supplied averaged 4.1 million barrels per day, down 3.6 percent from the same period last year. Jet fuel product supplied is up 4.3 percent compared with the same four-week period last year. Oil prices rose on Wednesday. The West Texas Intermediate for May delivery rose...
WTI crude had a series of rallies and tumbles to reach a year-high price of $84.06 per barrel in late October 2021. Compared to the 2022 year opening price, WTI crude is down 10.19%. Contents Brent vs. WTI Crude Oil Prices Compared What Is The Brent Crude Oil Spot Price? What Drives...
to China, equivalent to 1.73 million barrels per day. However, China’s crude oil imports from Saudi Arabia in the first two months of 2023 totaled 13.92 million tons, or about 1.73 million barrels per day, down 4.7% year-on-year, while the average price climbed nearly 4% year-on-year...
Oil prices finish 2024 little-changed, but some see scope for gains in 2025 Dec. 31, 2024 at 3:52 p.m. ETby Joseph Adinolfi Nymex Overview: Oil, Products Edge Up in Thin Trade on New Year's Eve -- OPIS Dec. 31, 2024 at 12:22 p.m. ET ...
Oil prices have surged more than 7% through Tuesday's close sinceIran fired roughly 180 ballistic missilesat Israel last week, raising fears that Israel might retaliate by hitting Iran's crude industry. President Joe Biden, however, has publiclydiscouraged Israelfrom hitting Iran's oil infrastructure...
In addition, the market generally expects that OPEC+ will decide in March whether to extend the first quarter production reduction agreement implemented last year. If the agreement becomes loose, the medium-term crude oil supply pattern will also change, and oil prices may further pressure. Sun...
Follow today's crude oil price moves and key news stories driving oil price actions, as well as developments in the broader energy sector.