NEW YORK, June 24 (Xinhua) -- Oil prices rose on Friday, driven by renewed concerns over tight supplies. The West Texas Intermediate for August delivery added 3.35 U.S. dollars, or 3.2 percent, to settle at 107.62 dollars a barrel on the New York Mercantile Exchange. Brent crude for Aug...
Oil prices will rise as supplies tighten? Hardly.
Oil prices settled up slightly on Wednesday as signs of ample supply, including growing U.S. crude inventories, offset growing hopes for higher demand after a jump in manufacturing in top crude importer China. Brent crudefutures settled up 86 cents, or 1%, to $84.31 a barrel. U.S.West Te...
NEW YORK, May 16 (Xinhua) -- Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. The West Texas Intermediate for June delivery added 3.71 U.S. dollars, or 3.4 percent, to settle at 114.20 dollars a barrel on the New York Mercantile Exchange. Brent crude for...
Oil prices were expected to draw continued support from signs of recovering demand in China. China's crude oil imports are expected to rise by 6.2% in 2023 to 540 million tonnes, an annual forecast by a research unit of China National Petroleum Corp showed on Monday. ...
Oil prices rise after year's biggest drop OIL prices rose above US$85 per barrel yesterday as US postelection volatility continued. Crude oil rose 65 cents to close at US$85.09 on the New York Mercantile Exchange. That followed a decline of 5 percent on Wednesday, when traders were spooked...
Even if oil prices continue to rise, the impact at the pump may be muted due to the seasonal dip in gas prices during the fall months, De Haan wrote on X (formerly known as Twitter). That's because gas prices typically decline in the autumn, following a traditional summer bump caused ...
Will oil prices rise? Perhaps the easiest way for Americans to experience the effects of oil prices is through gasoline. American drivers have paid less for fuel as oil supplies have increased and prices have dropped. In the United States, oil production has increased sharply in recent years. ...
which has long been designated a terrorist organization by Israel and the U.S.Investors are closely watching conflicts in the Middle East for signs that escalating hostilities between Israel and Iran could threaten global oil supplies and drive up energy prices. More than half of all crude oil ...
Instability in the Middle East, an area responsible for roughly one-third of global oil production, could disrupt supplies, causing prices to surge, which is bullish for GUSH. On Oct. 12, Benchmark analyst Subash Chandra maintained a Buy rating on Marathon Oil Corporation Corp...