Oil prices fell on Wednesday, with front - month US crude futures losing more than a dollar to close below $50 for the first time in almost four months as government data showed a surprise increase in US petroleum inventories. The Energy Information Administration (EIA) reported that US crude...
On Nov. 6 the ICE front-month Brent futures contract was assessed as of 2:30 pm ET at $39.33/b. Since then, the contract has increased by $15.04/b or around 38.2%.In that same time, USGC marine fuel 0.5%S has increased by $99.50/mt or around 34%....
Oil prices had been supported by the announcement on Sunday by the Organization of the Petroleum Exporting Countries (OPEC) and their allies, a group known as OPEC+, to push back a production hike by a month from December as weak demand and rising non-OPEC supply depress markets. Still, ri...
Rise in unemployment rate bolsters case for Federal Reserve rate cut this month December 5 2024 Effort to cut federal workforce takes aim at key US jobs engine Government and healthcare have emerged as biggest source of American employment, particularly for knowledge workers ...
RMB was shored up by the remarks made by US President Donald Trump that he does not want to wield tariffs against China. Spot USD/CNY swelled 462 bps to close at 7.2412 today (24th), setting an over-one-month high. As of 4:35 pm, USD/CNY in the night session leaped 482 bps. US...
The US Retail Gas Price is the average price that retail consumers pay per gallon, for all grades and formulations. Retail gas prices are important to view in regards to how the energy industry is performing. Additionally, retail gas prices can give a good overview of how much discretionary ...
Oil prices fell nearly 5 percent on Thursday, reversing early gains after the U.S. government reported a weekly crude draw that disappointed market bulls expecting larger declines. U.S. commercial crude stockpiles fell by 2.2 million barrels to a total of 524.4 million in the week through July...
The administration has so far bought back more than 50mbbl, after selling 180mbbl in 2022 at an average of about $95/bbl. The US DOE has been purchasing about 3mbbls of oil per month taking the strategic reserve volume up to 379.95mbbl after falling to a low of 347mbbl in July 202...
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OPEC and its allies will discuss whether to extend a deal on cutting 1.2 million barrels per day of production that runs out this month. — CNBC'sPatti Dommcontributed to this report.