By Editorial Dept – Aug 08, 2025, 8:30 AM CDT Light crude oil futures posted steep losses this week, with prices sliding over 5% to settle near $63.85. The sharp selloff was fueled by a wave of bearish fundamental developments—including an OPEC+ supply boost, escalating trade disputes, softer U.S. crude exports, and uncertainty surrounding Russian […]
OPEC+ Output Hike and Trade Frictions Send Oil Prices Tumbling Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Aug 06, 2025, 10:38 PM CDT Oil prices recovered in early Asian trade on Thursday after Trump escalated trade tensions by announcing steep tariffs on Indian imports. A surprise 3 million barrel draw in U.S. crude inventories helped to
Oil Prices Rise After Trump Targets India’s Imports Read More »
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Oil prices rebound from 5-week low on Trump threats on Russian crude buyers Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Aug 05, 2025, 3:58 PM CDT The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, shrinking by 4.2 million
Strong Crude Draw Jolts Oil Prices Read More »
Femi Otedola, a Nigerian billionaire businessman, has opened up on how he was hit by misfortune in 2009. He said the sharp drop in oil prices, combined with a naira devaluation from N120 to N167 per dollar in 2009, led him to lose $480 million and $258 million, respectively. Otedola, now chairman of Geregu Power
How I lost $898m to Naira devaluation, oil, stock market dips — Femi Otedola Read More »
By Charles Kennedy – Aug 04, 2025, 9:09 PM CDT Gasoline prices in Russia hit a record high after Ukrainian drone strikes damaged key refineries, cutting crude processing by 40,000 tons per day. A Kremlin-imposed gasoline export ban has failed to stabilize the market amid peak seasonal demand and low domestic stockpiles. Analysts warn the
Russia’s Gasoline Prices Surge to Record High on Refinery Attacks Read More »
Oil drilling rigs Oil prices recovered after falling over 1% on Thursday, as traders weighed the impact of the new US tariffs, which could hinder economic activity and dampen global fuel demand growth. Brent crude futures for September delivery climbed 0.3%, or 20 cents, on Friday to $71.90 a barrel as of 8:04 am KSA
Oil prices rise as trade partners react to Trump’s order Read More »
City councilman Lee Vogler attends an event in Danville, Va., in December 2024. Photo by Von Wellington Photography via AP Article content DANVILLE, Va. — A city councilman in Virginia was seriously injured Wednesday when a man stormed into his office at a local magazine, doused him in gasoline and set him on fire —
Virginia city councillor doused with gasoline, set on fire in workplace attack Read More »
March NY world sugar #11 (SBH25) today is up +0.15 (+0.78%), and March London ICE white sugar #5 (SWH25) is up +4.70 (+0.93%). Sugar prices today recovered from early losses and are moderately higher. Today’s rally in WTI crude oil (CLG25) to an 8-week high sparked short covering in sugar futures. Strength in crude benefits
Strength in Crude Oil Sparks Short Covering in Sugar Futures Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jul 28, 2025, 11:22 PM CDT Oil prices were holding relatively steady early on Tuesday morning following a sharp rally on Monday driven by mounting geopolitical tensions and supportive trade developments. At the time of writing, WTI Crude was trading at
Oil Prices Hold Steady After Monday’s Rally Read More »
