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Crude Oil Falls Back After Thursday’s Rally on US and EU Sanctions on Russian Energy

Crude Oil Falls Back After Thursday’s Rally on US and EU Sanctions on Russian Energy

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December WTI crude oil (CLZ25) on Friday closed down -0.29 (-0.47%), and December RBOB gasoline (RBZ25) closed down -0.0043 (-0.23%). Crude oil and gasoline prices on Friday ran into some pre-weekend long liquidation pressure after the sharp gains seen on Wednesday and Thursday.  Crude oil prices rallied after the US and EU ramped up sanctions […]

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USD/CAD falls to near 1.4000 as Oil prices extend gains on falling stockpiles

USD/CAD falls to near 1.4000 as Oil prices extend gains on falling stockpiles

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USD/CAD extends its losses for the second successive session, trading around 1.4000 during the Asian hours on Wednesday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from the higher Oil prices. West Texas Intermediate (WTI) Oil price gains ground for the second successive day, trading around $57.70 per barrel at the

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Oil falls 2% after sources say OPEC+ mulls accelerating output

Oil falls 2% after sources say OPEC+ mulls accelerating output

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Oil prices slipped 2% on Wednesday as sources said OPEC+ would consider accelerating its oil output increases in June, but losses were curbed following a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures settled down $1.32, or 1.96%, at $66.12 a barrel, while U.S. West Texas Intermediate crude

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Oil Falls After EIA Confirms Small Crude Inventory Build

Oil Falls After EIA Confirms Small Crude Inventory Build

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On November 21, 2024, 4:39 AM Crude oil prices dipped today after the U.S. Energy Information Administration reported an inventory build of 500,000 barrels for the week to November 15. At the time of writing, Brent crude was trading at $73.26 per barrel, with WTI at $69.50 per barrel. The change compared with a build of 2.1 million barrels for the previous week,

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Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war

Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war

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Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war 2:45 pm, Mon July 29, 2024 Oil prices fell more than one dollar a barrel today after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike

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