China Is Filling Up Its Oil Reserves Fast
China has spent months building up its oil reserves. That might come in handy in the wake of the new sanctions the U.S. recently imposed on Russian crude.…
Read more China Is Filling Up Its Oil Reserves FastTag: Crude oil markets
Oil prices jump after drone attack kills U.S. troops, escalating Mideast crisis
Oil futures popped higher Sunday evening, after a drone attack that killed three U.S. service members in northern Jordan, blamed by the White House on Iran-backed militants, marked…
Read more Oil prices jump after drone attack kills U.S. troops, escalating Mideast crisis
Why Red Sea chaos is driving oil buyers ‘into the arms of U.S. shale producers’
Attacks by Iran-backed Houthi rebels on vessels in the Red Sea have led to transport disruptions for oil and other goods, but international oil shippers may have found…
Read more Why Red Sea chaos is driving oil buyers ‘into the arms of U.S. shale producers’
Oil prices end lower as crude suffers first losing year since 2020
Oil futures ended slightly lower Friday on the final trading day of 2023, capping crude’s first losing year since 2020 as concerns about the demand outlook outweighed potential…
Read more Oil prices end lower as crude suffers first losing year since 2020
Oil prices post first weekly gain in 8 weeks amid ship attacks in Red Sea
Oil futures fell on Friday, but finished off the session’s lows to eke out a gain for the week — the first for U.S. and global benchmark crude…
Read more Oil prices post first weekly gain in 8 weeks amid ship attacks in Red Sea
Oil prices drop to 2-week lows as doubts linger over OPEC+ production cuts
Oil futures fell Monday to their lowest levels in more than two weeks, building on recent declines that came after a round of voluntary production cuts announced by…
Read more Oil prices drop to 2-week lows as doubts linger over OPEC+ production cuts
Will Israel-Gaza war sink stocks and shake the global economy? Watch oil prices.
Wall Street on Monday shook off a bout of selling sparked by the Israel-Gaza war. That’s in keeping with the historical tendency of investors to look past geopolitical…
Read more Will Israel-Gaza war sink stocks and shake the global economy? Watch oil prices.
Oil prices jump 4% after Hamas attack on Israel
Oil futures opened with strong gains late Sunday as traders reacted to an attack by Hamas on Israel, raising Middle East tensions and stoking worries about the outlook…
Read more Oil prices jump 4% after Hamas attack on Israel
‘Fear trade’: What Israel-Hamas war means for oil prices and financial markets
Oil traders on Sunday said crude prices were likely to remain supported in the near term, as investors assessed the fallout from the surprise attack by Hamas on…
Read more ‘Fear trade’: What Israel-Hamas war means for oil prices and financial markets
Exxon expects profit bump from oil prices of around $1 billion in third quarter
Exxon Mobil Corp. said in a filing late Wednesday that its third-quarter profit is likely to get a bump of around $1 billion from rising crude prices. Exxon…
Read more Exxon expects profit bump from oil prices of around $1 billion in third quarter
Why higher oil prices aren’t likely to make it into Fed’s inflation or rate outlook
With the Federal Reserve preparing to release updated inflation and interest-rate forecasts on Wednesday, the proverbial elephant in the room will probably be missing from the equation: The…
Read more Why higher oil prices aren’t likely to make it into Fed’s inflation or rate outlook
U.S. oil prices score longest streak of daily gains in over 4 years
Oil futures settled higher on Wednesday, with U.S. prices posting a ninth consecutive climb — the longest streak of daily gains since early 2019. Prices for U.S. and…
Read more U.S. oil prices score longest streak of daily gains in over 4 years
Oil prices end at a 2-week high on reports Saudi Arabia said OPEC+ will do ‘whatever necessary’ to support oil
Oil futures settle at their highest in two weeks on Wednesday, finding support after Saudi Arabia’s energy minister reportedly said that the kingdom and its allies will do…
Read more Oil prices end at a 2-week high on reports Saudi Arabia said OPEC+ will do ‘whatever necessary’ to support oil
These Drilling Stocks Could Be Gushers as the Oil Industry Rebounds
Offshore oil drillers were about the worst place to be in 2020 as oil prices were falling and demand for crude seemed to be seeping away. Now, the…
Read more These Drilling Stocks Could Be Gushers as the Oil Industry Rebounds
Oil prices jump more than 2% after Saudi Arabia sets July production cut
Oil futures opened sharply higher Sunday evening, after Saudi Arabia agreed to deliver an additional 1 million–barrel daily production cut next month as the Organization of the Petroleum…
Read more Oil prices jump more than 2% after Saudi Arabia sets July production cut
Here’s how to play oil-industry stocks for long-term growth of 20% or more
Oil demand is likely to hold up longer than many people expect during the anticipated transition to electric vehicles. And changes in the industry point to oilfield services…
Read more Here’s how to play oil-industry stocks for long-term growth of 20% or more
Soaring oil prices: 6 things investors need to know about the surprise OPEC+ production cuts
The Organization of the Petroleum Exporting Countries and its allies said they decided Sunday to cut production in an effort to support oil-market stability, but that offers little…
Read more Soaring oil prices: 6 things investors need to know about the surprise OPEC+ production cuts
Oil prices soar after Saudi Arabia leads coordinated OPEC+ cuts totaling more than 1 million barrels a day
Oil prices spiked late Sunday, after Saudi Arabia led a surprise oil production cut across several OPEC+ nations that will remove more than 1 million barrels of oil…
Read more Oil prices soar after Saudi Arabia leads coordinated OPEC+ cuts totaling more than 1 million barrels a day
These 20 energy stocks are worth a look if you think oil prices will soar in 2023
Harris Kupperman, the president of Praetorian Capital, made a couple of interesting calls heading into 2022. He predicted that stocks of the giant tech-oriented companies that led the…
Read more These 20 energy stocks are worth a look if you think oil prices will soar in 2023
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for January delivery fell $3.05 to $76.93 a barrel Monday. Brent crude for February delivery fell $2.89 to $82.68 a barrel. Wholesale gasoline for…
Read more Closing prices for crude oil, gold and other commodities