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The Latest Breaking News from crude oil

Crude Rallies on Dollar Weakness and Geopolitical Risks in Middle East

May WTI crude oil (CLK24 ) on Thursday closed up +1.16 (+1.36%), and May RBOB gasoline (RBK24 ) closed up +3.33 (+1.21%). Crude and gasoline prices Thursday recovered from early losses and moved higher, with crude climbing to a 5-1/4 month high and gasoline climbing to a 7-month high. Thursday's...

Barchart

Crude Oil Prices Consolidate This Week's Rally

May WTI crude oil (CLK24 ) this morning is down -0.21 (-0.25%), and May RBOB gasoline (RBK24 ) is down -0.59 (-0.21%). Crude and gasoline prices this morning are slightly lower as they consolidate this week's rally that pushed crude up to a 5-1/4 month high and gasoline to a...

Barchart

3 Energy Stocks to Invest in for April Gains

With robust oil and gas demand, government support, and the incorporation of technologies like IoT and data analytics, the energy sector seems well-placed to grow and evolve considerably. Thus, it could be wise to invest in quality energy stocks Petróleo Brasileiro (PBR), Phillips (PSX), and VAALCO Energy (EGY) for potential…

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Oil Prices Holds Above $85 As Israel Braces For Iran Response Lifting Energy Stocks Near Buy Points

Oil prices are hovering around five-month highs with energy stocks trading right around buy points.

Investors Business Daily

Crude Ends Higher as OPEC+ Maintains its Crude Production Cuts

May WTI crude oil (CLK24 ) on Wednesday closed up +0.28 (+0.33%), and May RBOB gasoline (RBK24 ) closed up +0.20 (+0.07%). Crude and gasoline prices Wednesday settled moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 7-month high. A weaker dollar on Wednesday was supportive...

Barchart

Crude Gains as OPEC+ Maintains its Crude Production Cuts

May WTI crude oil (CLK24 ) this morning is up +0.75 (+0.88%), and May RBOB gasoline (RBK24 ) is up +2.56 (+0.93%). Crude and gasoline prices this morning are moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 7-month high. A weaker dollar today is supportive...

Barchart

India to build first commercial crude oil strategic storage

India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption.

The Hindu

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Crude Prices Strengthen on Geopolitical Risks and Improved Global Energy Demand

May WTI crude oil (CLK24 ) on Tuesday closed up +1.44 (+1.72%), and May RBOB gasoline (RBK24 ) closed up +4.89 (+1.80%). Crude and gasoline prices Tuesday settled moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 2-week high. A weaker dollar on Tuesday was supportive...

Barchart

Crude Prices Firm on Geopolitical Risks and Strength in Global Energy Demand

May WTI crude oil (CLK24 ) this morning is up +1.07 (+1.28%), and May RBOB gasoline (RBK24 ) is up +2.32 (+0.86%). Crude and gasoline prices this morning are moderately higher, with crude posting a 5-1/4 month high and gasoline posting a 2-week high. A weaker dollar today is supportive...

Barchart

Crude Prices Close Higher on Positive US and US and Chinese Economic Reports

May WTI crude oil (CLK24 ) on Monday closed up +0.45 (+0.65%), and May RBOB gasoline (RBK24 ) closed down -1.06 (-0.39%). Crude and gasoline prices on Monday settled mixed, with crude climbing to a 5-month high. Signs of strength in US and Chinese energy demand pushed crude prices higher...

Barchart

Crude Prices Climb on Positive US and US and Chinese Reports

May WTI crude oil (CLK24 ) this morning is up +0.95 (+1.14%), and May RBOB gasoline (RBK24 ) is up +0.24 (+0.09%). Crude and gasoline prices this morning are moderately higher, with crude climbing to a 5-month high. Signs of strength in US and Chinese energy demand are pushing crude...

Barchart

Crude Rallies on Stronger-Than-Expected US Economic Reports

May WTI crude oil (CLK24 ) on Thursday closed up +1.82 (+2.24%), and May RBOB gasoline (RBK24 ) closed up +4.87 (+1.82%). Crude and gasoline prices Thursday settled moderately higher, with crude posting a 1-week high. Thursday's stronger-than-expected US economic reports signaled strength in the economy that was bullish for...

Barchart

Crude Rallies on Strength in the US Economy

May WTI crude oil (CLK24 ) this morning is up +1.23 (+1.51%), and May RBOB gasoline (RBK24 ) is up +2.94 (+1.10%). Crude and gasoline prices this morning are moderately higher, with crude climbing to a 1-week high. Today's mostly stronger-than-expected US economic reports signal strength in the economy that...

Barchart

Crude Prices Fall on Bearish Weekly EIA Report

May WTI crude oil (CLK24 ) on Wednesday closed down -0.27 (-0.33%), and May RBOB gasoline (RBK24 ) closed down -1.34 (-0.50%). Crude and gasoline prices on Wednesday posted mild losses, with gasoline falling to a 1-1/2 week low. A stronger dollar on Wednesday was bearish for energy prices. Also,...

Barchart

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Crude Prices Fall after EIA Crude and Gasoline Inventories Unexpectedly Climb

May WTI crude oil (CLK24 ) this morning is down -0.27 (-0.33%), and May RBOB gasoline (RBK24 ) is down -2.39 (-0.89%). Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 1-1/2 week low. A stronger dollar today is bearish for energy prices. Also, today's...

Barchart

Dollar Strength and Increased Russian Fuel Exports Undercuts Crude

May WTI crude oil (CLK24 ) on Tuesday closed down -0.33 (-0.40%), and May RBOB gasoline (RBK24 ) closed down -4.31 (-1.58%). Crude and gasoline prices on Tuesday closed moderately lower, with gasoline falling to a 1-week low. A stronger dollar (DXY00 ) Tuesday weighed on energy prices. Also, an...

Barchart

Crude Slightly Lower on Dollar Strength and Increased Russian Fuel Exports

May WTI crude oil (CLK24 ) this morning is down -0.19 (-0.23%), and May RBOB gasoline (RBK24 ) is down -3.53 (-1.29%). Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 1-week low. A stronger dollar today is bearish for energy prices. Also, an increase...

Top News

Indian Refiners Increase US Crude Purchases Amid Russia Sanctions

Indian refiners increase US crude oil purchases to diversify from Russian imports amidst global energy market disruptions.

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Barchart

Crude Oil: Is Oil Preparing for Higher Prices?

Late December's tax-driven selling pressures drove oil prices down. As if on cue, seasonal buying pressure emerged, injecting a fresh wave of optimism into the crude oil market. This demand is not without purpose; it marks the onset of preparations for the impending summer driving season. Refiners embark on a…

Barchart

Crude Closes Higher on the Outlook for OPEC+ to Maintain Production Cuts

May WTI crude oil (CLK24 ) on Monday closed up +1.32 (+1.64%), and May RBOB gasoline (RBK24 ) closed up +1.14 (+0.42%). On Monday, crude oil and gasoline prices posted moderate gains on a weaker dollar. Crude oil prices are also seeing support from expectations that global crude supplies will...

Barchart

Crude Oil Gains on the Outlook for OPEC+ to Maintain Production Cuts

May WTI crude oil (CLK24 ) this morning is up +1.42 (+1.46%), and May RBOB gasoline (RBK24 ) is up +1.92 (+0.71%). Crude oil and gasoline prices today are trading higher on a weaker dollar. Crude oil prices are also seeing support from expectations that global crude supplies will remain...

Barchart

Will an Economic Rebound in China Lift Prices?

After reaching a record high in 2022, coal prices have come back down to earth. Coal for delivery in Newcastle, Australia, and Rotterdam, the Netherlands, has traded in a range in 2023, well below the 2022 high.

Barchart

Crude Oil Prices Undercut by a Stronger Dollar

May WTI crude oil (CLK24 ) on Friday closed down -0.44 (-0.54%), and May RBOB gasoline (RBK24 ) closed up +0.48 (+0.08%). Crude oil and gasoline prices on Friday settled mixed. Energy prices Friday were under pressure from a rally in the dollar index to a 5-week high. Energy prices...

Barchart

Crude Oil Prices Pressured by Dollar Strength

May WTI crude oil (CLK24 ) this morning is down -0.23 (-0.28%), and May RBOB gasoline (RBK24 ) is up +0.22 (+0.08%). Crude oil and gasoline prices this morning are mixed. Energy prices are under pressure from the rally in the dollar index to a 5-week high. Losses in crude...

StockNews.com

3 Energy Stocks Surging Towards Profitability

The energy industry is poised for robust growth due to increasing global demand for oil amid supply cuts and potential production disruptions. This trend creates opportunities for investment across the sector. Therefore, investors could consider buying fundamentally strong energy stocks such as Phillips 66 (PSX), Cheniere Energy (LNG), and Western…

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