The Latest Breaking News from crude oil

China increases crude oil storage capacity to secure energy reserves amidst global uncertainties.

May WTI crude oil (CLK24 ) on Wednesday closed down -2.67 (-3.13%), and May RBOB gasoline (RBK24 ) closed down -9.36 (-3.32%). Crude and gasoline prices Wednesday sold off sharply, with crude falling to a 3-week low and gasoline dropping to a 2-week low. Crude prices tumbled after Wednesday's weekly...

May WTI crude oil (CLK24 ) this morning is down -0.88 (-1.03%), and May RBOB gasoline (RBK24 ) is down -4.99 (-1.77%). Crude and gasoline prices this morning are moderately lower, with crude falling to a 2-week low. Crude prices moved lower after weekly EIA crude inventories rose more than...

May WTI crude oil (CLK24 ) on Tuesday closed down -0.05 (-0.06%), and May RBOB gasoline (RBK24 ) closed up +3.84 (+1.38%). Crude and gasoline prices on Tuesday settled mixed. Tuesday's rally in the dollar index (DXY00 ) to a 5-1/2 month high weighed on energy prices. However, losses in...

The composite of traditional energy prices rose 5.12% in Q1 after falling 21.85% in 2023. Crude oil and gasoline posted double-digit percentage gains, while natural gas fell nearly 30%. In early Q2, prices were mostly higher.

May WTI crude oil (CLK24 ) this morning is up +0.12 (+0.14%), and May RBOB gasoline (RBK24 ) is up +1.82 (+0.65%). Crude and gasoline prices this morning are moderately higher. Crude prices have support on Middle Eastern geopolitical risks as the markets await any response from Israel to Iran's...

May WTI crude oil (CLK24 ) on Monday closed down -0.25 (-0.29%), and May RBOB gasoline (RBK24 ) closed down -1.90 (-0.68%). Crude and gasoline prices on Monday posted moderate losses, with crude prices falling to a 1-1/2 week low. Crude oil prices are lower on hopes that the Iran-Israeli...

May WTI crude oil (CLK24 ) this morning is down -0.90 (-1.05%), and May RBOB gasoline (RBK24 ) is down -3.64 (-1.30%). Crude and gasoline prices this morning are on the defensive, with crude prices falling to a 1-1/2 week low. Crude oil prices are lower on hopes that the...

May WTI crude oil (CLK24 ) on Friday closed up +0.64 (+0.75%), and May RBOB gasoline (RBK24 ) closed up +2.88 (+1.04%). Crude and gasoline prices Friday posted moderate gains, with crude climbing to a 5-1/2 month high and gasoline climbing to a 7-1/2 month high. Crude prices moved higher...

May WTI crude oil (CLK24 ) this morning is up +2.15 (+2.53%), and May RBOB gasoline (RBK24 ) is up +6.47 (+2.33%). Crude and gasoline prices this morning are sharply higher, with crude posting a 5-1/2 month high and gasoline posting a 7-1/2 month high. Concern that an escalation of...

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