The Latest Breaking News from crude oil

Ongoing conflicts in the Middle East and the extension of oil production cuts by OPEC+ into the second quarter are contributing to the positive sentiment around the energy industry. Let’s compare the fundamentals of Phillips 66 (PSX) and Marathon Oil Corporation (MRO) to determine which energy stock is a better…

April WTI crude oil (CLJ24 ) Tuesday closed down -0.37 (-0.47%), and Apr RBOB gasoline (RBJ24 ) closed up +0.59 (+0.23%). Oil prices were undercut Tuesday after the U.S. DOE Energy Information Administration (EIA), in its Short-Term Energy Outlook, forecasted that U.S. crude oil production in 2024 will rise +2.0%...

April WTI crude oil (CLJ24 ) today is up +0.32 (+0.41%), and Apr RBOB gasoline (RBJ24 ) is up +0.0075 (+0.29%). Crude oil prices today are seeing support from strength in U.S. stocks and expectations that the Fed is on track for a June rate cut, which is positive for...

April WTI crude oil (CLJ24 ) today is down -0.11 (-0.14%), and Apr RBOB gasoline (RBJ24 ) is up +0.0260 (+1.03%). Crude oil prices are being undercut by by the slightly higher dollar index and by today's weakness in stocks. Also, crude oil is seeing some bearish carry-over after the...

NYMEX WTI and ICE Brent crude oil prices have made higher lows and higher highs since the mid-December 2023 lows. The trend is always your best friend in markets across all asset classes until it bends.

April WTI crude oil (CLJ24 ) on Friday closed down -0.92 (-1.17%), and Apr RBOB gasoline (RBJ24 ) closed down -2.76 (-1.08%). Crude oil and gasoline prices on Friday erased an early advance and turned lower on Chinese energy demand concerns. Also, Friday's stock weakness undercut confidence in the economic...

April WTI crude oil (CLJ24 ) this morning is down -1.22 (-1.55%), and Apr RBOB gasoline (RBJ24 ) is down -3.42 (-1.34%). Crude oil and gasoline prices this morning gave up an early advance and turned lower on Chinese energy demand concerns. Crude prices today initially moved higher after the...

Oil and gas demand is expected to recover this year amid fears of tight supplies arising out of geopolitical tensions and production cuts announced by OPEC+. The supply curbs on oil production may lead to an increase in energy prices worldwide. Given this backdrop, quality energy stocks Petróleo Brasileiro S.A.…

April WTI crude oil (CLJ24 ) on Thursday closed down -0.20 (-0.25%), and Apr RBOB gasoline (RBJ24 ) closed up +0.09 (_0.04%). Crude oil and gasoline prices on Thursday settled mixed. Crude prices fell Thursday after weaker-than-expected global economic news sparked energy demand concerns. However, crude oil and gasoline prices...

April WTI crude oil (CLJ24 ) this morning is down -0.34 (-0.43%), and Apr RBOB gasoline (RBJ24 ) is down -0.25 (-0.10%). Crude oil and gasoline prices this morning are trading lower after weaker-than-expected global economic news sparked energy demand concerns. Losses in crude are limited after the dollar index...

US crude oil inventory report leads to slight increase in global oil prices, signaling potential supply tightening.