The Latest Breaking News from crude oil

June WTI crude oil (CLM24 ) this morning is up +0.06 (+0.07%), and May RBOB gasoline (RBK24 ) is down -0.35 (-0.13%). Crude and gasoline prices this morning are mixed. Middle East tensions are underpinning crude prices on concerns of escalation of the Israel-Hamas war. Israel has launched strikes against...

June WTI crude oil (CLM24 ) on Thursday closed up +0.76 (+0.92%), and May RBOB gasoline (RBK24 ) closed up +2.46 (+0.91%). Crude and gasoline prices recovered from early losses on Thursday and closed moderately higher. Short covering emerged in crude on Thursday when the dollar index fell to a...

After declining in 2023, crude oil prices rallied in Q1 2024 and have edged even higher in the early days of Q2. Crude oil remains the energy commodity that powers the world, and the price prospects over the coming months will remain bullish as markets reflect the economic and geopolitical…

June WTI crude oil (CLM24 ) this morning is down -0.50 (-0.59%), and May RBOB gasoline (RBK24 ) is down -1.79 (-0.66%). Crude and gasoline prices this morning are moderately lower on energy demand concerns after US Q1 GDP growth rose less than expected. Losses in crude are limited after...

June WTI crude oil (CLM24 ) on Wednesday closed down -0.55 (-0.66%), and May RBOB gasoline (RBK24 ) closed up +0.76 (+0.28%). Crude and gasoline prices Wednesday settled mixed. Strength in the dollar Wednesday undercut energy prices. Also, oil prices fell on reduced Israel-Iran tensions as it appears Iran will...

June WTI crude oil (CLM24 ) this morning is down -0.37 (-0.46%), and May RBOB gasoline (RBK24 ) is up +0.61 (+0.23%). Crude and gasoline prices this morning are mixed. Strength in the dollar today is undercutting energy prices. Also, an easing of Israel-Iran tensions has cut oil's risk premium...

£2.2bn-worth of oil processed in China, India and Turkey – to whom Russia supplies crude – was imported in 2023, data shows

June WTI crude oil (CLM24 ) on Tuesday closed up +1.46 (+1.78%), and May RBOB gasoline (RBK24 ) closed up +3.81 (+1.43%). Crude and gasoline prices Tuesday settled moderately higher. A weaker dollar Tuesday was bullish for energy prices. Also, Tuesday's strength in stocks bolstered optimism in the economic outlook...

June WTI crude oil (CLM24 ) this morning is up +0.87 (+1.06%), and May RBOB gasoline (RBK24 ) is up +2.18 (+0.82%). Crude and gasoline prices this morning are moderately higher. A weaker dollar today is bullish for energy prices. Also, today's strength in stocks bolsters optimism in the economic...

May WTI crude oil (CLK24 ) on Monday closed down -0.29 (-0.35%), and May RBOB gasoline (RBK24 ) closed down -2.49 (-0.92%). Crude and gasoline prices on Monday posted moderate losses, with gasoline falling to a 6-week low. The main bearish factor for crude prices Monday was an easing of...

The energy sector’s prospects are boosted by escalating geopolitical tensions and tight supplies arising from production cuts. Therefore, quality energy stocks Precision Drilling Corporation (PDS), VAALCO Energy (EGY), and Adams Resources & Energy (AE) could be solid buys, as they look likely to soar beyond expectations. Read on.