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The Latest Breaking News from crude oil

Global petrol price spike due to Middle East conflict to hit Australian motorists, Jim Chalmers warns

‘Rule of thumb’ is Australia’s inflation rises 0.4% when a 10% increase to crude oil price lasts a year

The Guardian - AU

Crude Closes Lower as EIA Inventories Expand

Nov WTI crude oil (CLX24 ) Wednesday closed down -0.33 (-0.45%), and Nov RBOB gasoline (RBX24 ) closed down -0.17 (-0.08%). Crude oil and gasoline prices on Wednesday settled moderately lower. Wednesday's rally in the dollar index (DXY00 ) to a 1-3/4 month high was bearish for energy prices. Also,...

Barchart

Crude Prices Weighed Down as Weekly EIA Supplies Jump

Nov WTI crude oil (CLX24 ) today is down -0.34 (-0.46%), and Nov RBOB gasoline (RBX24 ) is down -0.11 (-0.05%). Crude oil and gasoline prices today are moderately lower. Today's rally in the dollar index (DXY00 ) to a 1-3/4 month high is bearish for energy prices. Also, today's...

Barchart

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Crude Prices Sink as China Refrains from New Stimulus Measures

Nov WTI crude oil (CLX24 ) Tuesday closed down -3.57 (-4.63%), and Nov RBOB gasoline (RBX24 ) closed down -8.57 (-3.98%). Crude oil and gasoline prices Tuesday gave up an early advance and sold off sharply after China refrained from adding new stimulus measures. Also, an increase in Libyan crude...

Barchart

NY Sugar Undercut by Weakness in Crude Oil and the Brazilian Real

March NY world sugar #11 (SBH25 ) Tuesday closed down -0.06 (-0.27%), and December London ICE white sugar #5 (SWZ24 ) closed up +4.90 (+0.86%). Sugar prices Tuesday settled mixed, with NY sugar posting a 1-week low. Sugar prices were undercut by Tuesday's sharp drop of more than -4% in...

Barchart

Crude Tumbles as China Holds Back from Adding Stimulus Measures

Nov WTI crude oil (CLX24 ) today is down -3.96 (-5.13%), and Nov RBOB gasoline (RBX24 ) is down -10.48 (-4.87%). Crude oil and gasoline prices today gave up an early advance and sold off sharply after China refrained from adding new stimulus measures. Also, an increase in Libyan crude...

Barchart

Crude Oil Settles Sharply Higher as the Middle East Remains on Edge

Nov WTI crude oil (CLX24 ) Monday closed up +2.76 (+3.71%), and Nov RBOB gasoline (RBX24 ) closed up +5.80 (+2.77%). Crude oil and gasoline prices Monday rallied sharply, with crude posting a 7-week high and gasoline posting a 6-week high. Crude prices Monday extended last week's sharp rally on...

Barchart

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Crude Oil Rallies on Mounting Middle East Hostilities

Nov WTI crude oil (CLX24 ) today is up +1.88 (+2.53%), and Nov RBOB gasoline (RBX24 ) is up +4.89 (+2.33%). Crude oil and gasoline prices today are moving higher, with crude posting a 7-week high and gasoline posting a 6-week high. Crude prices today extended last week's sharp rally...

Barchart

Crude Prices Rally on Fears of Escalation of Middle East Hostilities

Nov WTI crude oil (CLX24 ) Friday closed up +0.67 (+0.91%), and Nov RBOB gasoline (RBX24 ) closed up +0.32 (+0.15%). Crude oil and gasoline prices Friday added to Thursday's sharp rally and posted 5-week highs. Crude prices have rallied sharply in the past two sessions on concern Israel will...

Barchart

Crude Prices Underpinned by War Risks in the Middle East

Nov WTI crude oil (CLX24 ) today is up +0.98 (+1.33%), and Nov RBOB gasoline (RBX24 ) is up +0.92 (+0.44%). Crude oil and gasoline prices today added to Thursday's sharp gains and posted 5-week highs. Crude prices have rallied sharply in the past two sessions on concern Israel will...

Barchart

Oil prices jump as speculation rises on possible Israeli retaliation against Iran

US crude oil jumped slightly after US President Joe Biden said he was "discussing" an Israeli strike on Iranian oil facilities. Chaos builds for shippers as US dockworkers enter their third day of strike action. In several cities across the US, the cost of childcare is overtaking the cost of…

France 24

Crude Sharply Higher on a Possible Israeli Attack on Iranian Oil Facilities

Nov WTI crude oil (CLX24 ) Thursday closed up +3.61 (+5.15%), and Nov RBOB gasoline (RBX24 ) closed up +10.67 (+5.37%). Crude oil and gasoline prices Thursday surged to 1-month highs on concern Israel may target Iran's oil industry in retaliation for Iran’s missile attack on Israel. Crude prices also...

Barchart

Sugar Prices Rally on Strength in Crude Oil

March NY world sugar #11 (SBH25 ) Thursday closed up +0.56 (+2.47%), and December London ICE white sugar #5 (SWZ24 ) closed up +10.00 (+1.74%). Sugar rallied on Thursday due to a +4% jump in crude prices (CLX24 ) to a 1-month high. Strength in crude oil benefits ethanol prices...

Barchart

Sugar Prices Gain as Crude Oil Surges

March NY world sugar #11 (SBH25 ) today is up +0.42 (+1.85%), and December London ICE white sugar #5 (SWZ24 ) is up +8.20 (+1.43%). Today's +4% jump in crude prices (CLX24 ) to a 1-month high supports moderate gains in sugar. Strength in crude oil benefits ethanol prices and...

Barchart

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Barchart

Crude Spikes to a 1-Month High on Possible Israeli Retaliation on Iranian Oil Facilities

Nov WTI crude oil (CLX24 ) today is up +2.68 (+3.82%), and Nov RBOB gasoline (RBX24 ) is up +7.77 (+3.91%). Crude oil and gasoline prices surged today to 1-month highs on concern Israel may target Iran's oil industry in retaliation for its missile attack on Israel. Crude prices also...

Barchart

Crude Prices Supported by Middle East Hostilities

Nov WTI crude oil (CLX24 ) Wednesday closed up +0.27 (+0.39%), and Nov RBOB gasoline (RBX24 ) closed up +1.93 (+0.98%). Crude oil and gasoline prices rose to 1-week highs on Wednesday and closed higher. Heightened Middle East tensions are supporting crude prices after Israel vowed to retaliate against Iran...

Barchart

Crude Gives Up Most Gains as Weekly EIA Inventories Unexpectedly Climb

Nov WTI crude oil (CLX24 ) today is up +0.21 (+0.30%), and Nov RBOB gasoline (RBX24 ) is up +0.14 (+0.07%). Crude oil and gasoline prices today climbed to 1-week highs and are modestly higher. Heightened Middle East tensions are supporting crude prices after Israel vowed to retaliate against Iran...

Barchart

Heightened Geopolitical Risks in the Middle East Boost Crude Prices

Nov WTI crude oil (CLX24 ) Tuesday closed up +1.66 (+2.44%), and Nov RBOB gasoline (RBX24 ) closed up +3.15 (+1.63%). Crude oil and gasoline prices Tuesday rallied sharply on escalating Middle East tensions that have the potential to disrupt oil supplies. Israel began a ground assault into Lebanon, and...

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Barchart

Sugar Prices Supported by Crude Oil Rally

March NY world sugar #11 (SBH25 ) Tuesday closed up +0.50 (+2.23%), and December London ICE white sugar #5 (SWZ24 ) closed up +5.30 (+0.92%). Sugar prices Tuesday rose due to a surge in crude oil prices. WTI crude (CLX24 ) climbed more than +2% Tuesday, which was positive for...

Barchart

Sugar Supported by a Surge in Crude Prices

March NY world sugar #11 (SBH25 ) today is up +0.36 (+1.60%), and December London ICE white sugar #5 (SWZ24 ) is up +2.30 (+0.40%). Sugar prices today are moderately higher due to a surge in crude oil prices. WTI crude (CLX24 ) is up more than +4% today, which...

Barchart

Crude Surges on Escalating Geopolitical Risks in the Middle East

Nov WTI crude oil (CLX24 ) today is up +2.97 (+4.36%), and Nov RBOB gasoline (RBX24 ) is up +5.60 (+2.89%). Crude oil and gasoline prices today are sharply higher. Escalating Middle East tensions that have the potential to disrupt oil supplies have sparked a rally in crude oil after...

StockNews.com

3 Oil & Gas Stocks That Remain Undervalued

With growing geopolitical instability, delayed OPEC+ production increases, and rapid technological advancements, the oil and gas market is poised for solid growth. Hence, currently undervalued energy stocks Energy Transfer (ET), Plains All American Pipeline (PAA), and Delek Logistics Partners (DKL) could be ideal investment choices. Read more.

Barchart

Crude Gives Early Gains as the Dollar Strengthens

Nov WTI crude oil (CLX24 ) Monday closed down -0.01 (-0.01%), and Nov RBOB gasoline (RBX24 ) closed up +0.81 (+0.42%). Crude oil and gasoline prices settled mixed on Monday. Crude found support from the recent escalation of the conflict between Israel and Hezbollah, which fueled concerns the conflict will...

Barchart

Crude Rallies on Middle East Tensions

Nov WTI crude oil (CLX24 ) today is up +0.75 (+1.10%), and Nov RBOB gasoline (RBX24 ) is up +2.55 (+1.32%). Crude oil and gasoline prices today are moderately higher. Crude is climbing as the recent escalation of the conflict between Israel and Hezbollah is fueling concerns the conflict will...

Barchart

Crude Posts Moderate Gains on Dollar Weakness

Nov WTI crude oil (CLX24 ) Friday closed up +0.51 (+0.75%), and Nov RBOB gasoline (RBX24 ) closed down -0.78 (-0.40%). Crude oil and gasoline prices settled mixed on Friday. Short covering emerged in crude oil Friday after the dollar index (DXY00) tumbled to a 14-month low. Crude also had...

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