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The Latest Breaking News on Crude Oil Settles Sharply Higher on Heightened Geopolitical Risks

Sustained drilling growth and Saudi Arabia's extended oil production cuts are poised to drive up oil prices. Thus, one could consider adding Solaris Oilfield (SOI), Profire Energy (PFIE), and NOW Inc. (DNOW), all trading below $15, to their portfolios for potential gains. Read on….

StockNews.com

Crude Prices Gain on Dollar Weakness and Strong Chinese Economic News

October WTI crude oil (CLV23 ) this morning is up +0.36 (+0.40%), and Oct RBOB gasoline (RBV23 ) is down -2.81 (-1.02%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 10-month high. Dollar weakness today is supportive of energy prices. Also, stronger-than-expected economic reports...

Barchart

Crude Settles Higher on Increased China Stimulus and Strong U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +1.64 (+1.85%), and Oct RBOB gasoline (RBV23 ) closed up +0.43 (+0.16%). Crude oil and gasoline prices Thursday extended this week's rally, with crude posting a 10-month high and gasoline posting a 2-week high. Crude rallied Thursday on speculation China's...

Barchart

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Which of These 3 Energy Stocks Is a Better Buy: Exxon Mobil Corp. (XOM), Valero Energy (VLO), or Chevron (CVX)?

The energy sector is poised for a robust expansion thanks to soaring oil prices and surging demand. Therefore, let us analyze three energy stocks, Exxon Mobil Corp (XOM), Chevron Corp (CVX), and Valero Energy (VLO), to determine which stock could be a better portfolio addition. Learn more….

StockNews.com

Crude Prices Jump on Increased China Stimulus and Strong U.S. Economic News

October WTI crude oil (CLV23 ) this morning is up +1.60 (+1.81%), and Oct RBOB gasoline (RBV23 ) is up +1.85 (+0.68%). Crude oil and gasoline prices this morning are higher, with crude posting a 10-month high and gasoline posting a 2-week high. Crude rallied today on speculation China's economic...

Barchart

Crude Prices Close Lower as Weekly EIA Inventories Unexpectedly Climb

October WTI crude oil (CLV2 3 ) on Wednesday closed down -0.32 (-0.36%), and Oct RBOB gasoline (RBV23 ) closed up +1.05 (+0.38%). Crude oil and gasoline prices on Wednesday settled mixed. Crude fell from a 10-month high Wednesday and closed lower on a bearish weekly EIA inventory report. Crude...

Barchart

3 Reasons to Buy Exxon Mobil Stock Right Now

As oil prices push higher, energy giant Exxon Mobil - with its strong fundamentals and industry-leading position - has emerged as a compelling stock to buy at current levels.

Barchart

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Crude Prices Strengthen on the Outlook for Tighter Global Supplies

October WTI crude oil (CLV23) this morning is up +0.23 (+0.26%), and Oct RBOB gasoline (RBV23) is up +0.40 (+0.15%). Crude oil and gasoline prices this morning are modestly higher, with crude posting a nearly 10-month high. Tightness in global oil supplies is underpinning oil prices after OPEC on Tuesday...

Barchart

Crude Prices Push Higher as OPEC Projects Global Oil Supplies to Tighten Further

October WTI crude oil (CLV23 ) on Tuesday closed up +1.55 (+1.78%), and Oct RBOB gasoline (RBV23 ) closed up +0.92 (+0.34%). Crude oil and gasoline prices on Tuesday posted moderate gains, with crude climbing to a nearly 10-month high and gasoline posting a 2-week high. Tightness in global oil...

Barchart

Crude Rallies as OPEC Projects Global Oil Supplies to Tighten Further

October WTI crude oil (CLV23 ) this morning is up +1.73 (+1.98%), and Oct RBOB gasoline (RBV23 ) is up +1.67 (+0.61%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to a nearly 10-month high and gasoline posting a 2-week high. Tightness in global oil...

Barchart

Crude Prices Fall Back on Global Energy Demand Concerns

October WTI crude oil (CLV23 ) on Monday closed down -0.22 (-0.25%), and Oct RBOB gasoline (RBV23 ) closed up +6.50 (+2.45%). Crude oil and gasoline prices Monday settled mixed, with gasoline posting a 2-week high. Crude fell back from a 9-3/4 month high Monday on global energy demand concerns...

Barchart

3 Buy-Rated Oil Stocks to Grab as Crude Prices Climb

With Goldman Sachs now warning about triple-digit oil, here's a look at three energy stocks set to benefit from additional upside in crude prices.

Barchart

Crude Prices Slip on Global Energy Demand Concerns

October WTI crude oil (CLV23 ) this morning is down -0.18 (-0.21%), and Oct RBOB gasoline (RBV23 ) is up +2.75 (+1.045%). Crude oil and gasoline prices this morning are mixed, with gasoline posting a 2-week high. Crude fell back from a 9-3/4 month high today on global energy demand...

Barchart

Crude Settles Moderately Higher on Tight Global Oil Supplies

October WTI crude oil (CLV23 ) on Friday closed up +0.64 (+0.74%), and Oct RBOB gasoline (RBV23 ) closed up +3.07 (+1.17%). Crude oil and gasoline prices Friday posted moderate gains, with gasoline climbing to a 1-1/2 week high. A weaker dollar Friday was supportive of energy prices. Crude also...

Barchart

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StockNews.com

3 Powerhouse Oil Stocks to Buy This Month

Oil prices are boiling amid prolonged production cuts by some of the world’s major oil-producing nations. Therefore, three fundamentally sound oil stocks, Sasol Limited (SSL), Koninklijke Vopak (VOPKY), and Santos Limited (SSLZY), could be wise portfolio additions this month. Read on….

Barchart

Crude Grinds Higher on Dollar Weakness and Tight Global Oil Supplies

October WTI crude oil (CLV23 ) this morning is up +0.90 (+1.04%), and Oct RBOB gasoline (RBV23 ) is up +4.67 (+1.78%). Crude oil and gasoline prices this morning are moderately higher, with gasoline posting a 1-1/2 week high. A weaker dollar today is supportive of energy prices. Crude also...

Barchart

Crude Erases Early Gains on Dollar Strength and Energy Demand Concerns

October WTI crude oil (CLV23 ) on Thursday closed down -0.67 (-0.77%), and Oct RBOB gasoline (RBV23 ) closed up +2.16 (+0.83%). Crude oil and gasoline prices Thursday settled mixed, with gasoline posting a 1-1/2 week high. Crude prices gave up an early advance and moved lower on dollar strength...

Barchart

Crude Consolidates Recent Gains as EIA Crude Inventories Tighten

October WTI crude oil (CLV23 ) this morning is up +0.03 (+0.03%), and Oct RBOB gasoline (RBV23 ) is up +2.67 (+1.03%). Crude oil and gasoline prices today are slightly higher, with gasoline posting a 1-1/2 week high and crude holding just below Wednesday’s 9-1/2 month high. Crude has carryover...

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Fortune

Crude oil prices could soar above $100 a barrel by 2024 Election Day, warns Goldman Sachs

Should oil producers choose next year not to reverse their cuts, then the Biden administration may have a problem on its hands.

Barchart

Crude Oil Boosted by Outlook for Tighter Global Oil Supplies

October WTI crude oil (CLV23 ) on Wednesday closed up +0.85 (+0.98%), and Oct RBOB gasoline (RBV23 ) closed up +2.04 (+0.79%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to a 9-1/2 month high. Crude found carryover support from Tuesday when Saudi Arabia and Russia...

StockNews.com

Build a Strong Energy Portfolio With 3 Stocks

Saudi Arabia's extended voluntary crude oil production reduction seems to drive the oil and gas industry. Against this backdrop, sound energy stocks Petróleo Brasileiro (PBR), Transportadora de Gas del Sur (TGS), and Repsol (REPYY) could make wise additions to your portfolio. Read on….

Barchart

Crude Prices Underpinned by Production Cuts from Saudi Arabia and Russia

October WTI crude oil (CLV23 ) this morning is up +0.26 (+0.30%), and Oct RBOB gasoline (RBV23 ) is down -0.54 (-0.21%). Crude oil and gasoline prices this morning are mixed. Crude has carryover support from Tuesday when Saudi Arabia and Russia announced that they will extend their respective crude...

Barchart

Can Heating Oil Prices Explode Again?

NYMEX heating oil prices rose to a record high in April 2023, soaring past the previous 2008 peak. Heating oil is a distillate fuel, and the NYMEX futures are a proxy for jet and diesel fuels. Despite heating oil’s use as a winter fuel, distillates experience less seasonality than gasoline…

Barchart

Crude Rallies as Saudi Arabia and Russia Extend Crude Production Cuts

October WTI crude oil (CLV23 ) Tuesday closed up +1.14 (+1.33%), and Oct RBOB gasoline (RBV23 ) closed down -1.06 (-0.41%). Crude oil and gasoline prices Tuesday settled mixed, with crude climbing to a 9-1/2 month high. The main bullish factor Tuesday was the announcement by Saudi Arabia and Russia...

The Guardian - UK

Petrol prices expected to rise as oil cost climbs above $90 a barrel

Motorists could be hardest hit after Russia and Saudi Arabia extend cuts to supplies

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