GASOLINE STOCKS
Oil prices steady after sliding on potential Israel-Hezbollah ceasefire
Oil prices stabilize in Asian trading, balancing Middle East conflict uncertainties with bearish fundamentals. Brent crude rises slightly to $77.29 a barrel, and U.S. West Texas Intermediate to $73.60. Price fluctuations follow market reactions to geopolitical tensions, U.S. crude stock increases, and the potential impact of Hurricane Milton on Florida's fuel supply.
Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall
Oil prices steadied on Wednesday after a rise on Tuesday due to China's economic stimulus measures. Despite the initial boost, analysts believe more fiscal help is needed. Falling U.S. crude and fuel inventories supported the market, along with concerns over Middle East tensions and a hurricane's changed course away from oil-producing areas.
Oil prices steady, with investors focusing on Fed decision
Oil prices steadied on Wednesday after recent gains, as investors await the U.S. Federal Reserve's anticipated interest rate cut. Prices were supported by potential Middle East violence and U.S. supply disruptions post-Hurricane Francine. The market also expects U.S. oil purchases for the Strategic Petroleum Reserve.
Oil prices extend recovery rally to cap volatile week
Oil prices rose on Friday due to output disruptions in the U.S. Gulf of Mexico caused by Hurricane Francine. Brent crude futures increased by 0.5% to $72.31 per barrel, while U.S. West Texas Intermediate crude futures rose by 0.6% to $69.35 a barrel. Both benchmarks are set for weekly gains despite earlier declines.
US oil stocks build as crude imports rise, fuel demand weakens: EIA
U.S. oil stockpiles rose across the board last week as crude imports grew and exports dipped and as gasoline and distillate demand weakened, the Energy Information Administration (EIA) said on Wednesday.
Oil climbs over 1% after slide as US inventory drop, storm support
Oil prices rose over 1% on Wednesday, recovering some losses from the previous day. A drop in U.S. crude inventories and concerns about Hurricane Francine affecting U.S. output countered worries about weak global demand. Brent crude futures increased to $70.29 a barrel, while U.S. crude futures reached $66.86.
- Go To Page 1
Oil prices recover, driven by supply disruption fear from hurricane
Oil prices rose on Wednesday, recovering some losses from the previous day, as Hurricane Francine threatened U.S. output. Brent crude increased by 0.5% to $69.53 a barrel, while U.S. crude futures climbed to $66.10 a barrel. Concerns about weak global demand persist, particularly due to economic slowdowns in China and the United States.
US crude, gasoline stockpiles fall on stronger demand, EIA data shows
U.S. crude oil and gasoline inventories fell last week as demand picked up ahead of Labor Day weekend and the end of the summer driving season, the Energy Information Administration (EIA) said on Wednesday.
Oil prices down on swelling US crude stocks, easing Middle East tensions
Oil prices declined on Wednesday owing to rising U.S. crude inventories and lessened Middle East tensions following mediation efforts. Brent crude fell to $77.11 per barrel, and U.S. West Texas Intermediate to $73.07. Crude stocks increased by 347,000 barrels, while gasoline and distillate stocks saw reductions. Economic issues in China also influenced the market.
Toyota bets big on hybrid-only models as EV demand slows
Toyota, historically slow in developing electric vehicles (EVs), is considering transitioning most of its lineup to hybrid-only models. This shift follows decades of hybrid innovation, with Toyota aiming to phase out gasoline-only vehicles, reflecting its commitment to hybrids alongside its EV and alternative energy strategies.
Oil strengthens as fall estimated in US crude inventories
Oil prices increased on Wednesday as U.S. crude and gasoline inventories fell, reflecting higher demand. Brent crude reached $80.99 per barrel, while U.S. West Texas Intermediate climbed to $78.73. API data highlighted shrinking stocks. The situation was further influenced by potential conflicts in the Middle East, which could disrupt global oil supplies.
Oil edges lower on surprise build in US crude and gasoline stocks
Oil prices decreased in early Asian trading following a short-lived rebound due to unexpected increases in U.S. crude and gasoline inventories. Brent crude futures dropped to $76.27 a barrel, and WTI crude declined to $72.95 a barrel. Tensions in the Middle East and lower production at Libya’s Sharara oilfield have added to global supply concerns.
Oil dips as demand concerns outweigh Middle East supply fears
Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and a drop in Libyan production.
Oil rises on risk of broadening Middle East conflict
Oil prices surged in Asian markets following the assassination of Hamas and Hezbollah leaders, raising concerns of a broader Middle East conflict. Robust U.S. oil demand and declining stockpiles contributed to the price increase. A weaker dollar further supported oil demand from international investors.
Russia bans gasoline exports in Sept-Oct 2024, reports TASS
Russia's gasoline stocks in 2024 are 1% higher than last year's level, Sorokin said, adding that gasoline exports in July 2024 were down 33%.
Oil prices ease on concerns over weak China demand, Mideast ceasefire talks
Oil prices dropped on Thursday due to weak demand in China and anticipated Middle East ceasefire, offsetting gains from lower U.S. inventories the previous day. Brent crude futures fell 0.5%, and U.S. West Texas Intermediate dropped 0.4%. China's sluggish economic growth and reduced U.S. stock markets added to the downward pressure.
Oil prices tick up as crude, gasoline inventories ease
Oil prices rose as U.S. crude and gasoline stocks fell, with Brent at $85.43 and WTI at $82.47. Influences include U.S. inflation data, Federal Reserve actions, Powell's comments, CPI and PPI reports, OPEC's forecast, Hurricane Beryl impact, economic growth, air travel, rate cut speculation, and interest rates affecting borrowing costs.
Oil prices inch up on large US crude stock draw
Brent crude oil futures climbed 16 cents, or 0.2%, to $85.60 a barrel by 0033 GMT. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $82.95 per barrel.
Oil prices slide on fears of slow US demand after surprise inventory build
Oil prices dropped due to rising U.S. stockpiles, affecting market sentiment. Brent crude traded at $84.17, and U.S. West Texas Intermediate at $80.58 per barrel. Escalating conflicts in Gaza, notably in Rafah, contribute to market uncertainties amidst concerns over weakening demand.
Oil edges lower after industry group reports jump in US stockpiles
Oil prices fell on surprise U.S. stockpile increase, with concerns over weak demand. The U.S. summer driving season and consumer confidence decline contributed to market worries, along with a stronger dollar. Brent crude dropped to $84.82 a barrel.
Oil hits seven-week high on demand hopes, war jitters
Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose.
Oil inches up as war jitters outweigh surprise build in U.S. crude stocks
Oil prices rose on conflict fears in Europe and the Middle East, with unexpected U.S. crude inventory build. Concerns over escalating conflict and supply disruptions led to price increases in the oil market.
Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
Oil prices fell on Friday due to concerns over inflation risks, U.S. crude inventories, and OPEC+ negotiations to extend oil production cuts.
Oil flat as firming US gasoline demand offsets rate jitters
Oil market cautious ahead of OPEC+ meeting on June 1 to discuss extending 2.2M bpd output cuts. U.S. fuel demand and Fed's inflation concerns impact prices.
Oil falls for fourth straight session, US demand in focus
Oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world's biggest oil market.
Oil slips for third day on prospect of US rates staying high
Brent crude futures were down 87 cents, or 1.1%, at $82.01 a barrel, while U.S. West Texas Intermediate crude (WTI) was down 81 cents, or 1%, to $77.85 at 1255 GMT. Both benchmarks settled about 1% lower on Tuesday.
Oil rises on U.S. crude storage draw, Fed rate cut hopes
Brent crude futures for July rose 23 cents to $83.81 a barrel by 0033 GMT. U.S. West Texas Intermediate crude for June was up 29 cents to $79.28 per barrel.
Oil prices edge lower on rising US stockpiles
Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. West Texas Intermediate crude futures fell 13 cents, or 0.2%, to $78.25 a barrel.
Oil drifts lower as China reforms underwhelm despite OPEC+ support
Oil slipped for a second day on Tuesday as concern over China's plan for growth and uncertainty over the pace of U.S. interest rate cuts offset the prospect of a tighter market due to continued OPEC+ supply restraint.
Load More
