U.S. crude oil rises 2%, trades above $70 per barrel
Oil prices rise more than $1 in early trading
Oil futures rose more than $1 in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker than expected U.S. jobs data on Friday.
U.S. crude oil rises from nine-month low, trades near $71 per barrel after selloff
The U.S. benchmark hit a low of $69.19 earlier in the session, the lowest level since Dec. 13, after plunging more than 4% on Tuesday. U.S. crude and global benchmark Brent have erased all gains for 2024. West Texas Intermediate October contract: $70.72 per barrel, up 38 cents, or 0.55%. Year to date, U.S. crude oil has fallen 1%.
Oil Prices Rise on Large Crude Inventory Draw
Crude oil prices moved higher today after the U.S. Energy Information Administration confirmed a large draw in crude oil inventories
Oil rises on US crude stocks fall and possible delay to OPEC+ hike
Oil firmed on Thursday, edging up from multi-month lows, due to a possible delay to output increases by OPEC+ producers and a decline in U.S. inventories, though gains were capped by persistent demand concerns.
U.S. crude oil near $69 per barrel as OPEC+ delays production boost
OPEC+ members have delayed a planned production hike by two months, sources say. Prices also found support as U.S. crude stockpiles fell by nearly 7 million barrels last week. Crude futures sold off this week on worries supply would rise at a time when demand is softening.
Oil Rises on OPEC+ Extension of Output Cuts
Oil rose in early Asian trade, after the recent decision by OPEC+ to delay its planned production hikes, Tickmill said.
Oil settles $1 down as supply set to rise, uncertainty around Fed rate cuts
Oil prices were steady in early trading on Friday as investors weighed supply concerns in the Middle East against signs of ...
Midland Reporter-Telegram2d
Oil prices crash below $70 a barrel
Bears were unleashed on the oil markets this week as reports OPEC+ was delaying its production increase could not overcome ...
Global oil drops to low of the year as demand worries rise, Libya supply concerns ease
Oil futures fell on Tuesday, with global benchmark crude touching its lowest prices of the year as downbeat economic data ...
Wall Street Journal4d
Oil Prices Rise; Sentiment Remains Bearish Amid Demand Concerns
0100 GMT — Oil prices are higher in early Asian trade after falling ... while the prospect of easier monetary policy has failed to excite investors, they say. Front-month WTI rises 0.35% to $69.44 ...
Kremlin Oil, Gas Revenues Up by Fifth as Demand for Flows Rises
The Russian government’s revenues from taxes on oil and gas surged by a fifth in August from a year ago following soaring ...
Tourmaline Oil Corp. stock rises Friday, outperforms market
Tourmaline Oil Corp. closed C$14.07 short of its 52-week high of C$74.21, which the company achieved on November 1st.
Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out ...