Yahoo Finance (Bloomberg) — Oil resumed its breakneck rally on Thursday after Russia banned gasoline and diesel exports, further tightening an already stressed global fuel market. The measures, designed to stabilize Russia’s domestic fuel prices, will remove supplies from the global diesel market at a time when refiners are struggling to meet demand. So far this year, Russia was the world’s
BOE Report Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 59 cents, or 0.8%, to $76.45 a barrel by 0420 GMT, while U.S. West Texas Intermediate crude climbed 48 cents, or 0.7%, to $72.34. “I think markets
Nasdaq SINGAPORE – Oil prices rebounded in Asian trade on Thursday after slumping to their lowest level this year in the previous session, though concerns of economic slowdowns weakening fuel demand continued to cap gains. Brent crude futures LCOc1 were up 70 cents or 0.9% at $77.87 per barrel by 0500 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 74
World Oil (Bloomberg) — Oil rebounded from an eight-month low as the market shrugged off a U.S. report showing swelling crude stockpiles and slumping demand. West Texas Intermediate advanced 2% in a move traders characterized as a technical correction following crude’s descent into oversold territory. The jump came even as US oil inventories rose 8.85 million barrels last week
CNBC Oil prices opened slightly higher on Tuesday, after falling sharply the prior session on worries that continued Covid-19 lockdowns in China would eat into demand and as the U.S. dollar rose to a two-year high. Brent crude futures were at $103.14, up 80 cents, or 0.8% and U.S. West Texas Intermediate contracts climbed to $99.42, up 88 cents, or 0.9%. Both contracts
CNBC Oil prices jumped by more than $4 on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks. Brent crude futures were up $4.09, or 3.7%, at $114.32, reversing a 2% loss in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose $4.17, or 4%, to
Reuters BENGALURU (Jan 24): Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield service company to lift its dividend following a rebound in crude and natural gas prices. US oil prices rose more than 50% last year and have made a strong start to 2022, hovering around US$85
Reuters NEW YORK – Crude oil futures rebounded on Tuesday as market participants vied to take advantage of oil’s two-month low hit in the previous session. Monday’s selloff, spurred by demand destruction fears amid rising COVID-19 cases, pushed oil about 7% lower and hit other riskier assets. While equities avoided a new selloff on Tuesday, U.S. Treasury and German bond
Reuters LONDON – Oil prices rose on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike. Brent LCOc1 was up $1.81, or 4.6%, to $41.08 a barrel by 1337 GMT. U.S. West Texas
Houston Chronicle Oil rebounded after plunging to the lowest level in 18 years as policy makers across the globe try to strengthen economies against the impact of the coronavirus pandemic. Futures rose as much as 18% in New York, the most since December 2008, following a 24% rout in the previous session. Prices have cratered over the past two weeks
Houston Chronicle Oil rebounded from its worst loss since 1991 on speculation that potential U.S. tax cuts may shield the market against the coronavirus and a price feud between major producers. Futures climbed 10% in New York, advancing in tandem with equities after President Donald Trump said his administration will discuss a possible payroll tax cut with Congress. Prices mostly
Oil & Gas 360® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc. The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
© 2024 Oil & Gas 360®. All Rights Reserved.
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
