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At Close: Jun 05, 2026

Crude Inventories Drop By 3.7 Million Barrels

10:57am, Wednesday, 07'th Aug 2024
Gasoline inventories increased by 1.3 million barrels, exceeding analyst expectations.
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending August 2, the Energy Information Administration said on Wednesday.
U.S. crude oil has risen to nearly $75 per barrel, after following equity markets lower earlier in the week on recession fears. Middle East tensions and ongoing OPEC+ production cuts are providing a f
Oil futures rose Wednesday, finding support as stock markets continued their recovery from a global rout that had served to pull down commodity prices.
Saudi Aramco reported $29.1 billion in net profit for the second quarter, a dip of 3.2% from the same period last year as production volumes remained low.
Oil prices have surged past $74, driven by escalating Middle East tensions and potential supply disruptions, impacting forecasts for oil and natural gas markets.
Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief.
Oil prices rose in early Asian trade on Tuesday, reversing the previous session's loss as concerns that an escalating Middle East conflict could hit supplies outweighed fears of a possible U.S. recess
John Kilduff, Again Capital founding partner, joins 'Power Lunch' to discuss energy earnings and the oil trade.
Oil markets pulled back as traders focused on potential demand weakness.
Mosman Oil and Gas Ltd (AIM:MSMN) told investors it has, as previously announced, increased its interest in the Vecta helium project in the USA. The company is also reviewing additional opportunities
Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the state of the energy markets, oil production outlook, impact of Middle East tensions, and more.
Amrita Sen, founder of Energy Aspects, discusses the outlook for crude as oil prices hovered at eight-month lows amid U.S. recession fears.
West Texas Intermediate has erased its gain for the year and Brent is now down for 2024. Weak economic data in the U.S. sparked a selloff in equity markets as fears grow that that a recession may be l
Oil futures were sharply lower to begin the week on Monday, pulled down by a continued rout in global equity markets sparked by fears the U.S. economy may be heading toward recession.
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