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$51.20
-1.28 (-2.44%)
At Close: Jun 05, 2026
Natural Gas and Oil Forecast: Crude Stockpiles Rise, WTI Falls to $78.25; What's Next?
01:52am, Thursday, 13'th Jun 2024
Crude stockpiles surged unexpectedly, causing WTI to slip to $78.25. What does this mean for future oil and gas prices?
Oil slips on US growth worries, ample crude supply
08:50pm, Wednesday, 12'th Jun 2024
Oil prices fell in early trade on Wednesday as investors digested news that the U.S. Federal Reserve has opted against cutting interest rates in the near future, while ample U.S. crude and fuel stocks
IEA warns of 8M barrel per day oil surplus by 2030
02:45pm, Wednesday, 12'th Jun 2024
The International Energy Agency (IEA) has raised concerns about a potential oversupply in the global oil market, warning that a surge in US-led production could outstrip demand by a staggering 8 milli
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Falling Treasury Yields
01:47pm, Wednesday, 12'th Jun 2024
The bearish EIA report did not put pressure on the oil markets.
Crude Inventories Rise By 3.7 Million Barrels, Exceeding Analyst Expectations
10:59am, Wednesday, 12'th Jun 2024
Gasoline inventories increased by 2.6 million barrels from the previous week.
Crude Oil Price Forecast – Crude Oil Continues to Recover
09:34am, Wednesday, 12'th Jun 2024
The crude oil market rallied in the early hours on Wednesday, as the market continues to look for momentum to the upside. This is a market that continues to see a lot of noise, but we have been overso
Why big oil may have the upper hand in lithium tech - Lithium Royalty's Rob Weir
08:28am, Wednesday, 12'th Jun 2024
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
U.S. crude oil extends gains, trades above $78 as Department of Energy sees supply deficit
08:22am, Wednesday, 12'th Jun 2024
The Department of Energy raised its global oil demand forecast and sees a supply deficit this year. OPEC maintained robust oil demand and economic growth forecasts.
Oil prices rise after industry data shows fall in U.S. crude, gasoline inventories
07:21am, Wednesday, 12'th Jun 2024
Oil futures rose Wednesday as investors sifted through a raft of updated forecasts and awaited official data on U.S. inventories after industry figures showed a decline last week in crude stocks.
Oil's last ‘hurrah' is coming. Here's the commodity investors should be buying instead, says Citi
06:57am, Wednesday, 12'th Jun 2024
Those events “could determine the global market mood for the rest of the month, and a good part of summer,” observes Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
Crude Oil News Today: Prices Climb on Strong Short-Term Demand Projections
06:39am, Wednesday, 12'th Jun 2024
In the short term, the outlook for oil prices remains bullish, supported by strong demand projections and declining U.S. inventories.
IEA Predicts Bearish Long-Term Outlook for Oil with Surplus and Peaking Demand
05:30am, Wednesday, 12'th Jun 2024
The IEA forecasts a bearish long-term outlook for crude oil with peaking demand, significant supply surplus, and a shift to renewable energy sources.
Oil prices rise despite warnings of a "major surplus" this decade
04:20am, Wednesday, 12'th Jun 2024
Oil prices have rallied this morning despite the International Energy Agency's warning that the world will face a "major surplus" of the commodity by the end of the 2020s. Slowing demand caused by the
Big Oil given stark warning as peak crude and a major supply surplus expected by 2030
04:01am, Wednesday, 12'th Jun 2024
In its latest medium-term market report, titled Oil 2024, the IEA said oil demand growth was on track to slow down before reaching its peak near 106 million barrels per day by 2030. At the same time,
Natural Gas and Oil Forecast: Oil Prices Rise Over 0.25%; More Upside Ahead?
02:08am, Wednesday, 12'th Jun 2024
U.S. oil inventories dropped by 2.4 million barrels, boosting oil prices over 0.25%. Could this signal further gains ahead?
