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At Close: Jun 08, 2026
Oil rises on U.S. crude storage draw, Fed rate cut hopes
08:53pm, Wednesday, 08'th May 2024
Oil prices rose in early trade on Thursday as shrinking U.S. crude inventories signalled tighter supply, and amid rising hopes that the Federal Reserve would cut interest rates by the end of the year.
Goldman Sachs sees OPEC+ unlikely to raise production at June meeting
05:10pm, Wednesday, 08'th May 2024
Goldman Sachs on Wednesday said they no longer expect OPEC+ to announce a partial unwind of voluntary production cuts in June.
Russia cuts oil production by less than agreed last month, Bloomberg says
03:19pm, Wednesday, 08'th May 2024
Russia cut its crude oil production by less than pledged last month, exceeding a target agreed on in March with the Organization of Petroleum Exporting Countries (OPEC), Bloomberg news reported, citin
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Crude Inventories Decline
02:19pm, Wednesday, 08'th May 2024
Oil prices moved away from multi-week lows.
The Oil Market was a Victim of its Own Success
12:49pm, Wednesday, 08'th May 2024
The oil market was a victim of its own success, notes Carley Garner. She and Robert Yawger discuss crude oil (/CL).
The Oil Market Doesn't Seem Worried About Middle East Tensions. Here's Why.
09:46am, Wednesday, 08'th May 2024
Ceasefire negotiations between Israel and Hamas are continuing in Qatar, brokered by CIA Director William Burns.
Oil prices fall more than 1% as market softens on rising inventories
08:22am, Wednesday, 08'th May 2024
Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.
Oil prices slump after industry data shows rise in U.S. crude inventories
07:45am, Wednesday, 08'th May 2024
Oil futures were lower Wednesday morning, losing ground after industry data showed a rise in U.S. crude and product inventories, underlining concerns around the outlook for domestic demand.
Crude Oil News Today: Prices Slide as US Stockpiles Grow
06:38am, Wednesday, 08'th May 2024
The outlook for the oil market in the short term appears bearish, influenced by high inventory levels and downward adjustments in demand projections.
TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf
06:02am, Wednesday, 08'th May 2024
TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it star
Morning Bid: Stocks buoyant as Sweden cuts, oil skids
06:02am, Wednesday, 08'th May 2024
A look at the day ahead in U.S. and global markets from Mike Dolan
Biggest contributor to the non-oil sector is tourism, Saudi Tourism Authority CEO says
05:30am, Wednesday, 08'th May 2024
Fahd Hamidaddin, CEO of the Saudi Tourism Authority, says "when we say that tourism is the new oil, it's a reality."
Natural Gas and Oil Forecast: Brent Drops to $82.66, WTI at $77.95 – What's Next?
01:51am, Wednesday, 08'th May 2024
With Brent and WTI experiencing notable declines to $82.66 and $77.95 respectively, investors watch closely for OPEC+'s next move in production policy.
BP softens tone on 2030 oil output cut to reassure investors
01:13am, Wednesday, 08'th May 2024
BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals.
Norway oil workers agree to wage deal, averting strike
12:32am, Wednesday, 08'th May 2024
Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year that could have hit s
