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$414.70
-24.27 (-5.53%)
At Close: Jun 05, 2026
Crude Oil News Today: Prices Pressured by Fed's Hawkish Tone, Inventory Shock
06:02am, Thursday, 23'rd May 2024
Given the Fed's indication of potential rate hikes and the unexpected rise in crude inventories, the short-term outlook for crude oil remains bearish.
India, Egypt top destinations for Russian seaborne fuel oil, VGO exports in April, LSEG data shows
05:17am, Thursday, 23'rd May 2024
India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed.
Haque: UAE, Saudi Non-Oil Growth Resilient
02:29am, Thursday, 23'rd May 2024
Khatija Haque, Emirates NBD, Chief Economist and Head of Research, discusses UAE growth for 2024. She speaks with Joumanna Bercetche and on Horizons: Middle East & Africa.
Natural Gas and Oil Forecast: WTI and Brent Down 0.20%; Time for Bullish Correction?
01:40am, Thursday, 23'rd May 2024
WTI and Brent crude prices fell 0.20%, prompting speculation about a potential bullish correction in the market.
Oil prices fall on worries of higher US interest rates
08:42pm, Wednesday, 22'nd May 2024
Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.
Citi research still expects OPEC+ to hold output cuts through 3rd qtr
05:01pm, Wednesday, 22'nd May 2024
Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday.
US lawmakers urge Justice Department to probe climate deception by Big Oil
02:18pm, Wednesday, 22'nd May 2024
U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate whether the industry deceived the public about fossil fuels' impact on c
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back After EIA Report
02:08pm, Wednesday, 22'nd May 2024
Oil markets are moving lower amid demand worries.
Copper Rallies, Crude Oil Remains Below $80
12:13pm, Wednesday, 22'nd May 2024
Futures are lower after new record highs on Tuesday. Jake Hanley discusses this and explains the copper rally.
Crude Inventories Rise By 1.8 Million Barrels, Exceeding Analyst Expectations
10:53am, Wednesday, 22'nd May 2024
Gasoline inventories declined by 0.9 million barrels.
Crude Oil Price Forecast – Crude Testing The Low End of The Range
09:54am, Wednesday, 22'nd May 2024
The crude oil market has fallen a bit in the overnight trading session, as the crude oil build was higher than expected in the United States.
Oil prices extend losing streak, on pace for third daily decline
09:29am, Wednesday, 22'nd May 2024
U.S. crude oil and global benchmark Brent are down more than 2% for the week.
Oil prices on track for 3-day losing streak as traders eye rising inventories
06:52am, Wednesday, 22'nd May 2024
Oil futures fell early Wednesday, on track for a three-day losing streak, after industry data showing a rise in U.S. crude and gasoline inventories amplified worries over the outlook for demand.
Crude Oil News Today: Fed Rate Concerns, Rising US Inventories Weigh on Prices
06:35am, Wednesday, 22'nd May 2024
Rising inventories, weak global demand, and the Fed's higher rates stance signal a bearish short-term outlook for crude oil prices.
Natural Gas and Oil Forecast: Energy Slips 0.25%, Inventory Build Raises Concerns
01:31am, Wednesday, 22'nd May 2024
Oil prices dropped 0.25% amid an unexpected inventory build, sparking concerns over demand and high interest rates impacting the energy market.
