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$165.99
-5.03 (-2.94%)
At Close: Jun 05, 2026
Nigeria could sign off on Exxon oil asset sale to Seplat within weeks - NUPRC
08:46am, Thursday, 02'nd May 2024
The sale of ExxonMobil's Nigerian petroleum assets to Seplat could be approved in less than two weeks, Nigeria's oil regulator told Reuters on Thursday.
U.S. crude oil bounces after hitting seven-week low on surging U.S. inventories
07:43am, Thursday, 02'nd May 2024
Oil prices are under pressure from rising inventories, softening demand and higher for longer interest rates.
Oil prices bounce after crude sees biggest drop since early January
06:52am, Thursday, 02'nd May 2024
Oil futures rose early Thursday, attempting to bounce back a day after data showing a jump in U.S. crude inventories sparked the steepest one-day selloff since early January.
OPEC+ could extend oil cuts, formal talks yet to start, sources say
06:42am, Thursday, 02'nd May 2024
OPEC and its allies have yet to begin formal talks on extending 2.2 million barrels per day of voluntary oil output cuts beyond June, but three sources from OPEC+ producers who have reduced production
Crude Oil News Today: Prices Jump on US Strategic Reserve Replenishment Plans
06:04am, Thursday, 02'nd May 2024
Oil rebounds from losses, buoyed by U.S. reserve plans amid steady rates and Middle East ceasefire hopes.
Oil giant Shell beats first-quarter profit estimates despite weaker gas prices
02:07am, Thursday, 02'nd May 2024
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, despite a sharp downturn in natural gas prices in Europe.
Natural Gas and Oil Forecast: USOIL Eyes $80 Amid Potential Bullish Reversal
01:46am, Thursday, 02'nd May 2024
With USOIL trading above its pivot point at $80, analysts eye potential upward trends against a backdrop of strategic reserve replenishments
Oil prices pick up on prospect of US replenishing strategic reserve
09:01pm, Wednesday, 01'st May 2024
Oil prices rose on Thursday on the prospect the U.S. may start buying crude for its petroleum reserve, after prices sank to a seven-week low on hopes for an Israel-Gaza ceasefire, doubts about U.S. in
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 2.9% As Crude Inventories Rise
01:24pm, Wednesday, 01'st May 2024
Crude inventories increased by 7.3 million barrels, compared to analyst consensus of -2.3 million barrels.
U.S. Crude Oil Inventories Post Big Build Amid Lower Refinery Runs
11:11am, Wednesday, 01'st May 2024
Commercial crude oil stockpiles rose by 7.3 million barrels last week, after analysts had predicted a 1.5 million barrel decrease.
U.S. crude oil falls for third day, dips below $81 ahead of Fed decision, Gaza cease-fire talks
09:25am, Wednesday, 01'st May 2024
A raft of data has demonstrated that inflation is proving stubborn, consumer confidence is falling, and the U.S. economy is growing more slowly than expected.
Oil prices fall after industry data points to rise in U.S. crude inventories
06:52am, Wednesday, 01'st May 2024
Oil futures were down for a third straight day early Wednesday after industry data pointed to an unexpected rise in U.S. crude inventories and investors continued to monitor negotiations for a cease-f
Crude Oil News Today: Ceasefire Talks, Rising US Inventories Weigh on Prices
06:51am, Wednesday, 01'st May 2024
Multiple geopolitical and economic factors are contributing to the bearish sentiment in the oil market.
Canada's long-delayed Trans Mountain oil pipeline set to start operations
06:07am, Wednesday, 01'st May 2024
After 12 years and C$34 billion ($24.7 billion), Canada's Trans Mountain pipeline expansion project (TMX) is set to start shipping oil on Wednesday, a major milestone expected to transform access to g
Natural Gas and Oil Forecast: US Output Surge Pressures Prices; Sell Now?
02:07am, Wednesday, 01'st May 2024
Amid Middle East ceasefire optimism and a surge in U.S. production, oil prices continue their downward trend, challenging market stability.
