Crude Rallies as EIA Inventories Fall to a 2-3/4 Year Low
WTI crude oil (CLG25) today is up +1.97 (+2.54%), and February RBOB gasoline (RBG25) is up +0.0605 (+2.87%). Crude and gasoline prices are rallying today, with crude posting a 5-month high and gasoline climbing to a 3-1/4 month high.
US Crude oil stocks excluding SPR fall to 2-year low, EIA says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.
EIA lifts natural-gas price forecast, expects global oil supply surplus this year
The Energy Information Administration lifted its U.S. natural-gas price forecast for this year with growth in demand, led by liquified natural gas exports, expected to outpace production growth, according to a monthly report released Tuesday.
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.
Low Oil Stocks at Cushing, Okla. Have Outsized Influence on Near-Term Crude Prices
Further near-term declines in Cushing stocks would likely put more upward pressure on crude spread — the difference between ...
Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions
Prices surged after the administration imposed what officials called "most significant sanctions yet on Russia's energy ...
Crude Oil Prices Up 6% In A Week, U.S. Maintains Russian Sanctions Won’t Hit Prices
The crude oil market is on the boil again with prices surging 6% in the past one week in anticipation of the U.S. sanctions ...
Crude Oil Prices2d
Oil Prices Jump to 4-Month High on Fresh U.S. Sanctions
New US sanctions targeting Russia's oil industry, including Gazprom and the "shadow fleet", have pushed oil prices higher and ...
Oil prices slip on US energy demand forecast
Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its ...
Global Monthly Crude Oil Production Peaked In 2018, Yet Institutions Are Forecasting A Glut
A warning of potential supply constraints in oil production, impacting prices and investments despite institutional forecasts ...
Crude Oil Prices9h
Oil Rises as Crude Inventories Continue to Draw
Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year.
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since ...
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude ...
Oil rises on large draw from US crude stocks, Russia sanctions impact; Gaza ceasefire deal capped gains
Oil prices rose about 2% on Wednesday on a large draw in U.S. crude stockpiles and potential supply disruptions from new U.S.