Oil hits almost 14-month high after OPEC+ extends output cuts
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await Continue Reading
WTI Closes at Highest Level Since April 2019
Oil surged to the highest in nearly two years after the OPEC+ alliance surprised traders with its decision to keep output unchanged, signaling a tighter crude market in the months Continue Reading
Covid-19 Live Updates: Daily U.S. Deaths and Cases Rise
Newly reported Covid-19 cases and deaths in the U.S. both rose from a day earlier, as public-health officials and experts warn that a recent drop in infections is showing signs of flattening. “We Continue Reading
Average USA Pump Price May Soon Top $3
A record plunge in gasoline stockpiles last week is threatening to raise pump prices across America above $3 a gallon for the first time in six years. Inventories fell by Continue Reading
Oil prices dip ahead of OPEC+ meeting
Oil prices dipped on Thursday ahead of talks between OPEC and its allies on whether to ease production cuts and after a record jump in U.S. crude oil stocks following Continue Reading
Oil Prices Get Boost from Fuel Inventory Data
Oil jumped the most in more than a week after a U.S. government report showed a record drop in domestic fuel inventories from the aftermath of a deep freeze that Continue Reading
Gasoline Heads Toward $3 in U.S. For First Time in Six Years
A record plunge in gasoline stockpiles last week is threatening to raise pump prices across America above $3 a gallon for the first time in six years. Inventories fell by 13.6 Continue Reading
Oil Prices for Mar. 03, 2021: Brent Crude, WTI
Oil climbed ahead of a crucial OPEC+ meeting, as the alliance was expected to agree a coordinated increase in output as the pandemic’s impact on the market recedes. Brent futures rose Continue Reading
Light Crude Closes Below $60
Oil tumbled below $60 a barrel in New York with the OPEC+ alliance said to be set to agree to a production increase later this week. U.S. crude futures fell Continue Reading
OPEC+ Is Set to Cool Down Oil Market With Extra Production
OPEC+ is poised to agree a production increase this week as it seeks to cool a rapid rally in crude prices. There’s a widespread view within the group that the market Continue Reading