WTI Eases After API Reports Surprise Build
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.165 million barrels, while analysts predicted a draw of 467,000 barrels. The build comes as Continue Reading
Gas Prices Have Fallen for 49 Straight Days, Approach $4 a Gallon
Global demand for oil has fallen in recent weeks as economic growth has slowed around the world, including in China , analysts said. Demand data and consumer surveys also suggest Continue Reading
USA Gas Prices Hit 14 Year Seasonal High
U.S. gas prices hit at a 14-year seasonal high as the country battles persistent high temperatures. U.S. gas prices hit at a 14-year seasonal high as the country battles persistent Continue Reading
Oil Dips Before OPEC+ Meets Amid Signs That Tightness Is Easing
Oil held its decline, after closing at the lowest level in more than five months, as traders counted down to an OPEC+ meeting on supply amid signs that physical markets Continue Reading
Oil slips as global demand concerns weigh, OPEC+ meeting eyed
Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide Continue Reading
Oil drops as weak China factory data fan demand concerns
Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week’s meeting of officials Continue Reading
U.S. Gasoline Prices Continue To Slide Toward $4
The national average for a gallon of gasoline in the United States fell again on Monday to $4.212, according to AAA data. U.S. gasoline prices are down 14.3 cents from Continue Reading
Oil drops as weak China factory data fan demand concerns
Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week’s meeting of officials Continue Reading
Oil Set for Weekly Gain as Tight Markets Offset Slowdown Fears
Oil headed for a weekly increase on signs of tight physical supply, but remained down this month amid persisting fears of economic slowdown. West Texas Intermediate futures rose above $98 Continue Reading
Energy Prices May Keep Inflation High for Years
Of all the drivers behind the dramatic rise in U.S. inflation in the past year, perhaps the most acute is the surge in energy prices. It may also be among Continue Reading