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Crude oil fell below $103 per barrel as the US administration eased concerns over Saudi supply disruptions, stating the damaged East-West pipeline should resume shortly. Meanwhile, US commercial crud…
US natural gas futures rose 1.79% on Wednesday, buoyed by late-summer heat forecasts, robust electricity demand, and expectations for a smaller storage build. Geopolitical supply tensions lifting Eur…
US crude oil inventories dropped by 4.5 million barrels according to EIA data, alongside a 1.2 million barrel decline in gasoline stockpiles. Despite the significant inventory draw, crude prices dipp…
WTI crude settled mixed but fell slightly to a 1.5-week low, pressured by easing Middle East tensions and discussions to resume shipping through the Strait of Hormuz. However, a bullish EIA report sh…
WTI crude oil prices fell to a 1.5-week low on easing Middle East supply concerns, despite a bullish EIA report. Discussions between Iran and Oman to resume shipping through the Strait of Hormuz and …
U.S. crude oil inventories increased by 100,000 barrels last week while total product demand fell 3.0% year-over-year, pressuring WTI and Brent crude prices lower.
U.S. crude inventories jumped by 4.4 million barrels according to EIA data, sharply contrasting with API's estimated draw. Gasoline stockpiles also climbed, while total product demand fell 2.9% year-…