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Oil, Colder Weather
Oil prices jump 3% on cold weather, supply concerns
Oil futures rose sharply early Friday, trading at their highest since October with support tied to cold weather in the U.S. and elsewhere and supply concerns.
Crude prices jump more than 3% on concerns over more US sanctions on Russia
The document, purported to be from the U.S. Treasury, was being circulated among traders in Europe and Asia. Reuters could not verify the veracity of the document
Oil Set for Weekly Gains Amid Colder Weather, Supply Worries
Oil rose in early trade and are on track for modest weekly gains, as colder weather in parts of the U.S. and Europe boosts expectations of stronger heating fuel demand.
U.S. Crude Oil Stockpiles Extend Decline to 7 Weeks
Oil prices extend losses on rising U.S. fuel inventories
Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline.
Oil Prices Extend Gains for the Third Week in a Row
Colder weather than expected is driving up global oil demand for heating purposes, leading to a rise in oil prices for the third consecutive week.
U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.
1h
US Oil Production Will Disappoint Again In 2025
Until we see robust economic growth return that allows the unwinding of OPEC+ cuts in a manner that does not impact balances, ...
1d
on MSN
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 ...
19h
Oil Price Update - Will Brent Break $80? Winter Demand, Offshore Drilling, And Technicals In Focus
Oil prices have started 2025 strong, defying expectations of a downturn fueled by worries about slowing demand. Click to read ...
1d
Oil prices down on US fuel stocks build, dollar strength
Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured ...
1d
on MSN
Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil has warned that lower oil prices and a squeeze on refinery margins will hurt its fourth-quarter earnings. Exxon ...
2d
on MSN
ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
ExxonMobil said it expects to take an up to $900 million hit to its upstream earnings in the fourth quarter versus the ...
1d
on MSN
Oil prices little changed as markets weigh demand against US inventories
Oil prices were little changed on Thursday, with investors weighing firm winter fuel demand expectations against large builds ...
2d
on MSN
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination
Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between ...
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