Tag: CL00
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Oil prices score a 4th straight weekly gain
[ad_1] Oil futures rose Friday, with U.S. and global crude benchmarks scoring a fourth straight weekly rise on expectations the second half of 2023 will see a tightening of supplies in the crude market. Price action West Texas Intermediate crude for September delivery CL00, +1.73% CL.1, +1.73% CLU23, +1.73% rose $1.42, or 1.9%, to settle…
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Oil edges higher after back-to-back declines
[ad_1] Oil futures rose Tuesday after posting back-to-session declines, with prices finding support from expectations that U.S. and global crude supplies will tighten. Traders also awaited official U.S. data on weekly petroleum supplies set for release on Wednesday. Price action West Texas Intermediate crude for August delivery CL.1, +1.75% CL00, +1.70% CLQ23, +1.75% rose $1.05,…
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Oil prices retreat after weak China data
[ad_1] Oil futures fell Monday, kicking off the week on a negative note after data on China’s economic growth fell short of expectations. Price action West Texas Intermediate crude for August delivery CL00, -1.27% CL.1, -1.27% CLQ23, -1.27% fell $1.04, or 1.4%, to $74.38 a barrel on the New York Mercantile Exchange. September Brent crude…
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Oil prices edge up to highest since April, bolstered by weaker U.S. dollar, production cuts
[ad_1] Oil prices rose slightly to reach their highest levels since April on Thursday as declining inventories and production cuts helped boost prices amid the annual summer surge in demand. Price action West Texas Intermediate crude for August delivery CLQ24, +0.39% CL00, -0.25% gained 13 cents, or 0.2%, to $75.89 per barrel on the New…
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Dow heads for first gain in four days ahead of inflation data, earnings season
[ad_1] U.S. stocks traded higher Monday afternoon, ahead of crucial inflation data and the start of second-quarter earnings season this week, as traders searched for clues to gauge the Federal Reserve’s likely interest-rate path for the second half. How stocks are trading The Dow Jones Industrial Average DJIA, +0.52% advanced 191 points, or 0.6%, to…
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Oil prices retreat after best week in 3 months
[ad_1] Oil futures inched lower on Monday after recording their largest weekly gain in three months on Friday, as traders await key supply data due out later this week. Price action West Texas Intermediate crude for August delivery CL00, +0.31% CLQ24, -0.06% shed 13 cents, or 0.2%, to trade at $73.73 a barrel on the…
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Oil prices on track for weekly gains
[ad_1] Oil futures were slightly higher Friday, on track for weekly gains after data showed further declines in U.S. crude and product inventories this week. Price action West Texas Intermediate crude for August delivery CL00, +0.06% CL.1, +0.06% CLQ23, +0.06% rose 30 cents, or 0.4%, to $72.10 a barrel on the New York Mercantile Exchange,…
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Oil prices rise on reports Saudi Arabia has said it’ll do ‘whatever necessary’ to support oil
[ad_1] Oil futures headed sharply higher on Wednesday, finding support after Saudi Arabia’s energy minister reportedly said that the kingdom will do whatever is necessary to support the oil market. The comments from Saudi Energy Minister Prince Abdulaziz at an OPEC+ seminar was reported by a number of news agencies and follows the Saudi’s announcement…
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Oil fails to hold gains scored after Saudi, Russia announced supply cuts
[ad_1] Oil futures ended lower Monday, failing to hold gains seen after Saudi Arabia announced it would extend a 1 million barrel-a-day production cut through August and Russia said it would cut exports this month by 500,000 barrels a day. Price action West Texas Intermediate crude for August delivery CL00, -0.75% CL.1, -0.75% CLQ23, -0.75%…
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Oil prices rise as EIA reports a nearly 10 million-barrel weekly drop in U.S. crude supplies
[ad_1] Oil futures headed higher on Wednesday after official data show that U.S. crude inventories fell by almost 10 million barrels last week, but domestic supplies of gasoline and distillates unexpectedly rose. Prices had posted a decline on Tuesday, giving back a modest rise that followed a short-lived weekend rebellion in Russia by the Wagner…