Crude Prices Tumble as Weekly EIA Oil and Gasoline Inventories Jump
WTI crude oil (CLH25) today is down -1.49 (-2.05%), and March RBOB gasoline (RBH25) is down -0.0519 (-2.47%). Crude oil and gasoline prices are sliding today on concern that the impact of the US-China trade war will derail global growth and energy demand.
Crude oil futures head for third weekly decline
Crude oil futures decline as Trump plans to boost US production, while zinc and castorseed contracts show mixed trends.
Oil prices set for 3rd straight weekly fall on tariff concerns
Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries.
Oil prices head for third straight weekly fall amid tariff fears, U.S. supplies
Oil futures bounced Friday from 2025 lows, but were on track for a third straight weekly fall amid rising U.S. inventories and worries that higher U.S. tariffs on China will dent growth and crude demand.
Oil Rig Count Rises; Crude Prices Headed for Third Straight Weekly Drop
The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last week,
Oil set for third straight weekly decline amid tariff concerns
Oil prices moved up on Friday after new sanctions were imposed on Iran's crude exports but were hurt by U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries.
Commodity Roundup: Oil prices face third-straight weekly fall as U.S. tariffs add to souring energy outlook
Oil prices were on course for a third-straightly weekly fall on Friday as President Donald Trump's new tariff policies leave markets uncertain. The opening salvo in the United States trade tariffs saw mixed oil price gainsinitially,
Oil prices inch up, but third weekly loss looms amid trade war fears
Oil prices rose marginally in Asian trade on Friday but were on track for a third straight week of decline, hurt by US President Donald Trump’s renewed trade war on China and threats of tariff hikes on other countries.
US oil production falls in November from record high in October, EIA says
U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high ...
Crude Oil Prices4d
OPEC Drops U.S. EIA as a Secondary Source Assessing Oil Production
OPEC has dropped the U.S. Energy Information Administration from its list of secondary sources used to monitor crude oil ...
Opec drops US Energy Information Administration as data monitor
Opec will stop using the US Energy Information Administration (EIA) to independently monitor its members’ production levels, ...
Oil2d
EIA: US crude inventories up 8.7 million bbl
US crude oil inventories for the week ended Jan. 31 increased by 8.7 million bbl from the previous week, according to data from the US EIA.
Crude Oil Prices2d
Large Unexpected Crude Build Sinks Oil Prices
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
U.S. November Oil Production Drops To Year-Ago Level
Wyoming’s oil production has been rebounding since March 2023. However, the rebound was impacted by the January 2024 storm.
Grist on MSN7d
Trump wants more drilling, but the oil market is already saturated
Oil companies cheered Trump’s recent calls for a more streamlined process and a series of energy-related executive orders he ...
Rigzone12h
USA Crude Oil Inventories Rise by Almost 9MM Barrels WoW
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 8.7 million ...
FXEmpire.com9d
EIA Natural Gas Storage Draw Of -40 Bcf Misses Expectations
Today, traders also had a chance to take a look at the EIA Weekly Petroleum ... barrels as U.S. continued to buy oil for strategic reserves. Domestic production decreased from 13.573 million ...
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.