Here is a look at what happened in oil markets in the week of Feb. 3-7 and what the focus will be in the days to come.

ASX 40 points off record; oil approaches year’s low; News Corp rallies; PEXA tumbles; Magellan FUM flat; REA CEO retires; Alphabet scraps diversity goals.

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.

Wednesday closed down -1.67 (-2.30%), and March RBOB gasoline (RBH25) closed down -0.0483 (-2.30%). Crude oil and gasoline ...

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 ...

Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...

Wyoming’s oil production has been rebounding since March 2023. However, the rebound was impacted by the January 2024 storm.

Joe Biden entered the Oval Office four years ago vowing to make life miserable for America’s traditional energy producers. Four years later, Donald Trump returns to the White House with a markedly ...

But according to an MIT report, “The Energy Information Administration says half of the federal money spent to subsidize energy from 2016 to 2022 went to renewables, while less than 15% went to oil, ...

Copyright 2025 The Associated Press. All Rights Reserved. President Donald Trump holds up a signed executive order aiming to ...

President Donald Trump's return to office could bring some temporary relief to the beleaguered U.S. coal industry.

After US oil production hit a record high last year, the Energy Information Administration expects ... the best locations have been tapped after more than a decade of breakneck exploration across ...