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.

Despite Trump’s push for increased oil production, U.S. energy companies remain cautious, waiting for higher prices.

"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.

Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on ...

Oil companies cheered Trump’s recent calls for a more streamlined process and a series of energy-related executive orders he ...

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, ...