Oil prices fall more than 1% as Hurricane Rafael risk recedes
Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in the U.S. Gulf while investors also weighed up fresh Chinese economic stimulus.
Oil Falls as Hurricane Rafael Is Set to Weaken
Oil prices were falling in early trading as Hurricane Rafael is forecast to start weakening, easing risks to U.S. output. Brent crude was down 1.3% to $74.61 a barrel, while WTI fell 1.6% to $71.18 a barrel.
Oil Traders Hedge Against $100 Prices With US Election Underway
Oil traders snapped up bullish bets on US crude futures to protect against the chance that prices could spike toward $100 a barrel if Middle East tensions ratchet up in the days after the US election.
Oil prices fall on stronger dollar as polls start closing in US election
Oil prices fell on Wednesday as early poll results in the U.S. election showed Democrat Kamala Harris and Republican Donald Trump locked in a tight race for the presidency. U.S. West Texas Intermediate (WTI) crude lost 27 cents,
Oil prices fall after China stimulus disappoints
Oil futures fell Friday, with weakness tied in part to disappointment in China’s latest round of stimulus measures. China on Friday signed off on a $1.4 trillion plan to aid local governments. It will raise the ceiling on local government debt by 6 trillion yuan,
Oil Prices Rise Amid Middle East Tensions, Hurricane
Oil prices rose in the Asia morning session amid ongoing Middle East tensions and a hurricane approaching the U.S. Gulf Coast, Citi analysts said.
Oil prices rise as investors eye US election fallout
Oil prices rose on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.
Citi Sees Pressure on 2025 Oil Prices Under Trump
A second presidential term for Donald Trump is likely to keep oil prices under pressure in 2025 by easing regulations on U.S. producers and potentially spurring the Organization of Petroleum Exporting Countries to speed up the return of withheld output,
Oil Prices Could Sink to $60 Under Trump Presidency, Citi Warns
However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."
Crude oil prices today: WTI prices are up 0.03% today
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
Oil prices end with a modest loss as Trump’s win lifts the dollar
Oil futures turned higher in Wednesday dealings, with U.S. prices finding support after a brief drip below $70 a barrel as ...
Trump's victory may pressure oil prices through 2025, Citi says
Citi forecasted on Wednesday that U.S. President-elect Donald Trump's second term could exert downward pressure on oil ...
Oil Prices Drop After Trump Victory
Oil prices fell as Donald Trump secured the presidency. Brent, the global benchmark for crude oil, fell nearly 2% to trade a ...
U.S. completes oil-reserve purchases tied to emergency sales in 2022
The Department of Energy on Friday said it bought 2.4 million barrels of oil for the nation’s Strategic Petroleum Reserve, ...
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Oil Prices Set for Weekly Gains on Election Results
Oil prices showed weekly gains despite an initial dip after the U.S. election and news of a weakening hurricane, with Brent ...
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Three years of roaring oil prices could be coming to an end
Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three ...