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 over 2% on receding US hurricane risk, lackluster China stimulus
NEW YORK (Reuters) -Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.
Aramco profits fall on tumbling oil prices
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last year as low oil prices ate into its revenues. Aramco, formally known as the Saudi Arabian Oil Co.
Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.
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 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.
Oil Falls on China Concerns, Fading Hurricane Threats
Oil prices extend losses in late afternoon trade in Europe, with both benchmarks falling more than 2.5% after China held off on new fiscal stimulus and fears over U.S. supply disruptions due to Hurricane Rafael eased.
Oil Rig Count Holds Steady as Crude Prices Fall
The number of oil rigs in the US held steady in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The counts for oil, gas, and miscellaneous rigs were unchanged at 479,
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,
Crude Oil Tumbles on Disappointment About Chinese Stimulus Measures
December WTI crude oil (CLZ24) today is down -2.14 (-2.96%), and December RBOB gasoline (RBZ24) is down -0.0459 (-2.24%). Crude oil and gasoline prices today are under pressure after Chinese stimulus measures were seen as underwhelming,
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 ...
7 Best Oil and Gas Stocks to Buy in 2024
SLB shares closed at $43.24 on Nov. 7, meaning there could be room for growth even at the low end of the analyst estimates.
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, ...
Lower oil prices drag UAE markets down
Stock markets in the United Arab Emirates closed lower on Friday, driven by a drop in oil prices on subsiding risks of the ...
Crude Oil Prices19h
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 ...
What A Trump Presidency Means For Oil And Gas Markets
Energy markets are trying to digest what a Trump presidency means for oil & gas prices. The policies are expected to be ...
cbc.ca on MSN3d
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 ...
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 ...