Gasoline prices have started to hit the brakes, but it has been full steam ahead for diesel, with U.S. supplies of the fuel used in freight transportation and agriculture dropping Read more
Tag: CL00
Opinion: Why inflation will likely stay sky-high regardless of which party wins the midterms
Soaring inflation is the top issue for a lot of voters heading into the midterms, with most saying Republicans would do a better job of handling the problem. Indeed, Republican candidates are taking full advantage Read more
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas Intermediate Read more
Oil rises as dollar softens, traders eye China COVID policy
Oil futures rose Tuesday, looking to build on an October gain, as the U.S. dollar pulled back and unconfirmed rumors circulated that China may ease COVID curbs. Price action West Read more
Oil slides as China factory gauge slumps; natural-gas futures move sharply higher
Oil futures fell Monday, feeling pressure after a weak reading on China factory activity and a widening of COVID-19 curbs by the country. Previously beaten-down natural-gas futures, meanwhile, rallied by Read more
Oil slips as China expands COVID curbs, but on track for weekly gains
Oil futures fell Friday as several Chinese cities widened COVID-19 curbs, but crude remained on track for solid weekly gains. Price action West Texas Intermediate crude for December delivery CL.1, Read more
What the midterm elections could mean for the financial sector, energy and more
One poll this month found record interest in the 2022 midterm elections, which are now less than two weeks away. Analysts focused on key sectors are among those paying close Read more
Oil aims for 3-day winning streak
Oil futures ticked higher early Thursday, attempting to build a three-day winning streak. Price action West Texas Intermediate crude for December delivery CL.1, +0.28% CL00, +0.28% CLZ22, +0.28% rose 47 Read more
Oil ticks higher, shaking off industry data showing rise in U.S. crude stocks
Oil futures edged higher early Wednesday, with traders awaiting official data on U.S. crude inventories after industry figures showed a large rise. Price action West Texas Intermediate crude for December Read more
Depleting strategic oil reserves could prove ‘painful in the months to come’: Saudi energy minister
“‘It is my profound duty to make it clear to the world that losing emergency stock may become painful in the months to come.’” — Prince Abdulaziz bin Salman, Saudi Read more