Oil futures traded lower Tuesday to kick off the new year, reflecting continued worries that surging COVID-19 cases in China will crimp demand from one of the world’s largest energy Read more
Tag: Crude Oil Markets
These 20 energy stocks are worth a look if you think oil prices will soar in 2023
Harris Kupperman, the president of Praetorian Capital, made a couple of interesting calls heading into 2022. He predicted that stocks of the giant tech-oriented companies that led the bull market Read more
Oil prices move higher on hopes China will relax COVID curbs
Oil futures traded higher Tuesday, finding support on signs China might ease up on COVID-19 restrictions following a wave of protests that sent crude prices tumbling in the previous session. Read more
U.S. oil price erases 2022 gain as China protests stoke demand fears
Oil futures fell sharply Monday, with the U.S. benchmark wiping out what remained of this year’s big gain, as protests over China’s strict COVID-19 restrictions stoked worries over demand for Read more
Tesla stock at two-year low, other EV-maker shares plunge as concerns simmer about China, oil futures
Tesla Inc. shares on Monday were poised to end at a fresh two-year low, with shares of other electric-vehicle makers also underperforming the broader equity market as worries about China’s Read more
Oil prices jump after China eases some COVID-19 restrictions
Oil prices were climbing on Friday after China eased some COVID-19 restrictions, with support for the commodity also stemming from relief surrounding U.S. inflation data that weighed on the dollar. Read more
Oil prices mark first gain in 4 sessions as a modest slowdown in U.S. inflation helps weaken the dollar
Oil futures ended higher on Thursday for the first time in four sessions, as U.S. data revealed signs of easing inflation, prompting a pullback in the dollar and raising the Read more
Oil prices on track to fall for third session as traders await U.S. inventory report
Oil futures sold off again on Wednesday, on track for a third day in the red, as fears about waning demand in China continued to weigh on prices. Price action Read more
Opinion: Opinion: Biden’s energy policies make Powell’s job controlling inflation tougher
For President Joe Biden, tapping the Strategic Petroleum Reserve to lower gasoline prices RB00, -1.02% —along with pardons for federal marijuana possession convictions and forgiving student debt—was a key midterm election strategy. He Read more
Saudi Aramco reports $42 billion profit as oil prices climb
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, a 39% bump buoyed by the Read more