Why Oil Prices Have Been Rising Recently - The New York Times
WEBApr 9, 2024 · Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices...
Oil up on OPEC+ meeting, summer driving season and weaker US …
WEBMay 28, 2024 · Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer driving season and a...
Why oil prices are on their strongest run since before Russia
WEBJul 28, 2023 · Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of Ukraine...
Oil prices rise on fuel demand expectations, easing US dollar
WEBJun 24, 2024 · Oil prices rose about 1% on Monday, spurred by the prospect of strong summer driving demand and as tensions in the Middle East and drone attacks on Russian refineries led to concerns about...
Oil prices up, hit nearly 3-month high as US inflation eases
WEBJul 13, 2023 · Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the world's biggest economy were close to their peak.
Latest Oil Prices, Market News and Analysis for June 20 - Bloomberg
WEBJune 20, 2024 at 12:16 PM PDT. Listen. 1:39. Oil rose as a drawdown in US crude inventories extended a rally that has been supported by a hot streak for equity markets. West Texas Intermediate ...
Oil prices rise 1%, on pace for monthly gain as Israel-Lebanon …
WEB6 days ago · Here are Monday’s closing energy prices: West Texas Intermediate August contract: $81.63 per barrel, up 90 cents, or 1.11%. Year to date, U.S. oil is up 13.9%. Brent August contract: $86.01 per ...
EIA forecasts crude oil prices will increase through 2024 as …
WEBJul 19, 2023 · We forecast higher crude oil prices in the second half of 2023 and into 2024 in our latest Short-Term Energy Outlook (STEO) because of moderate but persistent inventory drawdowns. Inventory drawdowns take place when demand for a commodity is greater than the supply of that commodity.
Oil prices have risen. That's making gas more expensive for US …
WEBSep 25, 2023 · Average U.S. pump prices are still well below the record $5 per gallon seen in summer 2022. But at $3.85 per gallon, they’re still up 15 cents from a year ago. Oil costs are keeping gas prices high even as driving demand drops with the end of summer vacations and plentiful gasoline stocks, according to auto club AAA.
U.S. crude oil rallies more than 2% to top $80 per barrel, adding to ...
WEBJun 17, 2024 · Traders are sifting through the implications the latest economic data out of China for its impact on demand.
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