Concerns of a Global Crude Oil Glut Undercut Prices
Two oil barrels on ground by Phototreat via iStock August WTI crude oil (CLQ25) on Friday closed down…
Crude Prices Jump on Speculation About New US Sanctions on Russian Oil Exports
August WTI crude oil (CLQ25) on Friday closed up +1.88 (+2.82%), and August RBOB gasoline (RBQ25) closed up…
Iran votes to close Strait of Hormuz
Iran is set to close a major oil shipping route in retaliation for “devastating” US strikes on three…
EIA raises US oil production forecast for 2025
By Arathy Somasekhar HOUSTON (Reuters) – U.S. oil production is poised to set a larger record this year…
Oil nudges higher after Russia-Ukraine tensions escalate
By Florence Tan SINGAPORE (Reuters) -Oil prices edged up on Monday after fighting between Russia and Ukraine intensified…