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Summary U.S. consumer sentiment fell in July Producer price index rose 0.2% in June U.S. active oil rig count fell by one to 478 this week NEW YORK, July 12 (Reuters) – Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate …
Oil Prices Settle Down after Data Shows Weaker U.S. Consumer Sentiment Read More »
(Reuters) – Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, though Brent crude was still set for a weekly decline. Brent crude futures were up 52 cents, or 0.6%, to $85.92 a barrel at 1051 GMT. U.S. West Texas Intermediate crude futures were …
Storm left 85% of city without power, including mayor’s house Residents told to stay home after three deaths are reported Bloomberg The majority of Houston remained without power in Tropical Storm Beryl’s wake, and authorities warned the blackout could last days even as heat builds across the battered region. Beryl left the nation’s fourth-largest city …
Most of Houston Loses Power as Hurricane Beryl Delivers Latest Blow Read More »
(Reuters) – A double whammy of record heat and hurricanes should test U.S. refiners’ resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season, analysts said. The Atlantic hurricane season from June through November is an annual threat for U.S. refineries. Half of the country’s …
Record U.S. Summer Heat, Hurricanes Could Roil Fuel Prices as Oil Refiners Sweat Read More »
(Reuters) – Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter. A snapshot of operating factors affecting the quarter suggests earnings per share between $1.50 and $2.40, or about $8.3 billion, which is 17% below market consensus. The preview excludes …
Exxon Signals Q2 Below Market Consensus, Excluding Pioneer Buy Read More »
(Reuters) – Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April earlier in the …
Oil Settles 1% Lower as Mideast Ceasefire Talks Ease Supply Disruption Concerns Read More »
(Reuters) – Oil prices were little changed on Friday, trading near their highest since late April and on track for a fourth straight week of gains, driven by hopes of strong summer fuel demand and some supply concerns. Brent crude futures was up 11 cents, or 0.13%, at $87.54 a barrel by 0817 GMT. U.S. …
Oil Prices on Track for Fourth Straight Week of Gains Read More »
(Reuters) – U.S. crude shipments bound for Europe fell to a two-year low in June as European buyers bought cheaper regional and West African oil, traders and analysts told Reuters. Exports of U.S. crude to Europe slowed to 1.45 million barrels per day (bpd) last month, the lowest for any month since July 2022, according …
U.S. Crude Exports to Europe Hit Two-Year Low in June Read More »
(Reuters) – Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the euro zone. Brent crude futures inched up 7 cents, or 0.08%, to $86.31 per barrel at 0925 GMT. U.S. West Texas Intermediate crude futures …
Oil Prices Steady After Large U.S. Crude Inventory Draw Read More »
(Reuters) – Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent crude futures rose 70 cents, or 0.81%, to $87.30 a barrel by 1035 GMT, their highest since April 30. U.S. West Texas Intermediate (WTI) crude was …
Oil Rises to Two-Month High on Summer Demand Outlook and Supply Fears Read More »
