Oil prices surge

U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.
Oil prices edge up as U.S. crude supplies fall, gasoline stocks climb
Oil futures edged a bit higher on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh strai
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures.Also supporting prices was an unexpected increase in U.
Oil rises on tighter OPEC supply, US jobs data
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. job openings pointed to expanding economic activity and consequent growth in oil demand.
Oil prices tick up after industry data shows fall in U.S. crude inventories
Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an industry report was said to show a large drop in crude stocks but significant increases in gasoline and distillates.
US oil futures rise after API reports much larger drop in US crude stocks
U.S. crude oil futures inched higher in post-settlement trading Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stockpiles. Crude Oil WTI Futures,
Oil trims gains on dollar strength, tight supplies provide support
Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...
Crude oil futures rise amid inventory decline in the US
Crude oil futures rise as US inventories decline, OPEC production drops, and China bans US-sanctioned tankers.
Russia Says It Cut Crude Oil Output Below OPEC+ Target in December
Russia’s own data show its crude production in December fell below its OPEC+ target, according to people familiar with ...
Asia's crude oil imports drop in 2024 as weak China weighs
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China ...
Oil ends lower as signs of strong demand for Mideast crude fail to feed recent rally
Oil futures rose Monday, looking to build on recent strength that saw crude end at nearly three-month highs last week, ...
Land on rent, high walls & tunnels – how a Rajasthan gang ‘stole’ crude oil from Indian Oil Corporation
Leased land, high-security walls and 100-metre-long tunnels. That’s how a gang had allegedly been stealing crude oil from an ...
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination
Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between ...
Crude Oil Prices2d
Venezuela Sees Jump in Oil Exports
Much of Venezuela’s success stems from Washington's leniency under President Biden, who issued individual licenses that ...
Brent oil market structure tightens on supply concerns
The structure of the benchmark Brent crude oil futures market on Wednesday reached its widest since August 2024, reflecting concern of tightening supply and expectations of a revival in Chinese demand ...