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U.S. natural gas futures rose 5% on Tuesday, extending gains to an eight-month high, as traders bet on another round of cold weather in December and firmer power demand, even as temperatures are expected to moderate next week. Front-month gas futures for December delivery on the New York Mercantile Exchange was up 21.7 cents, or …
By Erwin Seba US crude stocks rose more than expected last week Private reports suggest US labor market weakened in October Gunvor withdraws proposal to buy Lukoil’s overseas assets HOUSTON, Nov 7 (Reuters) – Crude prices fell off session highs as demand for jet fuel turned soft ahead of the holiday travel season because the …
Crude Off Session Highs; Canceled US Flights Rein in Jet Fuel Read More »
By Scott Disavino Rig count still 6% below last year, despite recent increase Gas rigs reach highest level since August 2023 EIA projects rise in crude and gas output in 2025 NEW YORK, Nov 7 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, …
US Drillers Add Oil and Gas Rigs for Third Time in Four Weeks, Says Baker Hughes Read More »
(Reuters) – Oil prices regained a little ground on Thursday, buoyed by easing concerns over a potential supply glut as sanctions on Russian companies begin to bite. Having closed the previous session at two-week lows, Brent crude futures gained 35 cents, or 0.6%, to $63.87 a barrel by 1120 GMT while U.S. West Texas Intermediate …
Oil Edges Up as Glut Fears Ease Despite Weak Demand Read More »
Summary Brent, WTI set to fall about 3.5% in October OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say Saudi prices for Asian buyers might fall in Dec. -sources China factory activity shrinks for seventh month, PMI shows (Reuters) – Oil prices were heading for a third consecutive monthly decline, slipping on …
Oil Heads for Third Monthly Decline as Dollar, OPEC+ Supply Weigh Read More »
Summary API data shows stock build last week Demand-side pessimism eases, though caution lingers U.S. EIA weekly inventory report due today (Reuters) – Oil prices fell on Wednesday as traders eyed a potential jump in U.S. crude inventories, while OPEC lowered its oil supply growth forecast for producers outside OPEC+. Brent crude futures fell 75 …
Oil Falls Over 1% as Investors Assess Russia Sanctions, OPEC+ Output Plans Read More »
Summary Brent, WTI both headed for 7% weekly gain US sanctions on two Russian oil companies raise supply concerns Chinese state oil majors to suspend Russian oil purchases Indian refiners set to cut their Russian crude imports (Reuters) – Oil prices edged up on Friday, extending the previous day’s surge and on track for a …
Oil Climbs for Second Day on Supply Fears Due to US sanctions on Russian Companies Read More »
Summary Oil prices set for weekly loss, IEA forecasts rising glut Trump and Putin plan summit on Ukraine, cease-fire halts fighting in Gaza Concerns mount over economic slowdown, lower energy demand (Reuters) – Oil prices managed small gains on Friday but still were part of a weekly loss of nearly 3% after the IEA forecast …
Oil Posts Weekly Loss on Uncertainty Over Global Supply Outlook Read More »
(Reuters) – Oil prices edged lower on Friday, heading for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine. Brent crude futures were down 15 cents, or 0.25%, at $60.91 a barrel at 1140 …
Oil Set for Weekly Loss on Uncertainty Over Global Supply Outlook Read More »
Summary Trump said India will halt Russian oil purchases India said its goals are to ensure stable energy prices, secure supply Bessent told Japan Finance Minister that US expects Japan to stop importing Russian energy The UK announced new sanctions targeting Russian oil (Reuters) – Oil prices were stable on Thursday as market traders prepared …
Oil Steady as Traders Ready for Possible Indian Halt of Russia Imports Read More »
