U.S. crude oil hits two-month high, tops $84 per barrel amid war and hurricane fears
Gasoline prices have hit a $3.50 per gallon average ahead of the Fourth of July holiday as oil extends its rally.
U.S. crude oil rises, tops $82 per barrel ahead of Fourth of July holiday
Though oil prices have risen, the average price of a gallon of gasoline stands at $3.49 nationwide, down about 5 cents from last month.
June 2024
U.S. oil trades near two-month high, heads for third-straight weekly gain on Israel-Hezbollah war fears
The Pentagon has moved military assets closer to Lebanon to prepare for evacuating Americans, defense officials told NBC News.
U.S. needs major nuclear expansion to meet rising electricity demand, Southern Company CEO says
The U.S. needs to install more than 10 gigawatts of new nuclear power, said Chris Womack.
Oil prices hold firm as Israel-Lebanon tensions overshadow soft U.S. demand
There are renewed fears that an Israel offensive into Lebanon to push back Hezbollah from the border could spark a direct confrontation with OPEC member Iran.
Oil bounces back as investors hope U.S. inventory data will point to stronger summer fuel demand
The Department of Energy will release the latest inventory data at 10:30 am.
Oil prices fall as rally takes a pause while traders watch Middle East tensions, summer demand
West Texas Intermediate and Brent are ahead by about 5% for the month.
Oil prices start last week of June little changed, on pace for monthly gain
West Texas Intermediate and Brent are on pace for a monthly gain of 5.21% and 4.7%, respectively.
U.S. crude oil on pace for second weekly gain as gasoline demand surges
Gasoline demand last week surged to the highest level for that period since the pandemic ended, according to JPMorgan.
U.S. crude oil holds above $81 per barrel, on pace for second weekly gain in a row
JPMorgan is forecasting Brent will hit $90 by September on summer fuel demand.