U.S. crude oil rebounds more than 1% after sell-off
The American Petroleum Institute reported that U.S. crude oil stocks fell by 3.9 million barrels for the week ended July 19, according to reports.
Oil prices drop to lowest levels in more than a month
SunPower stock collapses to nearly $1 as company halts leases, installations and shipments
SunPower’s stock has fallen more than 40% this week as the company may be nearing its end as an operating business.
U.S. oil holds to gains after three weeks of crude inventory declines
U.S. oil jumped 2.6% in the previous session after crude inventories declined.
U.S. crude oil rises for third day, tops $83 per barrel after inflation eases, inventories fall
The recent oil rally has stalled out with West Texas Intermediate largely flat this week, ahead 0.38%, after booking four-straight weeks of gains.
Oil prices rise as inflation eases, bolstering market hopes for Fed rate cut later this year
The inflation and interest rate outlook is outweighing mixed oil demand signals from the IEA and OPEC.
Oil prices hold firm as OPEC sees solid demand on stronger economic growth this year
The oil market is waiting to see if U.S. inventory data will confirm expectations that the market is tightening.
U.S. oil falls for third straight day as oil infrastructure recovers from Tropical Storm Beryl
Oil infrastructure on the Gulf Coast appears to have avoided substantial damage from the storm.
BP shares drop 3% after warning of up to $2 billion impairment, weak refining margins
BP on Tuesday said it expects to post an impairment of up to $2 billion in the second quarter, also warning of lower refining margins.
U.S. crude oil prices fall nearly 1% as market tracks path of Hurricane Beryl
West Texas Intermediate is trading lower as traders monitor how Beryl will affect refining, production and export infrastructure.