Oil prices extend losing streak, on pace for third daily decline
U.S. crude oil and global benchmark Brent are down more than 2% for the week.
Biden to sell 1 million barrels of gasoline to reduce prices at the pump ahead of July 4
The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices ahead of the July 4 holiday.
Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics
Donald Trump’s potential choice to be his running mate is closely tied to the oil and gas business.
Oil prices drift lower but remain stuck in narrow range as market struggles to find catalysts
U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs.
Exxon faces opposition from CalPERS after ‘devastating’ anti-ESG activist suit
CalPERS is withholding its support for Exxon CEO Darren Woods after the company sued environmentally focused activist investors.
Oil little changed after Iran’s president and foreign minister die in helicopter crash
Ebrahim Raisi, president of OPEC’s third-largest producer, died in a helicopter accident.
Oil prices hold firm as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.
Oil prices slip as International Energy Agency cuts demand growth forecast
World oil demand is forecast to grow by 1.1 million barrels per day this year, down 140,000 bpd from last month’s projection.
Oil prices fall more than 1% as market softens on rising inventories
Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.
Oil falls as course of Gaza war remains uncertain, while cease-fire talks hang in the balance
Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.