U.S. crude oil heads for weekly loss as Saudi supplies look set to return
Prices have fallen even as conflict in the Middle East escalates, with Israel and Hezbollah trading blows in Lebanon.
Prices have fallen even as conflict in the Middle East escalates, with Israel and Hezbollah trading blows in Lebanon.
Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom’s thinking told The Financial Times
The S&P 500 is looking for its third straight record close.
The Organization of the Petroleum Exporting Countries, OPEC, published its World Oil Outlook for 2024, with optimistic forecasts for robust oil demand growth.
The U.S. benchmark has now recouped most of its losses for the year.
The U.S. benchmark is down more than 13% in the third quarter, while global benchmark Brent has fallen more than 15%.
One firefighter was injured near the fire as first responders worked to gain control of the blaze in Deer Park, Texas, officials said.
U.S. crude oil is down more than 13% this quarter, while Brent has fallen nearly 16% as demand slows in China.
UBS expects oil prices will continue to rise, at least the short term.
Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth’s surface.