U.S. crude-oil futures retreated on Monday, while natural-gas prices climbed to a fresh 14-year high as fears about shortages in Europe also impacted the U.S. market. Price action West Texas Intermediate crude for September delivery CLU22, -2.36% CL.1, -2.36% was down $3.43, or 3.8%, with the front-month contract worth $87.34 per barrel on the New…
Oil futures edged higher on Tuesday, with prices looking to recoup some of their sharp losses from a day earlier tied to worries over the global economic outlook after weak economic data out of China. Price action West Texas Intermediate crude for September delivery CL.1, -1.60% CL00, -1.60% CLU22, -1.60% rose 78 cents, or 0.9%,…
Oil futures held on to small gains Wednesday after the Organization of the Petroleum Exporting Countries its allies approved a small output increase that’s seen as largely symbolic. Price action West Texas Intermediate crude for September delivery CL.1, -2.11% CL00, -2.11% CLU22, -2.11% rose 33 cents, or 0.3%, at $94.75 a barrel on the New…
Oil futures gained ground Wednesday, buoyed by U.S. government data showing weekly declines in domestic crude and product supplies. Natural-gas futures edged lower after a three-session climb on the back of recent news that Russia has moved to curb supplies of the fuel to Europe. Traders were also awaiting the outcome of a Federal Reserve…
Oil futures moved higher Tuesday, while natural gas extended its gains into a third straight session, with prices eyeing their highest finish in seven weeks after Russia said it will cut supplies to Europe. Price action West Texas Intermediate crude for September delivery CL00, +0.73% CL.1, +0.73% CLU22, +0.73% rose $1.08, or 1.1%, to $97.78…
Oil futures declined on Wednesday, pulling back following a three-session climb, after the U.S. government reported a modest weekly fall in domestic crude supplies, but said gasoline inventories climbed by more than three million barrels. Meanwhile, Russian President Vladimir Putin signaled that natural-gas flows to Europe will resume via the Nord Stream pipeline but could…