Oil prices higher with U.S. crude supplies down a second week

Oil prices higher with U.S. crude supplies down a second week

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 climbs as natural gas eyes highest finish in 7 weeks

Oil climbs as natural gas eyes highest finish in 7 weeks

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 fall as EIA reports a rise in weekly U.S. gasoline supplies

Oil futures fall as EIA reports a rise in weekly U.S. gasoline supplies

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…

Oil prices extend slide, erasing much of the gain seen after Russia’s invasion of Ukraine

Oil prices extend slide, erasing much of the gain seen after Russia’s invasion of Ukraine

Oil futures were under renewed pressure Thursday, extending a drop below $100 a barrel and erasing a large chunk of the gains seen in the wake of Russia‚Äôs late-February invasion of Ukraine. Price action West Texas Intermediate crude for August delivery CL.1, -3.72% CL00, -3.72% CLQ22, -3.72% fell $2.66, or 2.8%, to $93.64 a barrel…

Oil futures down sharply, with U.S. oil prices falling further below $100 a barrel

Oil futures down sharply, with U.S. oil prices falling further below $100 a barrel

Oil futures moved lower on Wednesday, with ongoing worries about a recession that would hurt energy demand prompting prices to extend a rout that drove the U.S. crude benchmark below the $100-a-barrel threshold to its lowest since April. Price action West Texas Intermediate crude for August delivery CL.1, -3.64% CL00, -3.64% CLQ22, -3.64% fell $3.05,…

Oil prices post a loss for the month, but log strong first-half gains

Oil prices post a loss for the month, but log strong first-half gains

Oil futures ended lower on Thursday and posted a loss for the month, as a weekly increase in U.S. gasoline and distillate supplies raised worries over price-related demand destruction and major oil producers pledged to boost production by 648,000 barrels a day in August, as expected. Price action West Texas Intermediate crude for August delivery…