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…
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’s 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 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 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…