May WTI Crude Oil (CLK26) is down -1.62 (-1.60%), and May RBOB Gasoline (RBK26) is down -0.0787 (-2.46%) today. Crude oil and gasoline prices are sharply lower today amid growing optimism that the war in the Middle East is coming to an end. Crude oil prices remained low after EIA weekly crude oil inventories rose…
March WTI crude oil (CLH26) closed down -0.04 (-0.06%) on Friday and March RBOB gasoline (RBH26) closed down -0.0093 (-0.46%). Crude oil and gasoline prices fell on Friday amid concerns about energy demand after U.S. fourth-quarter GDP grew at a slower-than-expected pace. However, crude oil losses were limited due to a weaker dollar and geopolitical…
The Trump White House moved full speed ahead last week in redirecting Venezuelan oil exports to the United States, with President Trump even promising that this new source of oil would be “taken directly to unloading docks in the United States.” It remains to be seen whether the plan will be economical (especially if Trump’s…
Today January WTI Crude Oil (CLF26) rose +0.76 (+1.38%) and January RBOB Gasoline (RBF26) rose +0.0166 (+0.99%). Crude oil and gasoline prices are rising today amid increased geopolitical risks in Venezuela and Russia. President Trump ordered a blockade of sanctioned tankers off Venezuela, and the United States is preparing new sanctions on Russian energy exports…
China’s latest oil import data has been quite optimistic, with November imports up 5% year-on-year. Not only that, but China is building new storage capacity, so it can continue buying more crude, rather than showing that its oil demand growth is weakening, as forecasters say. China is making oil demand forecasts uncertain. FGE NexantECA, for…
January WTI Crude Oil (CLF26) closed Friday up +0.41 (+0.69%) and January RBOB Gasoline (RBF26) closed up +0.0070 (+0.38%). Crude oil and gasoline prices closed higher on Friday, with crude oil hitting a two-week high. Crude oil prices are supported by prospects for a continued war in Ukraine, which will keep sanctions on Russian energy…
January WTI Crude Oil (CLF26) closed Tuesday down -0.68 (-1.15%) and January RBOB Gasoline (RBF26) closed down -0.00386 (-2.07%). Crude oil and gasoline prices fell on Tuesday in hopes of ending the Russian-Ukrainian war as key parties exchange various peace plans. The end of the war could allow restrictions on Russian energy exports to be…
Today, January WTI Crude Oil (CLF26) rose +0.08 (+0.14%), and January RBOB Gasoline (RBF26) rose +0.0110 (+0.61%). Crude oil and gasoline prices are slightly higher today. The weakness of the dollar today is driving crude oil prices. Additionally, doubts over a deal to end the Russo-Ukrainian war have prompted some crude short coverage after European…
December WTI Crude Oil (CLZ25) today rose +0.94 (+1.56%), and December RBOB Gasoline (RBZ25) rose +0.0412 (+2.09%). Crude oil and gasoline prices have risen sharply today, with crude oil hitting a one-week high and gasoline hitting a six-week high. Today’s dollar index (DXY00) drop to a 1.5-week low is bullish for energy prices. Crude oil…
December WTI Crude Oil (CLZ25) closed up +0.33 (+0.55%) on Wednesday and December RBOB Gasoline (RBZ25) closed up +0.0273 (+1.47%). Crude oil prices rose on Wednesday amid an outlook for tighter global oil supplies. Crude oil prices rose on expectations that President Trump will comply and apply new oil sanctions on Russia to pressure Russian…
