Oil

The football team might not currently be in the top quartile of the upper quartile, but its house is. Lucas Oil Stadium is hosting the U.S. Olympic Swimming Trials, with a pool built on the floor of the venue. Via Pat Forde of SI.com, the first day of the event set an all-time attendance record […]

By Jarrett Renshaw (Reuters) – The nation’s largest oil trade group, which includes Exxon Mobil and Chevron , will file a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, the group said. The U.S. Environmental Protection Agency issued […]

(Bloomberg) — Oil extended gains after industry data pointed to shrinking US crude stockpiles ahead of a government report. Most Read from Bloomberg Brent futures climbed toward $83 a barrel after rising almost 3% at the start of the week, while West Texas Intermediate neared $79. The American Petroleum Institute reported that US crude inventories […]

By Trixie Yap and Yuka Obayashi (Reuters) – Oil prices traded lower on Tuesday, as investors waited for key U.S. inflation data and the outcome of the Federal Reserve’s policy meeting to glean a clearer picture of where inflation is heading, and how that will affect fuel demand. Brent crude futures fell 11 cents, or […]

By Robert Harvey and Deep Kaushik Vakil LONDON (Reuters) -Oil prices edged higher on Friday as U.S. inflation data lifted expectations of a September rate cut, with the market focused on Sunday’s OPEC+ meeting that will determine the fate of the producer group’s output cuts. Brent futures for July delivery rose 12 cents, or 0.2%, […]

(Bloomberg) — Oil was steady after falling on Wednesday as traders look to US stockpile data and an OPEC+ meeting on the weekend for more clarity on the supply and demand outlook. Most Read from Bloomberg Global benchmark Brent crude traded near $83 a barrel after falling 0.7% in the previous session, while West Texas […]

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices eased on Thursday after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. Ahead of U.S. crude oil stockpiles data due later in the day, Brent futures dipped 26 cents or 0.3% to $83.34 a barrel as of 0630 […]

By Georgina McCartney and Jeslyn Lerh SINGAPORE (Reuters) – Oil prices were stable on Friday as investors considered the latest comments from the U.S. Federal Reserve on interest rates amid sticky inflation, while signs of firming seasonal U.S. fuel demand lent support. Brent crude futures rose 2 cents at $81.38 a barrel at 0315 GMT, […]

(Reuters) -Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand. Brent crude futures fell 46 cents, or 0.6%, to $81.44 a barrel at 0424 GMT. […]

(Bloomberg) — Oil extended losses after an industry report pointed to rising US crude inventories, adding to bearish signs for the market. Most Read from Bloomberg Brent fell for a third session toward $82 a barrel and West Texas Intermediate eased near $78. The American Petroleum Institute reported crude stockpiles rose by 2.5 million barrels […]


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