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US gasoline futures rose to around $3.36 per gallon, remaining close to a seven-week high, as investors continued to assess mounting supply disruptions. The shutdown of Saudi Arabia’s East-West oil pipeline is adding to supply concerns, as attacks on energy infrastructure and disruptions to tanker traffic around the St
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks ended the week lower despite a Friday rebound, as surging oil prices, rising Treasury yields and growing expectations for a Federal Reserve rate hike pressured equities. The S&P 500 fell
U.S. annual inflation was unchanged at 3.4% in August, matching expectations, while core inflation eased to 2.4% year over year. The monthly CPI rose 0.4%, with gasoline the biggest driver.
US gasoline futures rose to around $3.35 a gallon, the highest level since late July. Tehran stated it would continue counterstrikes if attacks from the US military persist, while Saudi crude output in August plunged to its lowest since 1990.
The EIA now expects Brent crude to average about $91 a barrel in 2026 and WTI $84.65, both higher than its prior forecast. The agency said global oil stocks have fallen by an estimated 400 million barrels this year and cited reduced Middle East production and exports.
Brent crude climbed as high as $100.95, its strongest level since July, after U.S. strikes on five Iranian tankers and fresh retaliation near the Strait of Hormuz.
Energy Secretary Chris Wright said U.S. gasoline prices are "more likely to go down than go up" despite record Labor Day fuel costs, citing futures, seasonal demand and regulatory changes.
Crude oil and ULSD futures were lower Friday morning, while gasoline futures rose ahead of the long Labor Day holiday weekend. Despite declines, crude contracts were on track for weekly gains.
US gasoline futures traded around $3.38 per gallon near a five-week high as supply concerns intensified on geopolitical risks. EIA data showed inventories fell 2.536 million barrels in the week ending Aug. 21, above expectations.
EIA data shows US crude stocks rose while gasoline and distillate inventories fell, supporting sentiment around WTI crude oil futures.
US gasoline futures rose to around $3.30 per gallon after holding near $3.25 on Thursday as traders awaited details of a US campaign to isolate Iran’s economy and energy disruptions from Russia’s war.
The Bureau of Labor Statistics reports U.S. PPI was unchanged in July, with annual producer inflation easing to 4.7% from 5.5% and core PPI rising 0.2% month over month.
The US Consumer Price Index rose 3.4% year-over-year in July, down from June's 3.5% increase
Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked. The Roc
Morgan Stanley (NYSE: MS ) lowered its oil price forecasts for this year and next after noting that oil tankers are moving through the Strait of Hormuz faster than expected. A team of Morgan Stanley strategists led by Martijn Rats lowered its fourth-quarter Brent crude forecast to $75 per barrel from $80 and cut its en
Chevron CFO Eimear Bonner says the company is doing everything it can to lower gas prices as the situation in the Middle East stabilizes
President Trump demands a federal investigation into why retail gas prices aren't plummeting as rapidly as crude oil costs