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US gasoline futures fell to around $3.46 per gallon, slightly easing from an eight-week high, as expectations that Saudi Arabia could restore some disrupted exports soothed immediate supply concerns. The kingdom was reportedly seeking to restore about half the capacity of its East-West oil pipeline within days after dr
ConocoPhillips (NYSE: COP ) shares are sliding Wednesday along with other oil and gas exploration and production companies as crude prices retreat from a two-day rally, pressured by easing Saudi supply concerns and a smaller-than-expected drawdown in U.S. crude inventories. ConocoPhillips stock is among today’s weakest
US gasoline futures held near $3.45 a gallon, close to their highest level in eight weeks, as concerns over feedstock supply eased after Saudi Arabia stated it would offer additional cargoes via Oman. Attacks last week by Iran-backed Houthi rebels shut down a crucial crude pipeline in Saudi Arabia that bypasses the Str
The U.S. 10-year Treasury yield broke above 5% on Tuesday, and crude oil stormed past $105 a barrel, a combination that left every major U.S. equity index in the red at midday. President Donald Trump said on Truth Social that “the world’s diesel price rise is mostly caused by the Russia/Ukraine War, not Iran.” West Tex
German Finance Minister Lars Klingbeil said on Tuesday that the burden of gasoline prices must be reduced and alternative funding must be found.Klingbeil added that decisions must be reached quickly and that he did not yet know Chancellor Friedrich Merz's proposals on energy prices.The Social Democ…
WTI Crude Oil futures pull back after an eight-session rally, dropping roughly 2.5% to trade near the $100 mark. The selling pressure follows news of potential negotiations among Middle East nations regarding shipping in the Strait of Hormuz, which has helped ease short-term supply concerns. Despite the daily decline,
U.S. stocks rose after four straight losses as crude oil retreated below $100 a barrel, while technology shares led gains. Dell jumped 11.3% and Hewlett Packard Enterprise rose 9.1% on the AI infrastructure read-through from Oracle’s capex outlook.
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 eased to around $3.35 a gallon after topping $3.45 earlier in the session, while remaining elevated.
President Donald Trump reportedly said energy prices elevated by the Iran war are unlikely to come down until after the midterm elections, nearly two months away. He also said oil prices will tumble “right after the election” and predicted gasoline prices would eventually ease.
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.
The United States Oil Fund rose 5.3% to $140.75 on Tuesday as oil prices spiked on news of new U.S. attacks on Iran.
GasBuddy’s Patrick De Haan said U.S. refiners are already running near capacity, limiting room to process more oil from Venezuela or elsewhere.
US gasoline futures trade around $3.27 per gallon, holding prior-session losses as investors weigh intensified US secondary sanctions tied to “Operation Economic Outcast.”
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.
Walmart CFO John David Rainey says gasoline above $4 may have a psychological impact on shoppers, with consumers making trade-offs as the retailer faces weaker U.S. sales growth and about $2 billion in fuel-related costs above its original forecast.
US gasoline futures trade below $3.30 per gallon, easing from a three-week high after EIA data showed stocks rose 0.688 million barrels in the week ending August 14, versus a 1.2 million-barrel draw expected.
US gasoline futures trade above $3.20 per gallon at a three-week high, while the average US pump price reaches $4.06, as Middle East talks stall and refinery disruptions tighten supply.
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.
July US consumer price index data drew conflicting interpretations, with some economists citing disinflation and narrower price gains while others questioned the energy-price timing in the print.
US headline CPI rose 0.1% in July, bringing annual inflation to 3.4% from 3.5% in June
The July consumer price index rose 0.1% month-over-month and 3.4% year-over-year
The US Consumer Price Index rose 3.4% year-over-year in July, down from June's 3.5% increase
The U.S. economy looked surprisingly soft on paper in the second quarter. Yet beneath the headline, it may have delivered one of the strongest signals yet that the artificial intelligence investment boom is accelerating. Gross domestic product grew at an annualized 1.5%, slowing from 2.1% in the first quarter and missi
Despite historic refining margins and 10% of global capacity sitting offline, former Petronas trader Baron Lamarre warns that a “temporary crude surplus” makes ETFs like United States Oil Fund, LP (NYSE: USO ) and United States Brent Oil Fund, LP (NYSE: BNO ) poor plays right now. Instead, experts suggest targeting ind
The ticky-tack ceasefire between Iran and the U.S. is officially over, and oil prices are spiking once again in the wake of Strait of Hormuz chaos. Is Strait open? Closed? Even real at all? Whatever the case, Brent crude prices have once again surged above $85, but the uncertainty over the war’s next steps has actually
() -- US consumer inflation likely turned negative in June on a monthly basis as energy prices pulled back, Goldman Sachs and UBS Securities said. Oil and gasoline prices have retreated as the US and Iran agreed to an interim peace deal in June. However, crude prices, which posted gains last week amid escalating US-Ira
() -- The structure of individual domestic fuel markets and the extent of government intervention determined the varied impacts from the Iran war's oil price surges on consumers, the International Energy Agency said in a commentary on Thursday. The closure of the Strait of Hormuz following the outbreak of the Iran war
US ISM Services PMI Actual 54 (Forecast 54, Previous 54.5)
August WTI Crude Oil futures fell over 4.67% as tensions eased following the U.S. and Iran peace deal