U.S. oil prices settle back above $100 for the first time in a week
[ad_1] Oil futures climbed on Monday, with U.S. benchmark crude prices ending back above $100 a barrel for the first time in a week. U.S. prices rebounded back above the…
Oil ends higher, but sees weekly drop, as Biden meets with Saudis
[ad_1] Updates to correct closing price for August WTI futures. Oil futures ended higher Friday, finding support as news reports said U.S. officials were playing down expectations President Joe Biden’s…
Biden: ‘Expect further steps’ from Saudis in coming weeks on oil supply
[ad_1] President Joe Biden on Friday indicated Saudi Arabia would move to boost oil output after a meeting with top officials from the Kingdom in Jeddah, including Crown Prince Mohammed…
Natural-gas futures more than 8% higher; oil settles with a modest gain
[ad_1] Natural-gas futures climbed by more than 8% on Wednesday, supported by a forecast for warmer weather, which is expected to boost demand for the commodity, while oil posted a…
EIA reports weekly increases in U.S. supplies of crude, gasoline and distillates
[ad_1] The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 3.3 million barrels for the week ended July 8. On average, analysts expected an increase of…
EIA cuts WTI, Brent oil-price forecasts, lowers 2022 natural-gas price outlook
[ad_1] The Energy Information Administration reduced its 2022 and 2023 price forecasts for U.S. and global crude-oil benchmarks, and cut its estimate for this year’s natural-gas prices, according to the…
API data reportedly show weekly increases for U.S. crude, gasoline and distillate supplies
[ad_1] The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.8 million barrels for the week ended July 8, according to sources. The API data also…