Crude oil prices today: WTI prices are down 1.82% today
WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $91.09 on Oct. 20, 2023. That’s 19.59% higher than the current futures price.
Oil Prices Fall as Geopolitical Premium Fizzles
Oil prices dropped after reports that Israel would not be targeting Iranian oil facilities combined with bearish economic news from China.
Oil prices erase nearly all of last week's gains on China demand woes
Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic stimulus plans stoked fears about demand.
Market strategist explains what could really drive up crude oil prices
Marko Papic, Chief Strategist at BCA Research said that over the past year, when geopolitical events caused oil prices to rise, these price hikes were often followed by short-selling opportunities, meaning the increases did not last.
Oil prices end at lowest in a week, with U.S. crude supplies up more than expected
Oil futures on Wednesday stretched their losses into a second straight session to settle at their lowest in a week, pressured after official data on U.S. inventories revealed a nearly 6-million-barrel weekly climb.
Oil Prices Drop as Crude Traders Fret About China
Oil prices were sliding Monday as further signs of stagnant Chinese demand trumped concerns about how the ongoing conflict in the Middle East will affect supply. The Brent international benchmark slid 1.
Oil Falls on Chinese Demand Concerns
Oil prices fell in early European trade on persistent concerns over the demand outlook in top crude importer China.
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures ended lower Monday, with Brent prices losing 2% to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to reassure investors nervous about crude demand.
Oil falls over 2% as China demand woes erase last week's gains
Oil prices declined over 2% on Monday, wiping out all of last week's gains, as China's stimulus plans failed to inspire investor confidence and the country's oil imports fell for the fifth month, stoking concern about fuel demand.
Crude oil prices fall nearly 2% after OPEC cuts demand forecast again
OPEC has cut its demand forecast for 2024 and 2025. The market, meanwhile, continues to monitor the Middle East in anticipation of a retaliatory strike by Israel against Iran. Crude oil futures fell nearly 2% on Monday after OPEC cut its demand forecast for 2024 for the third time in a row.
Oil and gas trade group decries Gov. Newsom's 'personal insults' in wake of bill designed to lower pump prices
California Gov. Gavin Newsom signed a law Monday to combat the increasing gas prices across the state as driver complain of ...
Oil Plunges on Easing Iranian Supply-Disruption Fears, Weaker Demand Outlook
Oil prices plunged 4% in early trade following a report suggesting Israel is planning a more limited counter-strike against Iran than some had anticipated. Brent crude was down 4% at $74.36 a barrel, ...
European Gas Prices Follow Oil Lower as Israel Weighs US Warning
European natural gas prices slumped after a report that Israel is willing to avoid striking oil and nuclear targets when it ...
California Gov Newsom signs bill to combat surging gas prices: Big Oil has 'been fleecing you for decades'
Gov. Gavin Newsom signed a bill to combat rising gas prices in California soon after state lawmakers passed legislation in a ...
How rising oil prices could impact the election, according to experts
The rise of oil prices carries potential implications for the presidential election next month. A hike in the cost of crude ...
The olive oil you bought might be fake: Here are 5 ways to make sure you have the real deal
Olive oil fraud typically happens in two main ways: producers mislabeling lower-quality oils as premium products, such as ...
Why Saudi Arabia may ‘open the spigot’ on oil production — and crater crude prices
The possibly that Saudi Arabia will lift the “floodgates” on its oil production has climbed in recent weeks, fueled by ...
Oil oversupply could send prices tumbling in 2025, energy analyst says
Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearly 40% from current levels.