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Crude, Oil prices and Fed
Oil prices fall as US rate cut fails to boost market sentiment
Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy.
Oil futures trim losses after fall in U.S. crude inventories, Fed rate cut
Oil futures trimmed losses Wednesday, after government data showed U.S. crude inventories fell last week and the Fed delivered a half-point rate cut.
Crude oil prices today: WTI is trading at $69.67
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors related to U.S. and international supply and demand conditions. For example, the Brent/WTI spread hit nearly $14/bbl in April 2011 when protests sparked market fears of significant oil supply disruptions in the Middle East.
Red Sea oil spill averted
Satellite images show the difficult mission to save a stricken oil tanker in the Red Sea
The Houthis attacked the MV Sounion multiple times in August, leaving the oil tanker stranded in the Red Sea.
Burning Oil Tanker in Red Sea Is Towed to Safety
The delicate rescue mission aimed to head off a major environmental disaster after the oil tanker was attacked by Houthi rebels off the coast of Yemen last month.
Red Sea oil spill averted as burning tanker saved
A burning oil tanker that was attacked by Yemen’s Houthi movement has been towed to a safe area in the Red Sea without any spill, an EU naval mission says. The Greek-owned and flagged MV Sounion, carrying about a million barrels of crude,
USA Today
20h
Crude oil prices today: WTI is down 1.18%, Brent Crude is up 0.47%
What is the current
oil
price today? WTI futures traded at $69.47 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 5.41%. Brent futures traded at $72.69/bbl, an increase of 0.47% in ...
8h
on MSN
Electric vehicles now outnumber gas guzzlers in this oil-wealthy country: ‘A milestone few saw coming’
The Norwegian Road Federation (OVF) stated that out of 2.8 million private vehicles registered in the wealthy Scandinavian ...
18h
on MSN
Western nations have bought $2B in Russian oil this year through sanctions workarounds
Western nations purchased $2 billion worth of Russian oil indirectly through Turkey in a sign of glaring sanctions loopholes.
1d
on MSN
1,000 Bottles of Baby Oil, Cocaine and Violence: Disturbing Details Alleged in Diddy's Sex Crimes Indictment
Sean "Diddy" Combs is charged with sex trafficking, racketeering and transportation to engage in prostitution.
2d
on MSN
Why Washington and Big Oil Are Investing Billions in Ammonia
The latest bet is a $1.56 billion Energy Department loan commitment for a Wabash Valley Resources ammonia project in Indiana.
1d
Diddy Had 1,000 Bottles of Baby Oil and Lube Seized From Feds During Raids on Mansions: Indictment
Sean "Diddy" Combs was hit with federal charges of racketeering conspiracy and sex trafficking by force, fraud or coercion, ...
Verywell Health on MSN
1d
10 Science-Backed Health Benefits of Olive Oil
The benefits of olive oil come from its blend of healthy fats, antioxidants, and anti-inflammatory properties that could help ...
20h
Russian Oil Earnings Slide as Waning Prices Counter Higher Flows
A further slump in weekly average oil prices more than offset a small increase in flows from Russian ports, intensifying ...
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