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Oil Prices Are Up, But Oil Stocks Are Not. Why Energy Markets Have Gotten So Unpredictable.
Crude prices are up, in part, on new U.S. sanctions on Russian oil. But sanctions have proven not be a good reason to invest. And the U.S., in particular, is awash in oil, keeping gas prices down.
Oil ends lower, with U.S. prices failing to hold above $80 a barrel
Oil futures settled lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries about risks to global supplies — though the agreement has reportedly hit a snag and has yet to take effect.
U.S. Oil Prices Reach New Heights Since August
The United States is witnessing a significant uptick in oil prices, with crude oil trading at nearly $80 per barrel, a peak that was last observed in August. This 3% rise in oil costs, as reported on Wednesday,
Gasoline, oil prices up due to uncertainty over Russia and Trump
Gas prices have come up recently, and they could be headed up more in the future. “The market does not like uncertainty,” says AAA oil market analyst Don
Oil prices edge lower after closing at 4-month high
Oil futures were modestly lower early Thursday, pulling back after ending the previous session at four-month highs following data that showed a large drop in U.S. crude inventories.
13h
US drillers cut oil and gas rigs to lowest since Dec 2021, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...
1d
2025 U.S. Oil Outlook: Don’t Count On A ‘Drill Baby Drill’ Mentality
Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...
1d
on MSN
Oil giant BP axing thousands of jobs
The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...
18h
IMF lowers 2025 Saudi Arabia growth forecast on extended oil production cuts
The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended ...
2d
Has China already reached peak oil?
The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil ...
21h
on MSN
Big Oil celebrates the return of Trump. Clean energy braces for trouble
Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.
2d
on MSN
Why Big Oil should pay to rebuild after the L.A. fires
California lawmakers may consider a climate ‘superfund’ law that forces fossil fuel companies to pay for damages linked to ...
2d
on MSN
Oil prices end higher as traders weigh demand prospects, supply risks
Oil futures settled higher Wednesday, finding support after snapping a three-day winning streak that had been driven in part ...
Crude Oil Prices
2d
Can This Huge Oil Discovery Revive The Bakken Oil Boom?
U.S. shale can still surprise with undiscovered resources, even as more and more reports emerge suggesting that prime acreage ...
11h
Oil prices dip but post 4th straight weekly gain on US sanctions
Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian ...
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