RBMAIN RBOB Gasoline Futures(JUL4)
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- -0.0143-0.57%
RBOB Gasoline Futures(JUL4) News
WTI Moves Below $79.00 Following Hawkish Remarks From Fed Officials
WTI Oil price extends losses possibly due to the hawkish remarks from Fed officials regarding maintaining higher rates for longer.
Oil Prices Tread Water Amid Iran Uncertainty, US Rate Jitters
Oil prices edged lower in Asian trade on Tuesday, as markets were uncertain how the Iran President’s death could affect supplies, while traders feared that high U.S. interest rates will eat into demand this year.
Oil Prices Edge Higher With Iran in Focus After Helicopter Crash
Oil prices rose slightly in Asian trade on Monday as traders sought more information on rescue attempts for Iran’s President after a helicopter crash.
Oil Prices Steady, Set for Mild Weekly Gains Amid Demand Hopes
Oil prices moved little in Asian trade on Friday, but were headed for a mildly positive week as a softer dollar, shrinking U.S. inventories and increased Chinese stimulus stoked hopes of improving demand.
WTI Extends the Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations
WTI prices gains traction near $78.90 on Friday.
Oil Prices Rise as Softer CPI Dents Dollar, US Inventories Shrink
Oil prices rose in Asian trade on Thursday, extending gains from the prior session as a softer-than-expected U.S. consumer inflation reading brought down the dollar and ramped up hopes of interest rate cuts.
Crude Oil Whips on Wednesday, Surge in Risk Appetite Sparks Recovery in Barrel Bids
WTI hits two-month low before recovering into familiar territory.
WTI Edges Higher to Near $78.50 Due to Drawdown in US Inventories, Canada Wildfires
WTI price appreciates due to the potential for supply disruptions amid Canadian wildfires.
Oil Prices Rise as US Inventories Dip; CPI Inflation in Focus
Oil prices rose in Asian trade on Wednesday as industry data showed a drop in U.S. inventories and boosted expectations of tighter supplies, although anticipation of key inflation data kept gains limited.
Crude Oil Finds Late Bump but Still Sheds Weight on Tuesday as WTI Grapples With $78
WTI fell back into familiar lows on Tuesday before a late-day jump.
Oil Prices Track Gold, With a Lag. Prepare for Higher Crude
Chart in Focus McClellan Financial Publications May 9: Gold is valuable, not just as a tradable commodity but because it knows things about the future that are useful. One thing gold knows is what crude oil prices are going to do.
Oil Prices on Track for Weekly Gain
By William Watts Oil futures rose Friday and were on track for weekly gains, taking back some of the ground lost last week as fears of a broader Middle East war faded. Price moves West Texas Interm
Crude Oil Prices Gain as US Crude Stocks Record Surprise Draw, ANZ Bank Says
Crude oil prices climbed after the U.S. Energy Information Administration's weekly report showed a draw in U.S. crude inventories, signaling a tight physical market, ANZ Bank said in a Thursday note.
Goldman Sachs predicts that there is no hope that production will increase at the OPEC+ meeting in June, and oil prices may stay in the 75-90 dollar range
Goldman Sachs said on Wednesday that they no longer expect OPEC+ to announce the partial lifting of its voluntary production cuts at the June meeting.
Seasonal demand for gasoline and diesel in the US is the worst since the pandemic hit refining profits
According to the latest data from the US Energy Information Administration, demand for gasoline and diesel in the US is at its weakest seasonal level since the pandemic.
Biden takes advantage of falling oil prices to restart a “replenishment” plan, 3.3 million barrels of crude oil will be put into storage
The Biden administration is taking advantage of falling oil prices to relaunch plans to replenish its depleted strategic oil reserves.
Crude Oil Prices Gain on Signs of Strong Demand, ANZ Bank Says
Crude oil prices edged higher as signs of strong demand offset supply side risks, ANZ Bank said in a Tuesday note.
Are production cuts defending oil prices or forcing competition to increase production? OPEC+ is in a “dilemma”
OPEC+ will meet on June 1 to discuss whether to continue cutting production in the second half of the year.
J.P. Morgan Chase: OPEC+ may extend oil production cuts next month
“We now anticipate that the OPEC alliance may extend voluntary production cuts beyond the second quarter,” analyst Natasha Kaneva said in the report.
WTI Loses Traction Below $82.50, Concerns Over Middle East Fade
WTI edges lower to $82.45 on Thursday as the fear of wider war in the Middle East eased.