crude oil prices

Oil prices surged during the first quarter of 2024 as the supply/demand outlook tightened and global geopolitical concerns intensified, pushing both U.S. and European benchmark crude futures to five month highs. Over the first three months of the year, Nymex West Texas Intermediate, the U.S....

Since Friday, June 24, crude oil prices per barrel have rallied 5.7%, after President Joe Biden proposed a three-month federal gas tax holiday. According to Tuesday data from the American Automobile Association (AAA), national gas prices have declined to $4.881 a gallon, down from its recent...

WTI crude oil prices are back above $54/bbl for the first time since February, which is good news for many oil investors. But while crude oil prices have surged 15 percent in the past month, natural gas prices have fallen 5.8 percent in that time. Bernstein analyst Jean Ann Salisbury recently...

After dipping as low as $45.58 in late August, WTI crude oil prices are once again knocking on the door of $50/bbl. Oil has had a bumpy ride since its 2014 sell-off, but its trading range has narrowed to between around $42/bbl and $55/bbl in the past year. Hurricane Harvey didn’t have much of...

Steadily rising oil prices coupled with increased operational efficiencies in the integrated oil sector may have created the best investment opportunity in the space since 2012. According to Jefferies analyst Jason Gammel, integrated oil companies have streamlined their operations so well that they...

Official U.S. crude oil data for the week ending July 29 revealed that crude oil refinery inputs averaged approximately 16.852 million barrels a day. This was 266,000 barrels per day higher than the 16.586 million recorded in the preceding week. Following the release of the data, crude oil prices...

The price of US WTI crude oil closed for trading on Tuesday above the $50 per barrel mark for the first time since July. The commodity continued to trade higher early Wednesday morning and was seen trading above the $51 per barrel handle. The last time WTI crude futures traded near the $51 per...

Over the last six months, WTI crude oil prices declined from a peak of $107 to below $60 a barrel, or a decline of 44 percent. Many analysts, including the Energy Information Administration (EIA), are forecasting even lower prices, and more glaringly, for prices to stay at these levels for at...