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Oil prices surge
Oil prices struggle for direction as U.S. crude supplies fall and product stocks rise
Oil futures struggled for direction on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.
Oil prices surge as OPEC supply drops, US crude stocks decline
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures.Also supporting prices was an unexpected increase in U.
Oil prices edge higher; OPEC supply, tighter sanctions talk help
Investing.com--Oil prices edged higher Wednesday, extending a bounce from the prior session as US industry data pointed to a drop in oil inventories, while production by OPEC countries was seen falling.
Oil prices tick up after industry data shows fall in U.S. crude inventories
Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an industry report was said to show a large drop in crude stocks but significant increases in gasoline and distillates.
Oil rises on tighter OPEC supply, US jobs data
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. job openings pointed to expanding economic activity and consequent growth in oil demand.
US oil futures rise after API reports much larger drop in US crude stocks
U.S. crude oil futures inched higher in post-settlement trading Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stockpiles. Crude Oil WTI Futures,
ExxonMobil, oil
Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil has warned that lower oil prices and a squeeze on refinery margins will hurt its fourth-quarter earnings. Exxon Mobil Corp.’s stock fell 1.4% Wednesday, after the oil giant said lower oil prices and pressure on refining margins would weigh on fourth-quarter earnings.
ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
KEY TAKEAWAYS ExxonMobil said it expects to take an up to a $900 million hit to its upstream earnings in the fourth quarter versus the previous three months amid falling oil prices.Lower liquids prices are set to bring down its upstream earnings by between $500 million to $900 million in the fourth quarter of 2024 compared with the third quarter.
ExxonMobil Earnings to Fall on Lower Oil Prices
The change in gas prices, however, may boost earnings by as much as $400 million for the quarter, the company said..
1d
Oil prices settle up on possible supply disruption, hopes for China demand
Oil prices settled higher on Tuesday, driven by concerns over limited supply from Russia and Iran because of Western ...
1d
on MSN
3 Smart Oil Stocks to Buy in 2025
While oil stocks performed poorly last year, they could bounce back in 2025. Devon Energy ( DVN -0.53%), ConocoPhillips ( COP ...
11h
on MSN
Natural gas prices poised to jump in 2025, predicts new report
After another year of slumped natural gas markets across North America, a new report says 2025 could bring a jump in prices.
2d
Oil prices ease as weak economic data offsets higher US winter storm heating demand
Oil prices eased in volatile trade on Monday as some bearish economic news from the United States and Germany offset bullish ...
1d
on MSN
Oil companies pay record $5.6M settlement after FTC alleges illegal coordination
Three oil companies will pay a record penalty to settle allegations that they illegally coordinated before a merger between ...
Crude Oil Prices
2d
Oil Prices Start the Week at a Three-Month High
Oil prices are surging in early 2025 due to cold weather, hopes of revived Chinese demand, and potential supply disruptions from tighter sanctions on Iran.
19h
on MSN
Oil Prices up on Tighter OPEC Supply, US Jobs Data
TOKYO (Reuters) - Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an ...
2d
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
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