Crude Oil Settles Sharply Higher as the Middle East Remains on Edge

Oct 8, 2024 · Last Wednesday's EIA report showed that (1) US crude oil inventories as of September 27 were -4.2% below the seasonal 5-year average, (2) gasoline inventories were …

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Crude Oil Settles Sharply Higher As The Middle East Remains On Edge

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Oct 8, 2024 · Last Wednesday's EIA report showed that (1) US crude oil inventories as of September 27 were -4.2% below the seasonal 5-year average, (2) gasoline inventories were …

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Oil Rallies, Settles At Multi-month High On US Crude Draw, Russia ...

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1 day ago · Middle East; Ukraine and Russia at War; ... US crude oil stocks fell last week to their lowest since April 2022, EIA says ... Brent crude futures settled $2.11, or 2.64%, higher at …

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Oil Settles Up, Biggest Weekly Gains In Over A Year On Middle East …

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Oct 3, 2024 · Oil Settles Up, Biggest Weekly Gains in Over a Year on Middle East War Risk ... Brent crude futures rose 43 cents, or 0.6%, to settle at $78.05 per barrel, while U.S. West …

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Crude Ends Sharply Higher On Escalation Of Geopolitical Risks In …

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Jul 31, 2024 · Sep WTI crude oil on Wednesday closed up +3.18 (+4.26%), and Sep RBOB gasoline closed up +9.82 (+4.19%).Crude oil prices Wednesday rallied sharply. Wednesday's …

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Oil Settles Up, Weekly Gain 4% As Investors Weigh Middle East Risk …

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Oct 25, 2024 · HOUSTON (Reuters) -Oil prices settled higher on Friday and gained 4% on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the U.S. …

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Crude Oil Settles Sharply Higher As The Middle East Remains On Edge

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Oct 7, 2024 · Nov WTI crude oil Monday closed up +2.76 (+3.71%), and Nov RBOB gasoline closed up +5.80 (+2.77%).Crude oil and gasoline prices Monday rallied sharply, with crude …

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Oil Settles Up, Biggest Weekly Gains In Over A Year On Middle East …

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Oct 4, 2024 · Brent crude futures rose 43 cents, or 0.6%, to settle at $78.05 per barrel, while U.S. West Texas Intermediate crude futures gained 67 cents, or 0.9%, to close at $74.38 per barrel.

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Oil Settles Down 3% As Demand Worries Outweigh Middle East …

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Apr 17, 2024 · (Reuters) -Oil prices settled down 3% on Wednesday, pressured by a rise in U.S. commercial inventories, weaker economic data from China and U.S. progress on Ukraine and …

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Oil Rises As Middle East Conflict Persists Amid Cease-Fire Talks

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Crude has been buffeted this month — with Brent fluctuating in a range of more than $11 — as the war in the Middle East raises the potential for disruptions to supplies. At the same time, top …

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Crude Closes Sharply Higher On Heightened Geopolitical Risks In …

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Oct 11, 2024 · Nov WTI crude oil (CLX24 ) Thursday closed up +2.61 (+3.56%), and Nov RBOB gasoline (RBX24 ) closed up +8.45 (+4.09%). Crude oil and gasoline prices Thursday moved …

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Crude Surges On Escalating Geopolitical Risks In The Middle East

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Oct 1, 2024 · Nov WTI crude oil (CLX24 ) today is up +2.97 (+4.36%), and Nov RBOB gasoline (RBX24 ) is up +5.60 (+2.89%). Crude oil and gasoline prices today are sharply higher. …

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FAQs about Crude Oil Settles Sharply Higher as the Middle East Remains on Edge Coupon?

Did crude oil stockpiles rise or fall last week?

Meanwhile, U.S. crude oil inventories rose last week more than expected by analysts polled by Reuters, however gasoline and distillates stockpiles fell, according to market sources citing American Petroleum Institute figures on Tuesday. ...

Why did oil prices rise in early Asian trading hours?

REUTERS/Agustin Marcarian/File Photo (Reuters) - Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market. ...

Why are crude oil prices fluctuating?

"Crude oil prices have been fluctuating in response to mixed news from the Middle East, as the situation alternates between escalation and de-escalation," Satoru Yoshida, a commodity analyst with Rakuten Securities. ...

Are Middle East tensions causing a wider conflict?

Meanwhile, Middle East tensions persist, with the growing risk of a wider conflict in the region supporting prices. Gaza's largest functioning hospital was under siege on Friday in Israel's war with Islamist group Hamas, as warplanes struck Rafah, the last refuge for Palestinians in the enclave, officials said. ...

Could OPEC's oil supply move be extended?

The move could be extended if investors start building bullish positions in oil," Hynes said. However, the supply fears have been tempered by OPEC's spare production capacity and the fact that global crude supplies have yet to be disrupted by the Middle East unrest. ...

Why did oil prices rise on Friday?

Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were limited as U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities. ...