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Oil retreats slightly

Oil retreats slightly after boost from US crude draw, Russia sanctions

Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.

Crude Oil Prices · 1d

Oil Rises as Crude Inventories Continue to Draw

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year.

CNBC on MSN · 7h

U.S. sanctions on Russia hit oil freight rates

On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.

EIA, Crude Oil

Reuters · 1d

US crude oil stocks excluding SPR fall to 2-year low, EIA says

U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.

MarketWatch · 1d

U.S. Crude Oil Stockpiles Extend Decline

U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while product stocks saw further large weekly builds, according to data released by the U.S. Energy Information Administration.

Markets Insider on MSN · 1d

Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.

4hon MSN

Oil falls $1 on expected halt to Houthi shipping attacks

Oil prices fell on Thursday with Yemen's Houthi militia expected to halt attacks on ships in the Red Sea, and investors ...

Business Insider1d

Oil (WTI) Price

1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 573.31 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.49 USD 1 Barrel = 42 Gallons Oil (WTI) Price ...

Newsweek3d

Oil Prices Climb Above $80 Per Barrel Amid Biden's Latest Sanctions

Meanwhile, West Texas Intermediate crude—the benchmark for the U.S. light oil market—rose $1.30 (1.7 percent) to $77.87 a barrel. Among the targets of the sanctions were Russian-based oil ...

1don MSN

Oil Little Changed as Falling US Stockpiles Outweigh Soft Demand Outlook

A Reuters poll showed that U.S. crude oil stockpiles fell by about 1 million barrels in the week to Jan. 10, ahead of an ...

16hon MSN

Oil prices hover near 5-month highs on heightened supply concerns

Crude oil prices continued to rally on Thursday as a drop in US stockpiles and a softer inflation buoyed sentiments in the ...

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