WTI Crude Soars to Highest Level Since April on Demand Optimism, Hurricane Beryl | OilPrice.com – OilPrice.com
Hurricane Beryl swirled in the Caribbean Sea and strengthened overnight into a powerful Category 5 storm, the earliest on record for the Atlantic hurricane season, raising concerns among energy traders about possible chaos along the Gulf Coast. Beryl made landfall on the Caribbean island of Carriacou, Grenada, on Monday morning with winds of about 150 […]
Crude Oil Price Forecast: Eyes Bullish Targets – FX Empire
Holds above 20-day moving average support The 20-day moving average is at 77.77. If crude oil closes above this line today, the upside objective will likely be reached. A move above today’s high will generate a signal for the continuation of the bullish trend. A test of the 200-day moving average at 79.96 appears to […]
Oil Falls on Small Crude Inventory Build – OilPrice.com
Oil prices fell today after the U.S. Energy Information Administration report Inventories are expected to rise by 1.8 million barrels in the week ending May 17. This compares with a decline of 2.5 million barrels the previous week, which boosted the benchmark after API estimates suggested a similar decline last week, the second straight week […]
Biden’s privilege claim to keep special counsel interview under wraps a ‘crude politics’ move: experts
President Biden’s assertion of executive privilege to avoid releasing audio recordings of his meeting with special counsel Robert Hur has raised eyebrows among some legal experts. White House revealed on Thursday Biden asserted executive privilege over the audio recordings at the request of Attorney General Merrick Garland. White House press secretary Karine Jean-Pierre said in […]
Are Policymakers Oblivious to the Importance of Crude Oil, or Are They Intentionally Sending Us Back to the 18th Century?
The elephant in the room that no one wants to discuss is that crude oil is the foundation of our materialistic society as it is the basis of all products and fuels demanded by the 8 billion on this planet. World leaders are not cognizant enough to know that wind turbines and solar panels only generate occasional electricity […]
API Reports Small Builds in Crude, Fuel Inventories – OilPrice.com
U.S. crude oil inventories rose by 509,000 barrels this week for the week ending May 3, according to the American Petroleum Institute (API). Analysts had expected 1.43 million barrels. API reported that crude oil inventories increased by 4.906 million barrels last week. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in […]
Large Crude Inventory Build Rocks Oil Prices | OilPrice.com – OilPrice.com
Oil prices fell today following the US Energy Information Administration’s announcement. report Inventories increased by 7.3 million barrels for the week ending April 26. By comparison, prices briefly rose last week due to significant demand of 6.4 million barrels the previous week. For gasoline, officials reported that inventories rose by 300,000 barrels last week, compared […]
Caitlin Clark blocks Antonio Brown on social media after crude post
Caitlin Clark had the first block for the Indiana Fever. The women’s basketball superstar had a busy week, attending the WNBA Draft, guesting on “Saturday Night Live” and having an awkward exchange with an Indianapolis sports columnist. And now that week includes blocking former NFL wide receiver Antonio Brown at X. The controversial former Buccaneers […]
Oil Moves Down on Crude Inventory Build – OilPrice.com
Oil prices fell today following the Energy Information Administration’s announcement. report Inventories increased by 2.7 million barrels in the week ending April 12. That compares with the previous week’s hefty 5.8 million barrels of production and an estimated 4 million barrels of production for the week ending April 12, reported by the American Petroleum Institute […]
JESSE JACKSON makes crude remarks about OBAMA on Fox News
Jesse Jackson Caught Bad Mouthing Obama Jesse Jackson Apologizes to Barack Obama for Crude Remarks The remarks came … source