Oil muted as price cap proposal eases supply concerns

Oil muted as price cap proposal eases supply concerns

G7 price cap on Russian oil could be above current trading level EIA gasoline stocks data shows higher than expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of … Read more

Oil slides over 3% on Russian price cap talks, US gasoline build

Oil slides over 3% on Russian price cap talks, US gasoline build

EIA US gasoline stocks data shows higher-than-expected build G7 price cap on Russian oil could be above current trading level Chinese demand concerns weigh as COVID-19 cases surge Majority of Fed officials see rate hikes slowing soon HOUSTON, Nov 23 (Reuters) – Oil prices fell more than 3% on Wednesday, continuing a streak of volatile … Read more

Oil falls to nearly 6-month lows after surprise US crude, gasoline build

Oil falls to nearly 6-month lows after surprise US crude, gasoline build

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register US crude, gasoline stockpiles rise unexpectedly – EIA OPEC+ decides on small 100,000 bpd increase to output target US had … Read more

Oil falls on lackluster US summer gasoline demand

Oil falls on lackluster US summer gasoline demand

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register US crude stocks dip, gasoline builds as demand slackens – EIA Canada export Keystone pipeline at reduced rates for third day Central bank … Read more