Page 10 - John Kilduff News Today

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Crude oil futures hit their lowest levels since February as OPEC+ plans to phase out voluntary cuts, prompting concerns about oil prices and weakening demand growth.

OIL prices tumbled by US$3 a barrel on Monday (Jun 3) to their lowest in nearly four months, as investors worried that a complicated Opec+ output decision could lead to higher supplies later in the year even though demand growth has been slow.

Oil prices tumbled on Monday to their lowest in nearly four months

Oil futures fell as U.S. crude stocks dropped, but builds in gasoline inventories and a drop in gasoline demand raised concerns about fuel consumption.

Equities, which tend to move in tandem with oil prices, rose on the rate cut hopes, with the Dow reaching an all-time high of 40,000 for the first time

Meanwhile, traders scramble to slash their bullish bets.

HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect...

Meanwhile, the Saudis gamble on the possibility of increased demand.

Crude oil jumps as much as 7% on U.S. ban of Russian imports, but trades off session highs : Rashtra News #Crude #oil #jumps #ban #Russian #imports #trades #session #highs Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response