Page 11 - Texas Intermediate 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.

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.

(Reuters) -Oil prices eased as much as 1% in Asian trade on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply ticking up later in the year amid signs of weakening U.S. demand. Brent crude futures fell 73 cents, or 0.93%, to $77.63 a barrel at 0638 GMT. The Organization of the Petroleum Exporting Countries and allies led by Russia, together known as OPEC+, on Sunday agreed to extend most of their oil output cuts into 2025 but left room fo...

Global oil prices today took a surprising dip, falling over 3% despite ongoing production cuts by OPEC+ and its allies

Brent crude futures fell 20 cents or 0.3 % $78.16 a barrel. Brent closed below $80 for the first time since Feb. 7, after falling more than 3% on Monday.

(Reuters) - Oil prices eased in early trade on Tuesday, extending their losses from the previous session when prices fell to their lowest in four months, as investors worried about supply ticking up later in the year. Brent crude futures fell 20 ce...

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 fell on Tuesday, extending losses from the previous session amid concerns about possible oversupply in the market following the decision of the OPEC+ to gradually phase out voluntary production cuts from October.

Gasoline prices fell $0.06 per gallon over the last week, representing the biggest weekly drop of 2024.

US stocks bounced back from an early morning slump to close higher Tuesday as fresh data showed that job vacancies slipped in April to their lowest level since 2021.