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MARKET MOVEMENTS: --Brent crude oil is up 0.6% at $82.58 a barrel. --European benchmark gas is up 2.1% to EUR34.84 a megawatt-hour. --Gold futures are up 0.5% at $2,345.80 a troy ounce....
Brent broke back above $80 on Tuesday, but it will be U.S. inventory reports and the looming OPEC+ meeting that will decide the direction of oil.
Pemex Reports Reduced Net Profit, Higher Output in First-Quarter 2023
Oil ends higher after big drop in U.S. crude, gasoline inventories Oil futures end higher Thursday, after government data showed a large drop in U.S. crude and gasoline inventories, but uncertainty around global supplies continued to limit upside amid a dispute between OPEC heavyweights over production plans. U.S. Crude-Oil, Gasoline Inventories Decline More Than Expected U.S. inventories of crude oil and gasoline fell more than analysts were expecting as summer demand picked up, according to weekly data released Thursday by the Energy Information Administration. Global Wind, Solar Ca...
Provided by Dow Jones Oil prices end sharply lower as traders await next move in OPEC standoff Oil futures end lower Wednesday, under pressure after a news report indicates the United Arab Emirates is eager to grow market share as a standoff continues between it and fellow OPEC members over a proposed output rise. U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say U.S. crude-oil stockpiles are unanimously expected to decrease from the previous week in data due Thursday from the U.S. Energy Department, according to a survey of analysts and traders by T...