Oil

Mario Tama Exxon Mobil's (NYSE:XOM) proposal to reactivate its idle Santa Ynez Unit offshore platforms in California through a plan relying on trucks to ship crude to refineries onshore was denied Wednesday by a U.S. District Judge. The…

Oil futures hit a 2023 high on Wednesday after inventories at the largest storage hub in the US fell toward levels nearing operational minimums.West Texas Intermediate (CL=F) jumped more than 3% to settle at $93.68 per barrel following a…

GlobalStock/E+ via Getty Images U.S. crude oil stockpiles at the Cushing, Oklahoma, storage hub have shrunk to their lowest in 14 months, causing concerns about the quality of the remaining oil and the potential to fall below minimum…

Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Amanda Stephenson Published Sep 26, 2023  •  3 minute read Even if no new government climate policies are…

imaginima/E+ via Getty Images Crude oil prices have jumped 30% iin the past three months but are not likely to cause a decline in U.S. consumer spending or GDP growth, Goldman Sachs analysts said Monday in a new report. The magnitude of…

(Bloomberg) -- Asian stocks traded in tight ranges Monday and oil rose, while Treasury yields inched higher as investors weighed the Federal Reserve’s higher-for-longer stance.Most Read from BloombergEquity benchmarks in Japan opened flat…

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WTI crude oil futures settle at $90.03, up $0.40 or 0.43%. The high for the day reached $91.33. The low was at $89.31.WTI crude oil trades between retracement levelsBrent crude prices settled at $93.27 down $0.03 or -0.03%For the trading…

Oil has been on a monster run higher with shallow pullbacks easily drawing in buyers along the way. Will the consolidation lead to a pullback and another buying opportunity for the bulls?WTI Crude Oil Futures: 1-hour WTI Crude Oil…

Receive free Markets updatesWe’ll send you a myFT Daily Digest email rounding up the latest Marketsnews every morning.US stocks were mixed on Monday as investors weighed up the latest advance to multi-month highs for crude oil prices and…