Us News Oil Prices Hold Gains After U S Crude Inventory Draw Cnbc

Oil prices hold gains as markets focus on supply fears and economic strength

Oil prices stabilized after a strong rally as traders balanced robust U.S. economic data against rising supply risks tied to Venezuela and the war in Ukraine. Read More

Oil gains on news of US action against Venezuelan tanker

Oil prices rose on Monday after reports that the U.S. had intercepted an oil tanker in international waters off the coast of Venezuela, raising fears of supply disruption. The U.S. Coast Guard ... Read More

Crude gains as US increases actions against Venezuela

Oil futures settled higher as the U.S. stepped up actions to enforce a blockade of tankers entering or leaving Venezuela, and Ukraine continued strikes on Russia’s oil infrastructure. Read More

Oil Prices Set for Largest Weekly Gain in Three Months

Crude oil prices are set for the sharpest weekly gain in three months, rising over $2 per barrel due to intensifying U.S. pressure on Venezuela and a reported U.S. military strike in Nigeria. Read More

Oil prices tick higher after large US crude draw; markets watch Fed decision and Ukraine developments

Crude prices inched upward on Wednesday, supported by a sharper-than-expected drop in U.S. oil inventories and investor anticipation of a possible Federal Reserve rate cut, as well as ongoing updates ... Read More

Crude pares gains after tanker seizure in Venezuela. What's next?

The United States' strategy when it comes to Venezuela is rapidly evolving from economic pressure to armed force. A sanctioned supertanker was just seized by American troops off the country's coast, ... Read More

Oil Prices Edge up After Reports of Possible US Sanctions on Russia, Venezuela Blockade

The Venezuela blockade could affect 600,000 barrels per day of Venezuelan oil exports, mostly to China, but 160,000 bpd of exports to the U.S. would likely continue, ING said. Chevron vessels were ... Read More

U.S. Crude Stocks Post Surprise Build as Gasoline and Distillates Rise

U.S. crude, gasoline, distillate, and Cushing inventories registered broad gains last week even as SPR volumes continued to rise and domestic production slipped slightly. Read More

Crude Oil Futures Gain as OPEC+ Extends Output Cuts

Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month. Read More

Oil prices hold modest gains — '$30s pump drop still possible', experts say

Global oil prices held modest gains today, 4 December, after increasing 0.4% in the previous session. Investors remain cautious amid escalating US-Venezuela tensions and uncertainty over Ukraine ... Read More