Oil falls 3% as investors focus on weak China economic activity

Price action West Texas Intermediate crude for June delivery CL.1, -3.76% CL00, -3.74% CLM22, -3.73% slumped $3.95, or 3.8%, to $100.74 a barrel on the New York Mercantile Exchange.July Brent crude BRN00, -3.29% BRNN22, -3.41%, the global benchmark, dropped $3.82, or 3.5%,…

Continue ReadingOil falls 3% as investors focus on weak China economic activity
Read more about the article Texas and other states want to punish fossil fuel divestment
A pump jack operating in an oil field in Midland, Texas, July 29, 2020. A Texas law aims to punish investment firms that divest from fossil fuels.Tony Gutierrez/AP

Texas and other states want to punish fossil fuel divestment

A pump jack operating in an oil field in Midland, Texas, July 29, 2020. A Texas law aims to punish investment firms that divest from fossil fuels.Tony Gutierrez/AP Ivan Frishberg…

Continue ReadingTexas and other states want to punish fossil fuel divestment
Read more about the article Oil rises on concerns global political risks could tighten supplies
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo

Oil rises on concerns global political risks could tighten supplies

Reuters: A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo NEW YORK, Jan…

Continue ReadingOil rises on concerns global political risks could tighten supplies
Read more about the article Oil prices rebound as growing political tensions fuel supply fears
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo

Oil prices rebound as growing political tensions fuel supply fears

LONDON, Jan 25 (Reuters) - Oil prices bounced back on Tuesday, recovering some of the previous day's losses, as growing tension in Eastern Europe and the Middle East fueled concerns…

Continue ReadingOil prices rebound as growing political tensions fuel supply fears

U.S. crude stockpiles fall to lowest levels since October 2018, gasoline inventories surge: EIA

Jan 12 (Reuters) - U.S. crude oil stockpiles fell more than expected to their lowest levels since October 2018, but gasoline inventories surged due to weak demand, the Energy Information…

Continue ReadingU.S. crude stockpiles fall to lowest levels since October 2018, gasoline inventories surge: EIA