Iran, futures and Crude Oil
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March WTI crude oil (CLH26 ) today is up +2.06 (+3.30%), and March RBOB gasoline (RBH26 ) is up +0.0438 (+2.29%). Crude oil and gasoline prices are sharply higher today on geopolitical risks. The likelihood of the Russian-Ukrainian war continuing will keep restrictions on Russian crude and limit global
A resumption of attacks on Russia’s processing plants may be freeing up more oil for export
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U.S. Crude Oil Inventories Plunge Following Massive Build
U.S. crude oil, gasoline, and distillate inventories all saw notable draws in the latest reporting period, contributing to a rise in Brent and WTI crude oil prices.
March WTI crude oil (CLH26 ) on Tuesday closed down -0.56 (-0.89%), and March RBOB gasoline (RBH26 ) closed up +0.0034 (+0.18%). Crude oil and gasoline prices settled mixed on Tuesday, with crude falling to a 2-week low.
OMC stocks BPCL, HPCL, and Indian Oil Corporation Ltd fall as Brent crude surges past $70 amid Middle East tensions and supply concerns.
Chevron’s push to ramp up Venezuelan heavy crude production reflects a structural refining mismatch in the United States that makes dense, sulfur-rich barrels strategically and economically essential.
The U.S. crude oil benchmark fell as an expected attack by Iran on Israel has not materialized. Concerns about the strength of global oil demand are also weighing on the market. U.S. crude oil prices fell 2% on Tuesday, as slowing global demand overshadows ...
Valero is poised to buy up to 6.5M barrels of Venezuelan crude in March bound for its Gulf Coast refineries, which could make it the top foreign refiner of Venezuelan oil, Reuters reported.
Oil prices extended the previous session's gains as the market grows increasingly worried about potential U.S. action against Iran. Brent crude rose 0.9% to $70.98 a barrel, while WTI was up 0.7% to $65 a barrel after climbing more than 4% on Wednesday.