Saturday, May 3, 2025
Oil outshines stocks and dollar in 2022- oil and gas 360

Oil outshines stocks and dollar in 2022

US News LONDON – Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions on Russia further limit supplies to an already tight market. The two major crude futures contractsare up about 30% so far this year, while the All Country World Index

U.S. crude stocks build unexpectedly, fuel draws down amid export surge - EIA- oil and gas 360

U.S. crude stocks build unexpectedly, fuel draws down amid export surge – EIA

Nasdaq U.S. crude oil stockpiles rose unexpectedly last week, while distillate and gasoline inventories dropped again as refiners continue to boost fuel exports to a world in need of supply, the Energy Information Administration said on Wednesday. Crude inventories USOILC=ECI rose by 1.3 million barrels in the week to April 29 to 415.7 million barrels, compared with analysts’ expectations in a Reuters

When the bull market in stocks will end, according to S&P 500 history-oil and gas 360

When the bull market in stocks will end, according to S&P 500 history

CNBC Bull markets don’t die of old age, as investors have been often reminded during this most recent one, but how long on average do they live? Investors who consult the historical S&P 500 chart will find a technical answer to this question. Market history says anywhere from four to 11 years, and big first-year gains have been followed by longer bull

Oil Futures Extend Gains on Larger-Than-Expected U.S. Crude Draw

From Reuters Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal. Brent crude LCOc1 settled up 81 cents, or 1.4%, at $59.51 a barrel. U.S. West Texas Intermediate crude CLc1 ended $1.29, or 2.4%, higher

Caught in Tariff War, Sinopec Seeks Waiver for Imported U.S. Oil: Sources

From Reuters China Petroleum & Chemical Corp, or Sinopec, is seeking a tariff exemption for U.S. oil being imported in coming months, sources familiar with the matter said, after Beijing late last week imposed retaliatory tariffs on U.S. goods, including crude oil. The largest refiner in Asia is expected to receive four supertankers carrying 8 million barrels of U.S. crude

Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

Oil Falls 1% as U.S.-Iran Optimism Faces U.S.-China Trade Deal Hopes

From Reuters Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal. Brent crude lost 64 cents, or 1.1%, to settle at $58.70 a barrel, after hitting a session high of $60.17.

China and US flags -oilandgas360

Oil Spills Into U.S.-China Trade War, Prices Slump

From Reuters China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand. Beijing said crude would be among the U.S. products hit by tariffs of 5% as of Sept. 1.

Trump Calls on U.S. Firms to Exit China as Trade War Escalates

From Reuters President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession. Trump, who has accused China of unfair trade practices and pushed for a deal that would rebalance the relationship in favor of U.S.

U.S. Crude Stockpiles Fall, with Cushing Down for a Seventh Week – EIA

From Reuters U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels in the week to Aug. 16, compared with analysts’ expectations for a decrease of 1.9 million

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

From Reuters Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude LCOc1 fell $2.08, or 3.36%, to settle at $59.81 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1

Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

Oil Rises as U.S. Crude Stocks Fall Again, Fed Cuts Interest Rates

From Reuters Oil prices rose for a fifth day on Wednesday following a larger-than-expected drop in U.S. inventories and after the Federal Reserve cut U.S. interest rates for the first time in more than a decade. The front-month Brent crude LCOc1 futures contract, which expired Wednesday, rose 45 cents to settle at $65.17 a barrel. Brent posted a monthly decline

Inventories Back at Five-Year Averages—for Now

The production cuts may have erased the surplus, but for how long? Stored petroleum around the world fell through 2017 and the first quarter of 2018, ending a period of oversupply in the global market that began before OPEC began production cuts in November 2016, according to data from the EIA. The production cuts took effect in January 2017, reducing