Tag: West Texas Intermediate
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Oil extends sharp drop on prospect of more Saudi, Libyan supply
(Bloomberg) — Oil fell for a second day as Saudi Arabia was reported to be weighing increasing output, and factions in Libya reached a...
Exclusive-US to seek 6 million barrels of oil for reserve, amid low oil price
By Timothy GardnerWASHINGTON (Reuters) - The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source...
Stock market today: Tech leads S&P 500, Nasdaq higher as JPMorgan drags Dow lower
A contract dispute between Disney (DIS) and DirecTV still has not reached a conclusion after the media giant pulled its owned and operated channels,...
Stock market today: Tech leads S&P 500, Nasdaq higher as JPMorgan drags Dow lower
A contract dispute between Disney (DIS) and DirecTV still has not reached a conclusion after the media giant pulled its owned and operated channels,...
Oil tanks more than 3% to lowest level since 2021 on weak demand
Oil resumed its downward trend on Tuesday, tanking more than 3% after oil alliance OPEC lowered its demand growth forecast in 2024 and 2025.On...