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Tom Kloza, global head of energy analysis with the Oil Price Information Service, believes oil prices are approaching a top, with U.S. crude oil at $74.38 and Brent crude, the international ...
Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance Show comments
The U.S., in fact, is already the world’s largest crude oil producer, churning out a record average of 13.6 million barrels a day recently, according to the U.S. Energy Information ...
An oil platform in Israel's offshore Leviathan gas field is seen while an Israeli navy vessel patrols the Mediterranean Sea, Israel, Friday, Sept. 20, 2024. (AP Photo/Ariel Schalit) (ASSOCIATED PRESS)
But oil and gasoline prices are on a tear that for the time being seems unstoppable. U.S. gasoline prices have hit $5 per gallon for the first time ever, and Moody’s Analytics thinks they could ...
Oil posted steep gains on the news. Brent crude, the global benchmark, was up 2.7% at $78.64 a barrel by 11.15 a.m. ET. US oil rose 2.8% to $73.44 a barrel. The news also affected the natural gas ...
Oil prices rose as much as 3% Wednesday before paring gains amid worries of supply disruptions stemming from the Middle East conflict. ... told Yahoo Finance on Wednesday. ... Read the latest ...
The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West Texas Intermediate crude oil futures, the US benchmark, jumped 4.2% to $86 a barrel.