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Oil prices steady after hitting 2022 lows
Oil prices steadied in early Asian trade on Thursday after sinking to their lowest level this year as U.S. production and gasoline inventories ticked up at the same time concerns grew that economic slowdowns would weaken fuel demand.
China rolls back its zero-COVID policies, oil markets erase 2022 gains
Yahoo Finance anchors Dave Briggs and Seana Smith report on China easing some of its zero-COVID policies while oil prices hit their lowest level since December 2021.
U.S. oil futures end lower, with energy market losses led by a drop in petroleum product prices
U.S. oil futures fell by 3% on Wednesday, with losses in the energy sector led by sharp declines in futures prices for petroleum products. The Energy Information Administration reported Wednesday that domestic crude-oil supplies fell last week, but supplies of gasoline and distillates climbed.
What low oil inventory means for prices: Rob Thummel
Tortoise Sr. Portfolio Manager and Managing Director Rob Thummel joins 'Mornings with Maria' to discuss oil supply and demand, its effect on prices and the House Republicans launching an investigation into Biden's energy policies. #foxbusiness #morningswithmaria Subscribe to Fox Business!
The crude-oil rally of 2022 has flamed out. Still, these investors expect more gains for oil and gas stocks
The disconnect between gains in energy stocks and the slump in crude oil prices suggests that something has to give. Energy market analysts say oil prices are more likely to rise than stocks are to fall.
What to Make of Falling Oil Prices, Rising Energy Stocks
Multiple articles are coming out on the divergence between oil stocks and the price of oil.
EIA reports a weekly drop in U.S. crude supplies, product stocks rise
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 5.2 million barrels for the week ended Dec. 2. On average, analysts forecasted a decline of 2.6 million barrels, according to a poll conducted by S&P Global Commodity Insights.
Oil prices rise ahead of official data on U.S. petroleum supplies
Oil futures headed higher on Wednesday, as China's rollback of some COVID-19 measures boosted the outlook for energy demand and traders awaited a report from the U.S. government that's expected to show a weekly decline in domestic crude inventories.
Report: Expect A Return Of $100 Oil In 2023
A new report from Enverus Intelligence Research (EIR) warns of a return to $100 prices for crude oil during 2023, amid tight supplies and rising costs in America's shale oil and gas industry.
Oil Price Fundamental Daily Forecast – Lower as Recession Fears Offset New COVID Easing in China
Traders are blaming the weakness on concerns about recession and easing fears that the cap on Russian oil prices would lead to a supply shortage.