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Oil futures finished higher on Friday, with news of tighter U.S. sanctions on Iran and Russia having the potential to disrupt global crude supplies.
U.S. crude prices gained for the week—their first in eight weeks—as traders continued to monitor rising trade tensions and their impact on the economy and oil demand.
-- West Texas Intermediate crude climbed 63 cents, or nearly 1%, to settle at at $67.18 a barrel on the New York Mercantile Exchange. According to Dow Jones Market Data, Prices increased by 0.2% for the week based on the front-month contract.
-- May Brent crude rose 70 cents, or 1%, to $70.58 a barrel on ICE Futures Europe. It tacked on 0.3% for the week.
-- April gasoline added 0.7% at $2.1487 a gallon, up 1.9% for the week, while April heating oil rose 0.2% to $2.1666 a gallon, but posted a weekly loss of 2.2%.
-- Natural gas for April delivery settled at $4.104 per million British thermal units, down 0.2% for the day and losing 6.7% for the week.
The Permian Basin, long celebrated as the crown jewel of America’s shale revolution, is...
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By Tsvetana Paraskova for Oilprice.com | As Saudi Arabia pushes ahead with its ambitious...
by Andreas Exarheas|RigZone.com| In a market update sent to Rigzone by the Rystad Energy...
Iron Oak Energy Solutions LLC, a prominent proppant supplier in North America, has announced...
By Sheila Dang -HOUSTON | REUTERS—U.S. oil major Chevron told Reuters that it plans...
Chevron Corporation has announced plans to lay off approximately 600 employees at its former...
In the wake of President Donald Trump’s re-election in November 2024, his administration swiftly...
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As oil prices sink to their lowest levels in four years and the risk...
by Andreas Exarheas|RigZone.com|Where next for oil prices? That’s the question Stratas Advisors looked at in...
(UPI) — The Department of Interior on Thursday released an analysis of fossil fuel...
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