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Oil prices down on US fuel stocks build, dollar strength

Oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.

MarketWatch · 16h

Oil prices edge up as U.S. crude supplies fall, gasoline stocks climb

Oil futures edged a bit higher on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh strai

Wall Street Journal · 10h

U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks

U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.

Reuters on MSN · 48m

Oil prices extend losses on rising U.S. fuel inventories

Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline.

MarketWatch on MSN · 14h

Oil prices tick up after industry data shows fall in U.S. crude inventories

Oil futures were flat to slightly higher Wednesday, with investors awaiting official data on U.S. inventories after an industry report was said to show a large drop in crude stocks but significant increases in gasoline and distillates.

18h

China may trim fuel oil imports amid 2025 tax hike, sources say

China's fuel oil imports are expected to drop in early 2025 following a hike in the product's import tax from Jan. 1, ...

Business Daily Africa6h

UAE now Kenya’s second top export market on fuel orders

The UAE has been one of the most visited countries by President William Ruto since he took power in September 2022. “I am ...

7don MSN

Ford recalls nearly 300,000 F-Series trucks over defective fuel pumps

Ford Motor is recalling 295,449 diesel-engine trucks because a defective fuel pump could cause a loss of power, raising the ...

5don MSN

National Fuel predicts gas bills will rise next winter. How much could prices rise?

It's likely that the price of natural gas that heats your home will go up beginning Aug. 1. National Fuel Gas Distribution ...

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