US crude, gasoline supplies rose last week, API says
Refining capacity shutdowns and Strategic Petroleum Reserve oil releases helped boost US crude oil stockpiles...
Refining capacity shutdowns and Strategic Petroleum Reserve oil releases helped boost US crude oil stockpiles by 3.3 million barrels last week, the American Petroleum Institute reported. Gasoline supplies increased by 1.2 million barrels, while distillate inventories shed 2.4 million barrels, the data show.
Europe kicks off 2023 with a historic heat wave. At least eight European countries...
Europe kicks off 2023 with a historic heat wave. At least eight European countries have logged their hottest January temperatures on record amid a heat wave encompassing about 15 countries across the Continent. The summerlike temps are causing ski resorts in the northern Alps and French Pyrenees to close. Meteorologists are raising the alarm, calling the weather “truly unprecedented in modern records.” The historically hot winter follows a historically hot summer, as 2022 marked Europe’s warmest ever.
The world’s largest tech trade show, CES, opens to the public today to show off weird, wacky, and occasionally...
The world’s largest tech trade show, CES, opens to the public today to show off weird, wacky, and occasionally pretty useful new devices. More than 3,000 exhibitors and 100,000 attendees are expected to be in Las Vegas this week for the event as it tries to bounce back to its pre-pandemic popularity.
Oil futures rose Thursday, bouncing after suffering a two-day fall to begin 2023 on fears of a global...
Oil futures rose Thursday, bouncing after suffering a two-day fall to begin 2023 on fears of a global economic slowdown and surging COVID cases in China.
Investors were also awaiting official U.S. storage data after figures from an industry trade group were said to show a rise in crude and gasoline inventories last week.
West Texas Intermediate crude for February delivery CL00, 0.49%CL.1, 0.49%CLG23, 0.48% rose $1.56, or 2.1%, to $74.40 a barrel on the New York Mercantile Exchange.
March Brent crudeBRN00, 0.57%BRNH23, 0.62%, the global benchmark, was up $1.66, or 2.2%, at $79.50 a barrel on ICE Futures Europe.
Back on Nymex, February gasoline RBG23, 0.69% rose 1.8% to $2.30 a gallon, while February heating oil HOG23, 1.10% gained 2.9% to $3.058 a gallon.
February natural-gas futuresNGG23, -8.46% dropped 3.4% to $4.029 per million British thermal units.
