WTI Falls on Stockpile, Fed Moves
Oil dipped as a Fed rate cut and weak labor signals outweighed bullish stockpile data.
Oil dipped as a Fed rate cut and weak labor signals outweighed bullish stockpile data.
U.S. President Donald Trump said over the weekend that he's prepared to move ahead with 'major' sanctions on Russian oil if European nations do the same.
'This foreign direct investment into the Kingdom ... highlights the appeal of Aramco's long-term strategy to the international investment community', Aramco President and CEO Amin H. Nasser said.
Oil rose as Russian energy sites faced drone attacks and the Middle East conflict escalated.
'AccuWeather hurricane experts are constantly refining and integrating new data into our predictions', AccuWeather Lead Hurricane Expert Alex DaSilva said.
The U.S. Energy Information Administration projected that the Henry Hub spot price will average well above $4 per MMBtu next year in its latest short term energy outlook.
In recent days, there have been increasing signs that Trump's patience with Putin is wearing thin.
Oil rose as Russian supply risks clashed with surplus forecasts.
North America added seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.
At least two tankers have completed loadings at Russia's Primorsk.