Global Oil Glut
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Dollar Strength and Stock Market Weakness Undercut Crude Oil Prices
Yahoo Finance· 2025-12-13 04:18
January WTI crude oil (CLF26) on Friday closed down -0.16 (-0.28%), and January RBOB gasoline (RBF26) closed down -0.0077 (-0.44%). Crude oil and gasoline prices moved lower on Friday, with gasoline posting a 4.75-year nearest-futures low. Friday's dollar strength weighed on energy prices. Also, Friday's stock weakness has dampened optimism about the economic outlook, a negative factor for energy demand and crude prices. In addition, concerns about a global oil glut continue to pressure crude prices. ...
Crude Oil Prices Pressured on Signs of Abundant Global Supplies
Yahoo Finance· 2025-12-12 04:19
January WTI crude oil (CLF26) on Thursday closed down -0.78 (-1.34%), and January RBOB gasoline (RBF26) closed down -0.0232 (-1.15%). Crude oil and gasoline retreated on Thursday, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut continue to pressure crude prices. Also, today's stock weakness has dampened optimism in the economic outlook, a bearish factor for energy demand. More News from Barchart Losses in crude were limited T ...
Crude Oil Prices Recover as US Seizes a Tanker Off the Coast of Venezuela
Yahoo Finance· 2025-12-11 04:23
January WTI crude oil (CLF26) on Wednesday closed up +0.21 (+0.36%), and January RBOB gasoline (RBF26) closed down -0.0082 (-0.46%). Crude oil and gasoline prices extended this week's losses on Wednesday, with crude posting a 2-week low and gasoline slumping to a 4.75-year nearest-futures low. However, crude oil erased its losses and rallied on Wednesday afternoon after US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela. The seizure may make it more difficult for Venezue ...