Crude Oil Product: Oil prices slightly rise as traders focus on this week's OPEC and IEA market outlook.

Crude Oil slightly rose. WTI increased by 0.3%, closing above $68 per barrel. Brent crude oil remained stable around $72 per barrel. Traders are focusing on the market outlook from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) later this week, as well as the US Consumer Price Index on Wednesday, which will be the last major economic data report before the Federal Reserve's policy meeting. Tensions in the Middle East continue to escalate. The fall of the Assad regime has left a power vacuum, with factions vying for control, which could lead to further turmoil, and the market is watching to see if this will have spillover effects elsewhere in the region. US Energy Information Administration.

Global market broadcastDec 10 16:18 ET

Oil Prices End at Their Lowest in 3 Weeks After OPEC+ Fails to Allay Supply Worries

MarketWatchDec 6 15:40 ET · Markets

The crude oil in the usa fell by 2% on Wednesday.

During the early hours of the 5th in peking, the price of crude oil futures in the usa rose by 2.7% on Tuesday. The EIA report stated that crude oil production in the usa increased by 0.02 million barrels per day last week. Investors are focused on the results of the OPEC+ meeting taking place later this week. The January delivery price of West Texas Intermediate (WTI) crude oil futures on the exchange fell by 1.40 dollars, a decrease of 2%, to close at 68.54 dollars per barrel. The us energy information administration (EIA) reported that gasoline inventories in the usa increased by 2.362 million barrels, while a decrease of 1.039 million barrels was expected. Distillate inventories increased by 338.

环球市场播报Dec 4 15:09 ET

EIA: Last week, crude oil inventories in the usa decreased by 5.073 million barrels, expected to decrease by 1.41 million barrels.

The US Energy Information Administration (EIA) inventory report also showed the following changes for last week: rbob gasoline inventory increased by 2.362 million barrels, estimated to decrease by 1.039 million barrels; distillate inventory increased by 3.383 million barrels, estimated to decrease by 0.424 million barrels; Cushing crude oil inventory increased by 0.05 million barrels; refinery utilization rate increased by 2.8 percentage points, estimated to increase by 0.5 percentage points; crude oil imports increased by 1.207 million barrels per day; crude oil production increased by 0.02 million barrels per day.

Global Market Update.Dec 4 10:47 ET

Saudi Aramco's CEO stated that the 'realistic' green policies are beneficial to the USA.

The CEO of Saudi Aramco, Amin Nasser, stated on Tuesday that as Trump prepares to return to the White House in January, a "realistic" green transition standard will benefit the us energy industry. When asked whether the US government might be more bullish on hydrocarbon fuels, Nasser said, "I think you know, policymakers will definitely help them formulate policies and standards... expanding energy. That is why, you know, I believe the industry in the usa is...

Global Market ReportDec 3 09:58 ET

U.S. Energy Corp. to Present at the Emerging Growth Conference on December 4, 2024

GlobeNewswireDec 3 07:00 ET