BIZARRE: 20 - You Need To See This

Crude Rallies as Saudi Arabia and Russia Extend Crude Production Cuts

October WTI crude oil (CLV23 ) Tuesday closed up +1.14 (+1.33%), and Oct RBOB gasoline (RBV23 ) closed down -1.06 (-0.41%). Crude oil and gasoline prices Tuesday settled mixed, with crude climbing to a 9-1/2 month high. The main bullish factor Tuesday was the announcement by Saudi Arabia and Russia...

Barchart · Sep 5, 2023

Crude Prices Jump as Saudi Arabia and Russia Prolong Crude Production Cuts

October WTI crude oil (CLV23 ) this morning is up +2.18 (+2.55%), and Oct RBOB gasoline (RBV23 ) is up +5.96 (+2.33%). Crude oil prices this morning are rallying, with crude climbing to a 9-1/2 month high and gasoline posting a 1-week high. The main bullish factor today was the...

Barchart · Sep 5, 2023

Crude Sharply Higher on Report Russia Will Extend Its Export Cuts

October WTI crude oil (CLV23 ) Friday closed up +1.92 (+2.30%), and Oct RBOB gasoline (RBV23 ) closed up +2.53 (+0.99%). Crude oil prices Friday closed sharply higher, with crude rising to a 9-1/2 month nearest-futures high. Crude prices extended Thursday's sharp gains on a report that Russia has agreed...

Barchart · Sep 1, 2023

Crude Rallies on Dollar Weakness and China Stimulus

October WTI crude oil (CLV23 ) on Tuesday closed up +1.06 (+1.32%), and Oct RBOB gasoline (RBV23 ) closed down -1.04 (-0.41%). Crude oil and gasoline prices on Tuesday settled mixed, with crude climbing to a 1-week high. A weaker dollar Tuesday was supportive of energy prices. Also, actions by...

Barchart · Aug 29, 2023

Crude Gains on a Weak Dollar and China Stimulus

October WTI crude oil (CLV23 ) this morning is up +0.20 (+0.27%), and Oct RBOB gasoline (RBV23 ) is down -1.25 (-0.49%). Crude oil and gasoline prices this morning are mixed. A weaker dollar today is supportive of energy prices. Also, actions by China to restore confidence in its economy...

Barchart · Aug 29, 2023

Crude Settles Modestly Higher on Energy Demand Optimism

October WTI crude oil (CLV23 ) on Monday closed up +0.27 (+0.34%), and Oct RBOB gasoline (RBV23 ) closed down -7.81 (-2.95%). Crude oil and gasoline prices Monday settled mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth that...

Barchart · Aug 28, 2023

Crude Moves Higher on Chinese Energy Demand Optimism

October WTI crude oil (CLV23 ) this morning is up +0.30 (+0.38%), and Oct RBOB gasoline (RBV23 ) is down -7.28 (-2.75%). Crude oil and gasoline prices this morning are mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth...

Barchart · Aug 28, 2023

Crude Settles Higher after a Fire Shuts Down a U.S. Refinery in Louisiana

October WTI crude oil (CLV23 ) on Friday closed up +0.78 (+0.99%), and Oct RBOB gasoline (RBV23 ) closed up +6.40 (+2.48%). Crude oil and gasoline prices Friday posted moderate gains, with gasoline climbing to a 1-week high. Crude garnered support Friday after Marathon Petroleum shut the Garyville refinery in...

Barchart · Aug 25, 2023

Crude Gains on Energy Demand Optimism

October WTI crude oil (CLV23 ) this morning is up +0.38 (+0.48%), and Oct RBOB gasoline (RBV23 ) is down -0.39 (-0.15%). Crude oil and gasoline prices this morning are mixed. Crude garnered support today on comments from Fed Chair Powell, who signaled the Fed may pause rate hikes when...

Barchart · Aug 25, 2023

Crude Closes Slightly Higher on Strength in U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +0.16 (+0.20%), and Oct RBOB gasoline (RBV23 ) closed up +2.15 (+0.84%). Crude oil and gasoline prices Thursday closed moderately higher. Stronger-than-expected U.S. economic news Thursday signals strength in the economy that is bullish for energy demand and crude prices....

Barchart · Aug 24, 2023