US Gas Price Slips as Pressure Weighs on Crude Oil

U.S.-based oil prices slip as an escalating trade battle between the Trump administration and China and its potential to dent energy demand offset the upward price pressure that might normally be expected from a surprise decline in U.S. crude inventories......»»

The price of crude oil influences U.S. gasoline prices, which are already rising after February’s winter storms took 26 refineries offline. OPEC could decide to increase production at today's meeting, which would ease pressure.....»»

Oil futures see renewed pressure Wednesday after Saudi Arabia moves to increase output capacity, it’s latest move in a price wary with Russia that’s sent crude prices tumbling to four-year lows and sent shock waves through global financial markets......»»

Tesla Inc. shares opened lower on Monday as concerns about a price war in oil spur a crash in crude prices and the coronavirus outbreak weighs heavily on car sales in China......»»

The U.S. stockpile of crude oil rose by nearly 6 million barrels last week while stocks of gasoline and diesel fuel declined. The price of crude has slipped by less than 1% following the report from........»»

Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, competed with a price-supporting drop in U.S. crude inventories......»»

Oil slipped below $61 a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market......»»

Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak demand outlook adding to downward pressure......»»

Oil prices slid on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that halved the kingdom's output and prompted a price spike not seen in decades......»»

The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic......»»

U.S. crude oil inventories dropped more than expected last week, but the biggest changes came in how much crude and refined products were exported......»»

Oil pulls back from earlier highs as a diminished appetite for risk weighs on the U.S. stock market, but tensions between Saudi Arabia and Yemen help cap crude price declines......»»

Crude-oil prices traded slightly lower early Thursday, in up-and-down trade, with investors wrest.....»»

The U.S. crude oil stockpile unexpectedly jumped by nearly 6 million barrels last week. That has put downward pressure on prices......»»

Oil had fallen on concerns that Saudi Arabia and Russia will pump more crude in the second half of the year......»»

The number of U.S. land rigs drilling for oil rose by a modest 2 this week after several weeks of larger increases. Crude prices are under pressure from increased production by Russian oil giant........»»

Crude-oil prices trade mixed on Wednesday, with a decline for the U.S. contract threatening to end a two-day uptrend as investors assess data signaling growing global appetite for crude against evidence of a pickup in OPEC production......»»

The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank......»»

The number of land-based rigs drilling for oil in the U.S. rose by three this week, it's first increase in a month. Crude oil prices remain under pressure......»»

As the dollar surges, precious metals are under notable pressure, but silver is dramatically underperforming gold as its industrial-usage weighs it down to its lowest price since April 2009... Gold is back at its lowest .....»»