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Oil Prices Fluctuate Amid Record US Production and Stockpile Forecasts

Oil prices experienced a volatile day in the market, with Brent futures ending slightly higher while U.S. West Texas Intermediate (WTI) crude closed lower...

Massive Increase in US Crude Stocks of Nearly 13 Million Barrels; Gasoline Inventories Rise

In a significant development, the American Petroleum Institute (API) reported on Tuesday a substantial increase in US crude oil stocks, potentially the largest since...

Crude Oil Prices Display Marginal Gains as Markets Await Catalysts

Crude oil prices in the Asian session experienced slight gains, hovering a few cents above the previous day's lower closing prices. The oil market...

How Much Crude Oil Is Left in the Earth: Crude Oil Reserves

Crude oil is the lifeblood of the modern world, powering industries, transportation, and countless products we use daily. As a finite resource, the question...

U.S. Crude Inventories Rise by 1.6 Million Barrels; Gasoline and Distillates Decline

In the most recent week, U.S. crude oil stockpiles experienced an increase following a significant drop in the preceding week. Meanwhile, gasoline and distillate...

U.S. Crude Oil Stocks Rise for the First Time in 5 Weeks

U.S. crude oil inventories experienced an unexpected surge of nearly 4 million barrels in the week ending September 8, marking the first increase in...

Will oil price go up today: A Comprehensive Guide

The daily fluctuations in oil prices are closely monitored by individuals, businesses, and governments around the world due to their significant impact on various...

Oil Prices Experience Marginal Decline; Focus on U.S. Inventories

On Tuesday, oil prices registered a slight decrease as market participants cautiously assessed the potential implications of a weakening Chinese economic rebound. Concurrently, investors...

Oil Prices Retreat from Four-Month Peak Amidst Dollar Strength

Oil prices experienced a decline during European trading on Tuesday, marking the second consecutive session of retracement from a four-month pinnacle, primarily driven by...

Macro data review last Friday (July 10)

Asia Pacific 1. The People's Bank of China: China's foreign exchange reserves at the end of June reported US$3.193 billion, an increase of US$16.492 billion...

Oil Prices Rise on Optimism

Oil prices rose on May 18 as traders bought into risky assets on optimism about U.S. debt-ceiling talks, largely ignoring a bearish EIA report. U.S....

What percentage of oil is used for fuel

Oil is a versatile and valuable natural resource that is used in many different industries and applications. However, one of the primary uses of...

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