OPEC, oil prices and Crude
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Meanwhile, renewed attacks by the Houthis on vessels in the Red Sea provided some support to crude oil prices. Red Sea route is vital for crude oil shipments from West Asia to various markets across the globe. July copper futures were trading at ₹891.70 ...
Crude oil futures eased on Tuesday, falling Rs 6 to Rs 5,790 per barrel due to weak spot market demand. Global crude prices also saw a decline.
Zinc contamination in the Mars crude oil stream pushed down demand for the flagship U.S. coastal crude, slashing its prices on Tuesday, six traders and an industry source said.
The Energy Information Administration (EIA) released its weekly report on Crude Oil Inventories, a key indicator of the number of barrels of commercial crude oil held by US firms. The report showed a significant increase in crude oil inventories, defying expectations and surpassing previous levels.
Gas prices in most states, including Oregon, continue to tick down. Gas prices have been trending lower since late June, even with record travel over the Independence Day holiday period. For the week,
West Texas Intermediate (WTI) crude prices remained subdued on Friday, trading near the mid $65 range amid thin holiday trading and weak global demand