Auto Industry News
Oil Rises $2 As Dollar Eases, Market Wary Of Fed
Brent crude futures for September settled up $1.95, or 1.9%, at $105.15 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose $2, or 2.1%, to settle at $96.70 a barrel.
Oil Rebounds As New Iran Sanctions Fuel More Supply Concerns
Jul 31, 2022 05:54 AM
The rise in oil prices comes after the US announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year.
Oil Prices Settle Down On Fears Of Fed And Oil Profit Tax
Jul 31, 2022 05:51 AM
Oil prices settled lower on Tuesday on fears the U.S. Federal Reserve will surprise markets with a higher-than-expected interest rate hike.
Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Jul 31, 2022 05:48 AM
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May
Oil Rises $2/bbl After G7 Vows New Russian Sanctions
Jul 31, 2022 05:46 AM
Libya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests
Oil Extends Gains As Major Producers Flag Capacity Limits
Jul 31, 2022 05:44 AM
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
Oil Jumps 4% As U.S. Gasoline Prices Hit Record High
Jul 31, 2022 05:41 AM
Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.
Oil Above $120 A Barrel Ahead Of EU Meeting On Russia Sanctions
Jul 31, 2022 05:38 AM
The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation".
Oil Tumbles About 6% As China COVID Lockdowns Weigh
Jul 31, 2022 05:34 AM
Crude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.
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