Oil prices drop - Search News

Crude oil prices today

USA Today · 2d

Crude oil prices today: WTI prices are down 2.49% today

WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.

Midland Reporter-Telegram · 13h

Oil prices crash below $70 a barrel

Bears were unleashed on the oil markets this week as reports OPEC+ was delaying its production increase could not overcome fears about a weakening U.S. economy. A weak jobs report Friday compounded those concerns about the economy and the impact on oil demand.

Barchart on MSN · 17h

Sugar Prices Fall as Crude Oil Prices Tumble

Friday closed down -0.31 (-1.61%), and Oct London ICE white sugar #5 (SWV24) closed down -3.80 (-0.71%). Sugar prices posted moderate losses on Friday, with NY sugar falling to a 1-1/2 week low. Friday's fall in crude prices (CLV24) to a 14-month low pressured sugar prices.

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said in a note on Wednesday.

Wall Street Journal · 2d

Oil Price Drop Casts Doubt on OPEC’s Great Unwind

The plunge in oil prices this week is calling OPEC+’s next move into question. The OPEC cartel and its allies were planning to start increasing oil supply from October, starting with 180,000 barrels a day and gradually stepping up further.

CNN on MSN · 1d

OPEC+ extends oil output cuts again through November

The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts once again as crude and fuel prices continue to slump.

17hon MSN

Oil prices drop 8% for the week, pressured by prospects of a slowdown in demand

Oil futures were steady early Friday as investors awaited the U.S. August jobs report, but were on track for a large weekly ...

17hon MSN

Oil settles down 2%, big weekly drop after US jobs data

Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, ...

15h

Oil's Collapse Took a Toll on Energy Stocks This Week

The sliding price of oil was a huge headwind for energy stocks.

1d

America is pumping so much oil that gas could be below $3 by Thanksgiving

The oil market is in another tailspin. OPEC+ is scrambling to stop the bleeding. And gas prices are falling fast – with more ...

2h

US stocks suffer worst weekly drop in over a year as economic concerns grow

US stocks see their worst week since March 2023, with the S&P 500 down 4.2%. Investors worry over weak economic data, ...

Philippine News7h

Gas Stations Expect Oil Price Rollback Next Week

FUEL PRICE UPDATE – Various gasoline stations in the country are expecting an oil price rollback next week. Filipino ...

2d

Gas below $3? Why fuel prices are continuing to drop in Wisconsin

Generally, gas prices tend to drop after Labor Day weekend, when summer travel peters off and the demand for fuel goes down.

3d

Will Michigan gas dip below $3 a gallon? Prices drop amid lower demand, falling oil costs

Gasoline prices in some states have dropped below $3 a gallon and could go lower in a switch to winter blends.

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