Tag Archives: gasoline

Oil prices fell on Wednesday amid concerns about fuel demand and global economic growth ahead of an expected big hike in interest rates by the Federal Reserve. Brent crude futures fell $1.27, or 1 percent, to $119.90 a barrel by 1001 GMT. The price of US West Texas Intermediate crude …

Speaking to supporters in Philadelphia, US President Joe Biden reassured Americans that tackling the worst inflation the nation has seen in decades remains a top priority for him and his administration. The speech comes oner day before the Fed could raise interest rates as much as three-quarters of a percentage …

Oil prices rose by about $1 in volatile trade on Tuesday, June 14, as the impact of global supply shortages outweighed fears that fuel demand would be hit by a recession and new restrictions imposed to contain the spread of Covid-19 in China. The price of US West Texas Intermediate …

Oil prices fell more than $2 on Monday after rising COVID-19 infections in the Chinese capital, Beijing, dashed hopes of a rapid increase in China’s demand for fuel, while concerns about global inflation and economic growth further depressed the market. Brent crude futures fell $1.81, or 1.48 percent, to $119.95 …

Oil prices rose on Friday and were on track to record new weekly gains, supported by strong demand for fuel in the United States, although new measures to combat Covid-19 in Shanghai and Beijing limited the gains. Brent crude rose 98 cents, or 0.8 percent, to $124.05 a barrel by …

Oil prices fell on Friday but remained close to three-month highs, as concerns about new anti-Covid-19 closures in Shanghai outweighed the impact of strong fuel demand in the United States, the world’s largest consumer. Brent crude futures for August delivery fell 77 cents, or 0.6 percent, to $122.30 a barrel …

Crude oil prices jumped over 2% to a 13-week high on Wednesday as US demand for gasoline keeps rising despite record pump prices, while expectations that China’s oil demand will increase faced growing supply concerns in several countries, including Iran.Analysts have said a nuclear deal with Iran could add about …

US President Joe Biden is focused on knocking down sky-high fuel prices, but he has a limited influence to do that and the US President said he cannot take immediate action to bring them down. The oil markets were paying attention to Biden’s plans in March when he announced a …

WTI crude oil has stabilized just below monthly highs near the $114 level, as bulls eye further catalysts towards $120. Familiar themes of strong US demand, EU/Russia oil sanctions, OPEC+ output struggles and easing Chinese lockdowns are supporting prices.The EU’s plans to sanction Russian oil imports have also been in …

Gasoline prices at US gas stations fell over the weekend after hitting an all-time high last week following the Russian invasion of Ukraine. On Sunday, retail gasoline prices fell for the second day in a row, to $4,325 per gallon, below the record high of $4,331 set on Friday, according …