Oil prices can withstand Trump's Venezuela pressure
Digest more
Wall Street, oil
Digest more
Oil prices fall
Digest more
Oil prices slid on Monday as investors balanced disruptions linked to escalating U.S.-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.
Wall Street lacked clear direction on Tuesday, as mixed labor market data failed to ignite a fresh wave of risk-on sentiment.
Russian crude prices are at their lowest since the war in Ukraine began, as sanctions deepen the discounts the nation’s oil industry needs to offer and benchmark futures tumble.
Oil prices were on track Tuesday to settle at their lowest since early 2021 as weak economic data from the U.S. and China dulled the outlook for energy demand. China's factory output growth slowed to a 15-month low in November,
TotalEnergies CEO Patrick Pouyanné says oil prices are likely to recover next year as demand grows and OPEC manages supply, while warning that new LNG capacity could push gas prices lower.
Canadian oil sands producers lead by Cenovus Energy Inc. plan to expand production next year despite an impending supply glut that threatens to deepen the slump in crude prices.
1d
Stocks and oil prices often disagree on economic signals. Why equities tend to see better returns.
Stocks and oil prices are telling very different stories about the U.S. economy — but history suggests that equities tend to see better-than-average returns in the periods that follow such divergence.