Oil prices drop - Search News

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 · 16h

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 · 20h

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.

Oil, OPEC+

Wall Street Journal · 3d

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.

MarketWatch · 17h

Energy Down With Oil Despite OPEC+ Production Plans Reversal - Energy Roundup

Shares of energy companies fell as a downdraft in oil futures continued despite a decision from OPEC+ to postpone production increases. U.S.-traded oil futures fell 8% for the week, and globally tracked Brent crude futures settled at their lowest since 2021,

Reuters on MSN · 1d

Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay

Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed U.S. employment data.

19hon 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 ...

19hon 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, ...

17h

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

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

Citi Says Oil Prices Could Plunge Below $60 Amid Market Uncertainty

Citi predicts oil prices could fall to $60 per barrel by 2025 if OPEC+ doesn't cut production further. Goldman Sachs also ...

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 ...

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, ...

Stocks Slump and Oil Prices Slide as Unease Returns to Markets

A plunge in Nvidia’s stock drove a sell-off among chipmakers and a broader drop in tech stocks. Shares of Nvidia fell 9.5 percent, dragging the Nasdaq Composite down 3.3 percent.

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.

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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