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Oil dips, but posts weekly gain on solid 2024 demand outlook

Oil futures prices settled slightly lower on Friday (Jun 14) after a survey showed deteriorating US consumer sentiment, but prices rose 4 per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. ....

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Texans Rejoice: Gas Prices Plummet In The Lone Star State

Texans are enjoying lower gas prices with the average cost per gallon dropping, a welcome change fueled by decreased crude oil prices. ....

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Rising fuel inventories hit crack spreads, likely signaling refining slowdown ahead

Oil futures rebounded strongly, defying OPEC+ announcement. Conflicting demand forecasts; supply deficit expected until winter. ....

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Oil future prices head for weekly gain on solid 2024 demand outlook

US consumer sentiment weakened in June to a seven-month low as inflation and income worries linger, a survey showed on Friday ....

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EIA forecasts increasing US crude volumes - June 16, 2024

The U.S. Energy Information Administration expects to see U.S. crude oil production hit new annual records this year and next, up 2% from a 2023 annual average of 12.9 million barrels per day to 13.2 million bpd this year and increasing another 4% in 2025 to 13.7 million bpd.
Crude from the Permian. ....

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