Oil’s futures curve slips into backwardation as diesel cracks hit $100 a barrel
Oil's futures curve has swung into backwardation, with near-term contracts trading above longer-dated ones as diesel margins hit historic highs….
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
US Crude Oil
live price
91.812
+0.59%
Oil Nears $90 as Tight Refining Capacity Squeezes Diesel Prices
Crude climbed further, pushing oil back toward the $90 level, while pump prices have yet to catch up. The report…
Ukraine strikes major oil refinery and terminal, extending deep-strike campaign on Russian energy
Ukraine struck a major Russian oil refinery and a smaller oil terminal overnight, extending a campaign aimed at cutting the…
Oil hits three-week high as Iran war impasse threatens Middle East supply
Brent and WTI crude both climbed to three-week highs on Thursday, gaining for a fifth straight session as the impasse…
Somali pirates return in force as U.S.-Iran war drains naval patrols
Somali pirates have seized two commercial vessels since July as the U.S.-Iran war diverts naval resources away from anti-piracy patrols…
