China Taps Crude Stockpiles as Oil Holds Above $100, Limiting Import Demand
China is drawing on its crude stockpiles while oil trades above $100 per barrel, and Reuters columnist Clyde Russell estimates…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Trump invokes Defense Production Act for oil production and refining
President Donald Trump declared petroleum production and refining essential to national defense and invoked part of the Defense Production Act….
Brent Hits Five-Month High After Houthi Attacks on Saudi Energy Sites
Brent crude hit an over five-month high on Thursday after Iran-backed Houthis attacked Saudi Arabian energy infrastructure and airports. A…
Derivative Exchanges Urge CFTC to Deny Kalshi’s Oil Perpetuals Request
The Commodity Markets Council, which represents derivative exchanges such as the CME Group, wants the CFTC to reject Kalshi's request…
U.S. Commercial Crude Stocks Fall 3.1 Million Barrels as Gasoline Inventories Drop
U.S. commercial crude oil inventories fell by 3.1 million barrels in the week ending October 16, the EIA reported. Gasoline…
