US Crude Oil Inventories Sink Again As Gasoline Stocks Unexpectedly Rise

U.S. crude oil inventories posted another steep decline last week, extending a recent trend of large drawdowns. However, the latest industry estimates also revealed an unexpected increase in gasoline supplies, adding a new twist to the market’s ongoing balancing act. The latest figures arrive as oil prices continue to face pressure from concerns over weakening […]


Wall Street Climbs to Fresh Highs as Oil Prices Cool and Corporate Earnings Impress

Wall Street pushed deeper into record territory Tuesday as easing oil prices and another wave of strong corporate earnings helped fuel investor confidence, even while tensions in the Middle East continued to simmer. The rally marked another show of resilience for U.S. markets, which have continued climbing despite months of geopolitical uncertainty and volatile energy […]