By Shariq Khan BENGALURU (Reuters) -Oil prices rose for the third straight session on Monday and were on pace for their biggest monthly gains since January 2022, supported by signs of tightening global supply and rising demand through the rest of this year. More actively traded October futures were up…

Investing.com – inventories fell by just a third of expected levels last week despite an end to drawdowns from the national oil reserve, government data showed Wednesday. Changes to fuel inventories were also underwhelming, the Weekly Petroleum Status Report from the Energy Information Administration, or EIA, showed. Gasoline balances also…

(Reuters) – Russia’s Defence Ministry said on Wednesday it would deem all ships travelling to Ukrainian ports to be potential carriers of military cargo and their flag countries to be parties to the conflict on the Ukrainian side. The move follows Russia’s decision this week to pull out of the…

By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter supplies and China’s pledge to reinvigorate its economic growth. futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a…

Investing.com — Oil bulls might need a new scapegoat if the market doesn’t perform to their expectations. Oil prices settled lower on Wednesday after government data showed U.S. crude inventories fell by just a third of expected levels last week, even after the Biden administration halted weekly additions of oil…

By David Shepardson WASHINGTON (Reuters) – Senator Ed Markey on Wednesday said he is proposing additional taxes on private jet trips to address the climate impacts of wealthy travel. Markey, a Democrat on the Senate Commerce Committee that oversees aviation, said the bill would require wealthy travelers “to pay their…

MOSCOW/LONDON (Reuters) -Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying military cargoes, after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The moves by both countries on Wednesday came just…

WASHINGTON (Reuters) – The White House warned on Wednesday that Russia may expand its targeting of Ukrainian grain facilities to include attacks against civilian shipping in the Black Sea. Adam Hodge, White House National Security Council spokesperson, said U.S. officials have information indicating Russia laid additional sea mines in the…

Investing.com — Oil prices steadied in Asian trade on Thursday, coming under pressure from concerns over sluggish U.S. summer demand and economic weakness in China, while a recovery in the dollar also weighed.  Crude prices marked wild swings this week as markets weighed weak Chinese economic data, the prospect of…

Investing.com — Gold prices rose in Asian trade on Thursday, hitting an over two-month high as weak UK inflation data fed more bets that global interest rates were close to peaking, while some weakness in the dollar also helped. The yellow metal was now about $15 away from the coveted…