WTI, Brent higher as Netanyahu vows Rafah attack

Israeli Prime Minister Benjamin Netanyahu addresses the Conference of Presidents of Major American Jewish Organizations, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Jerusalem, February 18, 2024.  Ronen Zvulun | Reuters U.S. crude oil dropped below $82 a barrel on Tuesday as the market was hit with another round of … Read more

WTI above $83 on hopes for interest rate cuts

U.S. crude oil moved nearly 2% higher Tuesday to top $83 a barrel on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month low of 49.9 in April, according to the S&P Global Flash U.S. Composite PMI. A reading below 50 indicates that activity is contracting. Oil … Read more

Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday

A vehicle refuels at a Shell gas station in Hyattsville, MD, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Gas prices in the U.S. have fallen to the cheapest level of the year just as consumers prepare for the busy holiday shopping and travel season, according to data from the … Read more