Thursday closed up +1.16 (+1.75%), and August RBOB gasoline (RBQ25) closed up +0.0264 (+1.23%). Crude oil prices rallied Thursday on concerns about tighter global oil supplies after Iraq said it has lost about 200,

WTI crude steadies near $67 as traders weigh EU sanctions, Iraq supply risks, and a cautious oil outlook with key support at $64 still holding firm.

China accelerated the pace at which it is building crude oil stockpiles in June as the strongest imports in almost two years outweighed a rise in refinery processing.

Oil prices are influenced by a complex interplay of supply, demand, and geopolitical events, not solely by OPEC or U.S. presidents.

The crude oil market continues to see a lot of support just below, as the markets are trying to retain the recent breakout above what had been a massive barrier for some time. This is a market that is slightly bullish overall.

India has the scope to cut fuel prices if crude oil prices stay at current levels for the next two to three months, Oil Minister Hardeep Singh Puri said on Thursday.

The Nigerian crude price rose toward the Federal Government benchmark as drones targeted oilfields in Iraq for the fourth time,

US proved reserves of crude oil and lease condensate totaled 46 billion barrels at the end of 2023, a 3.9% decline from the previous year’s record, th