Why crude oil price is going up today

Strategic Petroleum Reserve amid concern over recent soaring gasoline prices. Generally, the U. Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. Brent and WTI prices retreat from two-week highs U. More from Reuters. Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Sign up. Russia seen as holding EU gas hostage to approve Nord Stream 2. Brian Sullivan Thu, Nov 11th Abigail Ng Fri, Nov 12th The Road to COP Climate campaigners to target banks after landmark court victory against Shell. VIDEO The Exchange. Oil and copper are our two favorite commodities here, says Goldman's Courvalin. Sustainable Energy. Shell teams up with Norsk Hydro to work on green hydrogen projects.

Clean Energy. Investors want Exxon Mobil to pivot. Here's the oil giant's new playbook. Squawk on the Street. UK faces 'brutal' energy prices ahead of winter. Trump's former energy secretary claims Biden's policies could lead to 'disaster'.

Federal appeals court calls Biden vaccine mandate 'fatally flawed' and 'staggeringly overbroad'. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Oil rises after Aramco raises crude selling price Oil prices rose on Monday after Saudi Arabia's state-owned oil producer Aramco raised the official selling price for its crude, suggesting demand remains strong at a time of tighter supplies.

Oil climbs on surprise US crude stocks decline Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U. All News Videos Photos. Oil prices rise on slow OPEC oil output increase Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world's top oil consumer China ramped up operating rates to meet a spike in diesel demand.

Oil prices set for first weekly drop since August as supply concerns ease Oil prices were mixed on Friday, but headed for their first weekly losses in at least eight weeks after U. Oil falls after increases in US crude, fuel stockpiles Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world's largest oil consumer.

Oil takes breather after latest charge amid tight market Oil prices edged lower on Tuesday, taking a breather from a sustained rally driven by strong demand in the United States, the world's biggest consumer of oil and its products.

Oil prices on the march again in tight market; US crude at 7-yr high Oil prices rose on Monday, extending pre-weekend gains, with U. Oil prices fall as weaker China growth, US output stoke demand concerns Oil prices fell on Tuesday, with Brent down a second straight day, after Chinese data showed slowing economic growth and U.

Oil prices climb to highest in years as COVID recovery, power generators stoke demand Oil prices hit their highest in years on Monday as demand continues its recovery from the COVID pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Oil rises on expectation high natural gas to drive switch for heating Oil prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs.

Oil climbs on switch from gas and doubts over US releasing reserves Oil prices rose on Friday, tracking towards a 4. Oil price surge not always a crude shock for Indian equities In the past two decades, the benchmark Nifty has rallied in six out of the nine times when crude prices ran up.

Oil prices advance amid US supply tightness signals Brent crude gained 52 cents or 0. Crude oil futures dip on weak spot demand On the Multi Commodity Exchange, crude oil for the October delivery dropped by Rs 69, or 1.