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North America Drops More Rigs

Rigzone

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count. Of the total U.S.

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Oil rises to 7-week high on US-China trade deal

Oil & Gas 360º

a barrel at 1249 GMT, while U.S. Supplies will increase though as OPEC+ plans to increase oil production by 411,000 barrels per day in July as it looks to unwind production cuts for a fourth straight month. Brent crude futures were up $1.15, or 1.7%, to $68.02 West Texas Intermediate crude was up $1.31, or 2%, to $66.29. EIA/S] U.S.

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Geopolitical Premium Keeps Oil Elevated

Rigzone

to around $74 a barrel after White House Press Secretary Karoline Leavitt made the comments on Trump’s timeline for the decision at a White House press briefing. a barrel at 3:06 p.m. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! West Texas Intermediate’s more-active August futures were up 0.5% in New York.

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Falling oil prices poised for biggest monthly decline since 2021

Oil & Gas 360º

a barrel by 1305 GMT. million barrels last week, market sources said on Tuesday citing American Petroleum Institute data. crude oil stocks numbers for last week to show an increase of 400,000 barrels. Brent crude futures were down 77 cents, or 1.2%, at $63.48 crcrude oil inventories rose by 3.8 API/S] U.S.

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Oil rises 1% but trades at multi-year lows as China braces for US trade war

Oil & Gas 360º

a barrel at 10:13 a.m. Goldman Sachs forecast that Brent and WTI crude prices would be at $62 and $58 a barrel by December 2025, and at $55 and $51 by December 2026, respectively, under different scenarios. million barrels, indicating market expectations of weak demand. Brent futures were up 66 cents, or 1.03%, at $64.87

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Oil prices retreat on weak U.S. data, despite Trump tariff block

Oil & Gas 360º

a barrel, and West Texas Intermediate crude futures dropped 0.6% US oil inventories see major drawdown – API Data from the American Petroleum Institute showed on Wednesday that U.S. million barrels (mb) in the past week, in contrast to expectations for a build of 1 mb. oil inventories shrank by 4.24

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Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

Oil & Gas 360º

per barrel by 11:03 a.m. billion on weaker refining and gas trading. PRODUCTION RISING Several members of OPEC+, which comprises the Organization of the Petroleum Exporting Countries and its allies, will suggest an acceleration of output hikes for a second consecutive month in June, sources told Reuters last week.

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