Oil Rises After Industry Report Points to US Stockpile Drawdown

-- Oil rose, after falling more than 2% on Tuesday, as an industry report pointed to a sizable drop in US crude stockpiles and tensions simmered in the Middle East.Johannesburg Mayor Quits Amid Infighting, Financial Woes

Elsewhere, risks remain that a retaliatory strike by Iran on Israel may lead to a spike in oil prices. The US said an attack has grown more likely and could come as soon as this week.Kamala Harris 4.0: Liberal, Moderate or Something Else?Oil strengthens as fall estimated in US crude inventories After the COVID-19 pandemic, two strikes in Hollywood and with the impact of streaming and the advent of A.I, the media landscape has continued to shift and consolidate, as Warner Bros. Discovery CEO David Zaslav predicted as recently as the 2024 Allen & Co. Sun Valley Retreat.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil Rises After Industry Report Shows Another US Stockpile Draw(Bloomberg) -- Oil rose for the first time in four sessions after an industry report pointed to a fifth week of drawdowns in US stockpiles.Most Read from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tesla's Elon Musk advises against vilifying oil and industryTesla (TSLA) CEO Elon Musk spoke with former President Donald Trump in a livestream on X (which Musk also owns). The EV executive warned against vilifying...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Venezuela's oil industry operating normally amid election protestsVenezuela's oil production and exports were working normally on Thursday following last weekend's disputed presidential election that has triggered protests ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

As wildfires threaten, oil and gas industry braces for increasing risks from a changing climateIn 2023, Suncor Energy Inc. filed a disclosure document laying out what would happen if an extreme weather event in northern Alberta were to force a 10-day shutdown of its Base Plant oilsands mine. Trees line Suncor's oilsands operation near Fort McMurray, Alta. on Friday, Sep. 1, 2023.
Source: CBCCalgary - 🏆 78. / 51 Read more »