Oil Markets Show Modest Recovery After $2 Decline Crude oil prices posted a slight rebound Thursday following the $2-per-barrel drop on Wednesday, as investors weighed ongoing concerns about global oversupply. Despite Thursday’s uptick, traders remained cautious after the Energy Information Administration (EIA) reported a larger-than-expected increase in U.S. crude inventories, offsetting optimism for a broader …
Oklahoma energy market reacts to oil and gas price declines A sharp drop in energy fuels on Tuesday marked another difficult day for the crude oil and natural gas markets, as both commodities continued a three-day slide. Crude oil prices fell nearly 2%, and natural gas prices dropped more than 4%, signaling growing market unease …
Oil Prices Post Modest Rebound but End Week in Decline Crude oil futures ended Friday with minor gains, but the weekly picture showed another steep drop. Brent crude futures rose 23 cents, or 0.38%, closing at $61.29 a barrel. West Texas Intermediate (WTI) crude edged up 8 cents, or 0.14%, to settle at $57.54 on …
