Oil prices hold steady
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This story was originally published by Grist with the headline How low oil prices turned Trump’s call to ‘drill, baby, drill’ into a pipe dream on Sep 16, 2025.
Crude oil futures rose modestly after OPEC+ said it will continue unwinding voluntary production cuts in October with a 137K bbl/day increase, smaller than some market watchers expected.
Oil prices rose at the close of trading today, Sept. 15, amid investor concerns about the impact of Ukrainian attacks on Russian refineries and US Pre
The U.S. Energy Information Administration's short-term outlook for oil prices forecast a slide in prices, potentially leading to lower rig counts and more job losses.
The crude oil market has been rangebound for a couple of weeks, and it looks like the buyers are willing to step in and support the market for the time being. However, we have a very important Federal Reserve interest rate decision on Wednesday that could cause volatility.
Gas prices in Oregon and Washington are surging due to an outage at the Olympic Pipeline, as well as planned and unplanned maintenance at refineries in Washington and California, but AAA Oregon/Idaho said Tuesday the situation should ease and prices begin falling soon.
Cardinal's thermal oil projects aim for 53.8% growth by 2027, but dividend sustainability is in question with oil prices dropping. See why the CRLFF is a Hold.
Oil prices experienced a dramatic turnaround today, surging higher due to fresh concerns about Russian output and geopolitical risks, despite earlier oversupply jitters.