Oil prices up 1% on Chevron's power initiative - Breaking The News

Oil prices up 1% on Chevron's power initiative

28 January

1 min read

EPA-EFE/TANNEN MAURY

Crude oil prices jumped by more than 1% on Tuesday after the American oil company Chevron Corp. announced that it is partnering with the investment firm Engine No. 1 to strengthen the United States' AI capabilities using energy investments. The increase in prices came after declining yesterday amid the Chinese AI startup DeepSeek, causing the US markets to plunge when the stocks of major tech companies, such as Nvidia and ASML, plummeted.

West Texas Intermediate (WTI) for March deliveries increased by 1.38% to $74.12 a barrel at 8:31 am ET. Brent for the same month's settlements climbed by 1.22% to trade at $78.04 a barrel at 8:35 am ET.

oil

Related Stocks

Brent Crude (ICE)

F WBS

Baker Hughes: US oil rig count down by 2 to 486

a day ago

The number of oil rigs in the United States saw a weekly drop of two to reach 486 in the seven days ending February 28, Baker Hughes said in its report published on Friday. Compared to the same period the year before, the figure declined by 20.That of gas rigs rose by three compared to the previous week to 102 but decreased by 17 on an annual basis. In total, the rigs in the US rose by one week-on-week while sliding by 36 year-on-year to 593.In Canada, the...

Oil prices down by 1% amid tariff woes

28 February

Crude oil prices declined by more than 1% on Friday after United States President Donald Trump's announcement that China will be charged with an additional 10% tariff on March 4, which the Chinese Foreign Ministry condemned, promising "all necessary countermeasures" if the tariffs are actually imposed on that date.West Texas Intermediate (WTI) for April's settlements dropped by 1.11% at 6:30 am ET, selling for $69.36 per barrel. Brent for the...

WTI up by almost 2.5% with Trump in spotlight

27 February

The prices of oil futures jumped on Thursday amid concerns about and analyses of United States President Donald Trump's introduced and prospective tariffs on various imports from other countries. Meanwhile, he also voiced his intention to revoke the oil transaction agreement the US had with Venezuela.Additionally, it was reported that the Organization of the Petroleum Exporting Countries and its partners (OPEC+) are hesitant to raise its output...

Oil up 1% amid Trump admin policy uncertainties

27 February

Oil prices gained over 1% on Thursday amid mixed signals from the Trump administration on tariffs. After United States Director of the National Economic Council Kevin Hassett said President Donald Trump will decide on tariffs following the publication of a study on April 1, Trump took to social media to confirm that tariffs on imports from Canada, Mexico and China will come into effect on March 4. Yesterday, Trump also decided to revoke Chevron Corp.'s deal with...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.