Oil prices tally their first gain in 4 sessions, buoyed by a drop in U.S. distillate supplies

Oil futures end higher Thursday for the first time in four sessions, finding support following expectations of tight winter heating-fuel supplies in the wake of a nearly five million-barrel weekly drop in U.S. distillate inventories. 


 
U.S. Oil Inventories Surge on Sales of Strategic Reserves

Commercial crude-oil stockpiles jumped by 9.9 million barrels, to 439.1 million barrels, compared with analysts expectations oil supplies would rise by only 1 million barrels from the prior week. 


 
Venezuela Bondholders' Claim on Citgo to Be Decided by New York's Top Court

A federal appeals court deferred ruling on whether U.S. bondholders have valid claims over Venezuela's prized oil refiner Citgo Petroleum Corp., instead asking New York state's highest court to decide on the disputed $1.7 billion debt. 


 
Natural Gas Rebounds Sharply from 3-Month-Low

Natural gas prices finished 4.8% higher at $6.741/mmBtu as the market tried to begin to recover from a 25%-plus drop since the beginning of last month. 


 
Westinghouse Deal Latest Signal of Nuclear Power Revival

The transaction with Brookfield Renewable Partners and Cameco is a bet that nuclear power will play an important role in the transition away from fossil fuels as climate concerns and geopolitics have brought such projects back to the forefront. 


 
OPEC+ Supply Cut Could Tip Global Economy Into Recession, IEA Says

The International Energy Agency slashed its oil-demand forecasts, saying the OPEC cut could undermine longer-term demand for oil. 


 
Energy & Utilities Roundup: Market Talk

Find insight on oil prices, Exxon Mobil's carbon-capture deal with Enlink Midstream and more in the latest Market Talks covering Energy and Utilities 


 
Analysis: Cameco, Brookfield Make Nuclear Bet to Meet Global Power Demand

Cameco and Brookfield Renewable Partners are making a major bet on nuclear power as global energy concerns mount and environmental issues dominate climate discussions. 


 
EU Readies New Proposals to Drive Down Energy Costs

The moves are expected to tackle high electricity and natural-gas prices as Russia wages economic war. 


 
OPEC Slashes Oil-Demand Forecasts After Supply Cuts

The oil-producers group cited elevated inflation, rising interest rates and geopolitical tensions as factors that would reduce demand.


(END) Dow Jones Newswires

10-14-22 0015ET