WTI Futures Back On Rise Again
WTI rose again Thursday on an OPEC Joint Technical Committee forecast. Oil eked out a gain with OPEC and its allies expecting a tighter global oil market in the fourth Continue Reading
Oil Eases as Investors Weigh Resumption of Iran Nuclear Talks
Oil fell for a second day as investors weighed the possibility that Iran may revive exports after a build in U.S. crude inventories. West Texas Intermediate pared some earlier declines, Continue Reading
“Truly Dark Day For Drivers” UK Gasoline Prices Soar To Record High
UK petrol prices have risen to record-high levels in what RAC/Experian Catalist describes as a “truly dark day for drivers,” according to Sky News . Gas prices at the pump Continue Reading
Oil Eases as Investors Weigh Resumption of Iran Nuclear Talks
Oil fell for a second day as investors weighed the possibility that Iran may revive exports after a build in U.S. crude inventories. West Texas Intermediate pared some earlier declines, Continue Reading
Oil plunges to 2-week low on U.S. inventory shock, rise in COVID-19 cases
Oil prices slumped to their lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude, and rising cases of COVID-19 in Europe, Russia, and Continue Reading
Crude Build Puts The Brakes On The Oil Price Rally
Crude oil prices retreated today after the Energy Information Administration reported a build in U.S. crude inventories Gasoline and distillate stocks saw a small decline Crude oil imports came in Continue Reading
Oil Declines After Industry Report Shows Rising U.S Inventories
Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so Continue Reading
Oil Declines After Industry Report Shows Rising U.S Inventories
Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so Continue Reading
Oil drops 1% as U.S. stockpile rise saps rally
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest Continue Reading
Oil drops ahead of stocks data, Iran talks
Oil prices edged lower on Tuesday after rising earlier in the dayand analysts said prices were set to sustain a rally driven by strong demand in the United States, the Continue Reading