Oil Rises With Dollar’s Descent Countering Demand Worries
Oil wiped out an earlier decline as a slump in the dollar offset mounting concerns that global demand is weakening. The global Brent benchmark rose to trade near $94 a Continue Reading
Oil prices rise as supply uncertainty mounts
Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil shipments loomed, with tight supply struggling to meet still robust demand. Continue Reading
Oil prices could spike in winter, Yellen says
U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, Continue Reading
Gasoline Prices Could Spike This Winter
Gasoline prices in the United States could spike this winter as an embargo on Russian oil imports comes into effect in the European Union, Treasury Secretary Janet Yellen has warned. Continue Reading
Oil supported by supply threats yet still set for weekly drop on demand fears
Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs Continue Reading
Oil Pares Weekly Decline Spurred by China Demand Concerns
Oil pared some of its second consecutive weekly loss, casting relief at the end of a week burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may Continue Reading
Oil Pares Weekly Decline Spurred by China Demand Concerns
Oil pared some of its second consecutive weekly loss, casting relief at the end of a week burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may Continue Reading
Oil supported by supply threats yet still set for weekly drop on demand fears
Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs Continue Reading
Large Crude Build Sends Oil Prices Tumbling
Crude oil prices eased from their earlier gains after the Energy Information Administration reported inventories had added 8.8 million barrels for the week to September 2. This compared with an Continue Reading
Oil Futures Signal Death Cross
The last time this pattern was recognized was February 25th, 2020, which was followed by a plunge of 77 percent over the ensuing two-month period. (The views and opinions expressed Continue Reading