Crude oil prices jumped higher today after the Energy Information Administration reported a crude oil inventory decline for the last week of 2019. The draw totaled an impressive 11.5 million Continue Reading
Oil prices spiked immediately after the U.S. killed Iranian General Qassem Soleimani on Thursday. Soleimani, as head of the Quds force of the Revolutionary Guard, was a very powerful Iranian Continue Reading
Highlights Platts Analytics sees Brent capped at $70/b without another attack Analysts see $5-$10/b risk premium from US strike in Iraq Iran might target regional oil infrastructure in retaliation Washington Continue Reading
Brent crude futures jumped nearly $3 on Friday after a U.S. air strike in Baghdad killed top Iranian and Iraqi military commanders, sparking concerns of disruption to Middle East oil Continue Reading
U.S. Marines reinforce the U.S. Embassy compound in Baghdad, Iraq, on Thursday. Crude oil prices skyrocketed and U.S. stock market futures fell on Thursday night following news that a top Continue Reading
Oil prices soared early on Friday morning after U.S. forces in Iraq assassinated Iran’s most powerful and visible military leader, Qassem Soleimani. The United States killed the Iranian general in Continue Reading
Crude oil futures were higher during mid-afternoon trade in Asia Thursday on positive US inventory data from the American Petroleum Institute coupled with rising optimism from the OPEC output cuts. Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Thursday amid a bullish report on last week’s US crude inventory, while lackluster trade activity amid year-end holidays could limit Continue Reading
One New Year’s resolution to make: Do not take the price of oil for granted. As we head into a new decade, complacency about the low price of oil is Continue Reading
Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China Continue Reading
