Category: Prices

Two big events over the next two weeks will determine the trajectory for oil prices in the second half of the year. One of those events will take place in Continue Reading

Oil futures rose 1% on Friday, with U.S. crude up 10% in the week and global benchmark Brent gaining 5%, on fears the United States could attack Iran and disrupt Continue Reading

The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point Continue Reading

Crude oil futures were higher during mid-morning trade in Asia Friday, continuing their upward momentum from the previous day ‘s trading cycle bolstered by the ongoing geopolitical concerns in the Continue Reading

 Oil prices rallied towards $65 per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20% of Continue Reading

Crude futures settled at three-week highs Thursday as the market eyed rising tensions between Tehran and Washington following the downing of a US surveillance drone over the Strait of Hormuz.  Continue Reading

For the world’s biggest oil traders, it feels like a return to the 1980s when earnings were diluted by an abundance of crude.  After three decades of stellar expansion and Continue Reading

Oil jumped more than 3% to above $63 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. Continue Reading

Iran’s Revolutionary Guard said early Thursday it had shot down a U.S. RQ4 Global Hawk drone over its territory. That claim came hours after the U.S. military said a Saudi Continue Reading

Oil prices rose sharply on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month.  Continue Reading