U.S. Gasoline Prices Tick Up For Eighth Straight Week
Drivers in the United States are paying more at the pump over the last eight weeks, as retail gasoline prices now averages $2.75 per gallon in the US, according to Continue Reading
Oil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fighting
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well Continue Reading
Why Oil Prices Rallied 30% This Year
Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade —since the second quarter of Continue Reading
Oil Hits $70 On Libya Unrest, Crisis In Venezuela
Crude rallied on Friday morning, ending the week on a bullish note as traders are increasingly concerned about global supply outages. (Click to enlarge charts above) April 5th 2019 Oil Continue Reading
Oil prices rise 1.5 percent as strong U.S. economic data eases demand concerns
Oil prices gained 1.5 percent on Friday as strong U.S. employment data tempered fears about weakening global crude oil demand, and on expectations that an escalating conflict in Libya could Continue Reading
Oil prices dip amid economic concerns, but on track for weekly gain
Oil prices fell on Friday, with Brent slipping away from the $70 mark reached the previous day, pulled down by worries about progress in the U.S.-China trade talks. International benchmark Continue Reading
Brent oil briefly touches $70 per barrel on tight supply
Brent oil prices rose on Thursday, briefly touching $70 a barrel for the first time since November as expectations of tight global supply outweighed pressure from rising U.S. production and Continue Reading
Brent edges further away from $70 level on build in U.S. stocks
Oil prices slipped a second day on Thursday, with Brent edging down further from the $70 mark after weekly U.S. oil data showed a surprise build in crude inventories and Continue Reading
U.S. crude stocks build sharply, production hits fresh peak
U.S. crude oil stockpiles soared unexpectedly last week as imports climbed and production edged higher to a new record, the Energy Information Administration said on Wednesday. Refined fuel inventories fell Continue Reading
Crude oil futures extend rally on tightening supply outlook
Crude oil futures were higher during mid-morning trade in Asia Wednesday, shrugging off a purported build in US crude stocks, as market bulls continued to hold court amid a tightening Continue Reading