Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses Continue Reading
The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch. The investment bank noted that oil prices had collapsed in late Continue Reading
International exchange operator CME Group has teamed up with Enterprise Products Partners to launch an electronic trading platform specifically focused on spot contracts for American crude oil for export, Reuters Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Tuesday amid an expected draw in the US’ crude inventory last week, while news on Iranian sanctions and OPEC meeting Continue Reading
SOil prices rose by more than 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth Continue Reading
Oil and natural gas futures moved in opposite directions. West Texas Intermediate (WTI) and Brent crude oil futures fell for the third straight session Monday while natural gas futures posted Continue Reading
Oil prices extended their declines on Monday as weak economic data out of China stoked worries that a slowdown could drag on fuel demand. China’s exports and imports fell in Continue Reading
The mood in the crude oil and oil product futures market turned decisively sour in the fourth quarter of 2018 as building crude oil oversupply and signs of slowing global Continue Reading
The Russian bear is on the prowl once again as President Putin seeks to expand Moscow’s influence and bolster the one-time superpower’s global influence while proving to constituents he can Continue Reading
U.S. consumer prices inched down by 0.1 percent in December, due to a sharp decline in gasoline futures, the U.S. Bureau of Labor Statistics said on Friday, reporting the first Continue Reading
