Why Oil Prices Rose And Crashed In 2018
Last week the price of West Texas Intermediate (WTI) crude oil, the primary U.S. benchmark, fell to a 17-month low. The price, $45.88/bbl, marks a stunning fall from a price Continue Reading
Low Oil Prices Could Cripple Texas Job Growth
Job growth in Texas is not exactly screeching to a halt, but low oil prices could start to lead to weaker employment figures. “The Texas labor market will likely tighten Continue Reading
Crude oil futures recover on bullish equity markets; ICE Brent up at $52.97/b, NYMEX WTI $45.56/b
Crude oil futures recovered during European trading Friday morning following the overnight plunge, getting a lift from rising equity markets, analysts said. At 1052 GMT, ICE February Brent crude futures Continue Reading
Oil prices steady near year-and-a-half lows ahead of New Year
Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in U.S. equity markets but pressured by worries about Continue Reading
Oil Prices Set To Rebound In 2019
Crude prices finished off the year with a small rally, and analysts are suggesting oil could climb even higher in the coming months. (Click to enlarge) (Click to enlarge) (Click Continue Reading
Oil prices rebound but still weak due to oversupply
Oil prices rebounded on Friday, clawing back some of the ground lost this week, but remained close to their lowest levels in more than a year as rising U.S. inventories Continue Reading
Crude settles lower amid volatile equity session
Crude futures plunged ahead of the market settle Thursday as equity markets tested session lows in midafternoon trading. ICE February Brent settled $2.31 lower at $52.16/b and NYMEX February WTI Continue Reading
Surprise Inventory Build Sends Oil Prices Lower
The American Petroleum Institute (API) reported a surprise crude oil inventory build of 6.9 million barrels for the week ending December 21, compared to analyst expectations that we would see Continue Reading
Oil prices slide as concerns about global economy, oversupply weigh
Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production Continue Reading
Has Oil Hit Rock Bottom?
Oil prices roared back on Wednesday, rebounding and regaining some of the steep losses suffered in previous trading days. The bounce suggests there is some signs of life in the Continue Reading