Crude oil futures were marginally lower during mid-morning trade in Asia Friday awaiting fresh price cues after an overnight slump of more than $1/b on oversupply concerns. At 10:55 am Continue Reading
Oil stabilized on Friday after spending most of the week sliding, but markets remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude down Continue Reading
Crude oil prices were lower Thursday morning as bearishness was fueled this week by U.S. waivers to allow some countries to continue to buy Iranian oil, as well as an Continue Reading
US crude prices closed in a bear market on Thursday, extending a rout driven by easing concerns of tight global supplies. Oil prices have tumbled over the past month, with Continue Reading
WTI Crude prices could drop into the $40s, with the U.S. oil benchmark in a ‘ferocious’ bear market, analyst and CNBC host Jim Cramer said on Thursday. WTI Crude prices Continue Reading
Secretary of State Mike Pompeo said Thursday there is growing international support for the US campaign to push Iranian oil exports to zero. “We have an enormous coalition supporting our Continue Reading
Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy could stoke an emerging fuel glut. However, oil markets were Continue Reading
After on Tuesday the API accelerated the price slide that began last week with an estimated crude oil inventory build of 7.83 million barrels , the EIA added fuel to Continue Reading
Oil prices slipped on Wednesday, continuing a recent slide after surging U.S. crude output hit another record and domestic inventories rose more than expected. The U.S. Energy Information Administration (EIA) Continue Reading
Oil rebounded toward $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in Continue Reading
