Oil fell to a seven-month low as concerns about a worldwide supply squeeze eased. Futures fell 1.4 percent in New York on Tuesday. American crude stockpiles have been expanding for Continue Reading
Oil prices are likely to be “biased to the upside” for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc. An Continue Reading
The American Petroleum Institute (API) reported a crude oil inventory build this week, this time of 7.83 million barrels for the week ending November 2. The build was the fifth Continue Reading
The sharp reversal marks another twist in an uncertain global market, as investors attempt to piece together the largest influences on supply and demand. “People have lost conviction,” said Tim Continue Reading
Oil prices have swung wildly in the past month ahead of the US sanctions against Iran taking effect. But what are the key factors driving the price swings and what Continue Reading
Missouri voters on Tuesday rejected an increase of 10 cents/gal in the state’s gasoline tax. The tax proposal in Missouri’s Proposition D would have raised the state’s gasoline tax from Continue Reading
Crude oil futures edged down during morning trade in Europe Monday as supply concerns eased on the news that the US would temporarily exempt eight nations from its renewal of Continue Reading
The decision by the U.S. to grant waivers to eight countries, allowing them to continue to import oil from Iran, has helped ease the tension in the oil market. No Continue Reading
Oil prices fell on Tuesday, weighed down by sanction exemptions from Washington that will allow Iran’s biggest oil customers to keep importing from Tehran, as well as by concerns that Continue Reading
Oil prices were mixed on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to Continue Reading
