Oil prices rise on Iran sanctions, outlook uncertain
Oil prices crept back towards four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. Benchmark Brent crude oil was up 10 Continue Reading
Oil falls from four-year highs; Wall Street weighs
Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from Continue Reading
The No.1 Pitfall For Oil Prices
Global synchronized growth already came to an end earlier this year, although the U.S. is still going strong. However, it remains to be seen how long that can last, with Continue Reading
Is The Threat Of High Oil Prices Overstated?
As U.S. sanctions on Iran have forced some countries to stop importing oil from Iran, crude oil prices have inevitably risen. The U.S. started down this path earlier this year Continue Reading
Column: Oil prices enter the danger zone for consumers
Crude oil prices continue to climb despite attempts by oil producers to reassure the market about availability and the existence of enough spare capacity to offset oil lost as a Continue Reading
Oil price rise puts Asian economies under pressure
The surge in the oil price to a four-year high has taken its toll on Asia’s biggest crude importers, with already weakening currencies deepening the damage. India, in particular, faces Continue Reading
Crude oil futures dip on increased output, US stockbuild; ICE Brent down to $86.15/b; NYMEX WTI $76.29/b
London — Crude oil futures ticked down during European morning trading Thursday on increased output from Saudi Arabia and a build in US stocks, although supply concerns muted the downward Continue Reading
Why The Oil Price Rally May Soon End
Oil forecasters are falling over themselves, publishing new estimates on how high they think prices can go. The rise of Brent to $85 per barrel has forced a rethink among Continue Reading
Oil complex mixed on back of massive US crude stock build; NYMEX WTI up at $75.29/b, ICE Brent $85.01/b
Crude oil and product futures were mixed in mid-morning trading Wednesday in the wake of US Energy Information Administration data showing US crude supply grew sharply last week. Receive daily Continue Reading
Traders bet on oil at $100 as Iran sanctions loom
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record Continue Reading