Category: Prices

 Turkey’s currency crisis has raised fears of destabilization in emerging markets. With higher financial risks in mind, traders sold off oil. EIA’s bearish report. The EIA reported a 6.8-million-barrel increase Continue Reading

Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as Continue Reading

Oil rose slightly as global markets steadied on Thursday, recovering some of the previous day’s 2 percent slide, though a weakening outlook for crude demand kept prices in check.  The Continue Reading

Crude oil futures remained steady Thursday during the European morning trading session following the release of bearish Energy Information Administration data Wednesday and news that the US and China will Continue Reading

Oil prices steadied Thursday after commodities prices, led by metals, fell as investors worried that an economic slowdown in emerging markets and China could harm demand. Brent crude, the global Continue Reading

Oil edged higher as global markets steadied on Thursday, recouping some of the previous day’s 2 percent slide, though a weakening outlook for crude demand kept prices in check.  The Continue Reading

While the oil market and analysts are trying to guesstimate how much Iranian oil the U.S. sanctions will stifle later this year, they all agree that the return of the Continue Reading

Oil prices fell on Wednesday, weighed down by a report of rising U.S. crude inventories and as the outlook for global economic growth darkened, stoking expectations of lower fuel demand.  Continue Reading

Oil prices edged lower on Tuesday, weighed down by a strengthening U.S. dollar as investors remained concerned about the financial crisis in Turkey. Brent crude LCOc1 dipped 15 cents to Continue Reading