Brent crude prices rose on Thursday after Saudi Arabia suspended its oil shipments through a key Red Sea strait in response to an attack on two of its tankers and Continue Reading
US oil prices extended their gains on Wednesday after an official report showed a larger than expected draw in weekly crude and gasoline inventories. US crude stockpiles fell by 6.15m Continue Reading
Oil prices rose for the second consecutive day on Wednesday after U.S. government data showed domestic crude inventories fell to their lowest since February 2015, easing worries about oversupply that Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Wednesday amid expectations of a fall in US crude stocks and as sentiment continued to be swayed by the likely Continue Reading
Oil prices rose Tuesday on expectations China’s plan to boost government spending will keep global oil demand robust and on concerns simmering tensions between the U.S. and Iran may disrupt Continue Reading
Crude oil prices were in mixed territory ahead of the start of U.S. trading on Tuesday as Middle East tensions balanced against global trade risks. Crude oil prices settled down Continue Reading
The oil price rebound that has buoyed many embattled crude producers may not last. Ed Morse, managing director and global head of commodities research at Wall Street bank Citigroup Inc. Continue Reading
It’s summer. It’s hot. We all want to go on vacation. But for those of us who watch the oil market, there’s a nagging feeling that we won’t get to Continue Reading
Retail gasoline prices in the United States are showing signs of a steady decrease, but remain vulnerable to geopolitical tensions, analysts said. Motor club AAA reported a national average retail Continue Reading
The higher oil prices and the subsequent higher oil revenues play a part in a significantly improved outlook for the state finances and trade balances of the Arab Gulf countries, Continue Reading
