Farmers Reeling From High Oil Prices
But higher oil prices affect not only the gasoline bills of retail consumers. The higher price of oil is also pushing up diesel fuel prices as the harvesting and planting Continue Reading
Oil rises as U.S. says trade war with China is ‘on hold’
Oil rose on Monday, lifted by a rally across stocks and other commodities after the United States said it had put a possible trade war with China “on hold”. Brent Continue Reading
Funds bet on $150 oil as Trump blunders into Middle-East battlefield by rejecting Iran deal
Donald Trump could scarcely have chosen a more treacherous economic moment to tear up the “decaying and rotten deal” with Iran. The world crude market is already tightening very fast. Continue Reading
The Double-Edged Sword Of High Oil Prices
Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors is turning this benign view into a more Continue Reading
How An “Oil Price Shock” Will Hurt The U.S. Economy
One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs – largely Continue Reading
Oil At Highest Level Since 2014
Oil prices pulled back slightly on Friday following a week of bullish news, and despite an increase in U.S. oil production, crude prices are set to continue climbing. Friday, May Continue Reading
Oil prices losing grip on $80 ceiling
After making a run at $80 per barrel this week, crude oil prices were mixed early Friday amid concerns about the economic consequences of the bull market. The price for Continue Reading
American Roadtrippers to Face $3 a Gallon Gas This Summer
US drivers might be feeling flush after getting tax cuts amid a growing economy as they embark on the summer driving season. (Bloomberg) — U.S. drivers might be feeling flush Continue Reading
Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions
Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. But markets remained below Continue Reading
Brent Breaks $80 On Flurry Of Bullish News
Ticker: Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent hit the Saudi target, jumping as much as 1% Continue Reading