Oil near multi-year highs as Iran sanctions tighten supply outlook
Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for the Middle East supply at a time when Continue Reading
Crude Prices Set New 3-Year High in Wake of Iran Sanctions
Oil prices settled at their highest in more than three years Thursday, with the U.S.’s withdrawal from the Iran nuclear agreement continuing to reverberate across markets. Light, sweet crude for Continue Reading
Oil: Deficit to put market on the offensive – Deutsche Bank
Deutsche Bank’s Michael Hsueh noted the possibility of a 2019 oil market deficit could soon put the oil market on the offensive, unless OPEC intervention begins to compensate for growing Continue Reading
IEA Chief: High Oil Prices Could Harm Producers In The Long Term
Oil prices higher than the current levels may not be good news for major oil producers in the medium and long term, as consumers will seek alternatives to refined oil Continue Reading
Citing geopolitical risk, U.S. raises oil price forecast
A forecast for a $7 per barrel increase in the average price for oil this year was made before the U.S. left the Iranian nuclear deal, the government said. In Continue Reading
Bank Of America: Oil Prices Could Hit $100 Next Year
Strong global oil demand growth, quickly falling inventories, and geopolitical issues from Iran to Venezuela could push oil prices to as high as $100 a barrel in 2019, Bank of Continue Reading
Higher gas prices could spoil Trump’s tax cuts
Americans are shelling out more money at the gas pump just as the summer driving season is about to heat up. Soaring crude oil prices have lifted national gasoline prices Continue Reading
Heart of America’s Oil Boom Can’t Fetch Good Prices for Its Crude
The main U.S. oil benchmark, West Texas Intermediate, has soared to its highest level in years at $71 a barrel. Good luck getting that price in west Texas. In the Continue Reading
Oil set for biggest weekly rise in a month as Iran sanctions loom
The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Continue Reading
Goldman: Oil Prices To Hit $82.50 By The Summer
Increased geopolitical tensions in the Middle East, plunging Venezuelan production, and now the U.S. withdrawal from the Iran nuclear deal could push Brent Crude prices to $82.50 a barrel by Continue Reading