Oil rises to highest point since 2014 on US-Iran tension
Oil rose to its highest level since late 2014 in Asia-Pacific trading amid rising tension between the US and Iran. Meanwhile, global stocks are firming in the wake of Friday’s Continue Reading
Oil Prices Continue to Rise Fueled by Iran Deal Concerns
Oil futures rose sharply in Asian trading Monday, hitting new 3 1/2-year highs as the U.S. benchmark hovered around $70 a barrel and a deadline to renew waivers of U.S. Continue Reading
Oil surges to fresh highs on growing supply worries
Oil prices rose to their highest levels since late-2014 on Monday, boosted by Venezuela’s deepening economic crisis and a looming decision on whether the United States will re-impose sanctions on Continue Reading
Market Movers Asia, May 7-11: Asian crude buyers grapple with oil prices at four-year highs ahead of US decison on Iran sanctions
Oil markets will be keeping a close eye this week US President Donald Trump’s decision to re-impose sanctions on Iran. In the lead-up to the May 12 deadline, oil prices Continue Reading
Never Trust A Banker About Oil Prices
In recent weeks I’ve commented on the powerful bullish forces that have combined in oil and oil stocks and your need to increase your exposure to them. So, before going Continue Reading
Crude Nears $70 With Traders on Edge Ahead of Iran Deal Decision
Oil futures in New York zeroed in on $70 a barrel as traders brace for a re-imposition of U.S. sanctions on Iran. Prices jumped 1.9 percent on Friday to close at Continue Reading
Oil hits highest since Nov. 2014 as Iran tensions mount
Oil prices rose about 2 percent on Friday, with U.S. crude hitting its highest in more than three years, as global supplies remained tight and the market awaited news from Continue Reading
All Eyes On Iran As Oil Prices Soar
Oil prices are set to close out the week on a quiet note after several days of choppy trading. The markets are still waiting for direction as the U.S.’ decision Continue Reading
Oil Prices Rise Despite Rig Count Gains
US drillers added 11-rigs to the number of oil and gas rigs this week, according to Baker Hughes, adding 9 active oil rigs and 1 active gas rig, with an Continue Reading
Oil steady as U.S. decision on Iran sanctions looms
Oil prices steadied on Friday, consolidating after recent gains, as global supplies stayed tight and the market awaited news from Washington over possible new U.S. sanctions against Iran. Brent crude Continue Reading