Crude oil prices continued their rally to test multi-year highs Thursday amid signs of higher demand, despite concerns about future economic growth. Crude oil prices rallied more than 3 percent Continue Reading
Behind the scenes, Saudi officials are eyeing $100 per barrel as a goal, which would help plug a chronic fiscal deficit, but more importantly, it would inflate the value of Continue Reading
Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel , which would help boost the valuation of Saudi Continue Reading
Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation Continue Reading
Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters top exporter Saudi Arabia Continue Reading
Talk of higher oil prices usually sends oil prices higher, and the situation was supported Wednesday by a drain on U.S. crude oil inventories. A surprise draw on U.S. crude Continue Reading
Oil futures jumped nearly 3 percent on Wednesday on a decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see the crude price closer Continue Reading
Oil investors are taking no chances that Iran’s nuclear deal with Western powers will remain intact next month. FILE PHOTO: A worker checks the valve of an oil pipe at Continue Reading
U.S. crude stockpiles probably rose last week: survey Oil closed above $66, rising for the sixth time in seven sessions amid hints that OPEC may further extend its output cuts. Continue Reading
The American Petroleum Institute (API) reported a draw of 1.047 million barrels of United States crude oil inventories for the week ending April 13, largely in line with analysts who Continue Reading
