Oil prices closed at fresh three-year highs Tuesday, as geopolitical risk and confidence in global growth continued to buoy markets. Light, sweet crude for February delivery rose $1.23, or 2%, Continue Reading
As the oil price rally continues it is looking increasingly likely that Brent will break the $70 mark, a scenario that has OPEC on edge as prices move beyond its Continue Reading
When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no easy way to answer this question. The price Continue Reading
Severe winter weather put a strain on the U.S. energy grid, but low consumer demand for gasoline left the price at the pump stable, market reports found. More than a Continue Reading
Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for the eighth week. Continue Reading
Crude prices rose Monday, holding on to robust gains made last week on tighter stocks in the U.S. and perceived risks to global supply. U.S. crude futures rose 29 cents, Continue Reading
Crude oil prices started Monday in positive territory, continuing from last week’s rally as shale producers in the United States showed a bit of a pullback. The bulls were running Continue Reading
A perfect storm of geopolitical risk and severe weather in the United States helped drive oil prices close to $70 per barrel, but will it last, an analyst asks. A Continue Reading
The oil market has come to be defined by several narratives over the past couple of years: market rebalancing, OPEC versus shale, Russia’s delicate relationship with OPEC, OPEC’s conformity with Continue Reading
OPEC and its Russia-led non-OPEC allies in the deal managed to stay together for a full year of high compliance with the oil production cuts and have agreed to extend Continue Reading
