Oil prices on Thursday hit their highest in over 2-1/2 years, marking levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Continue Reading
Oil prices rose about 2 percent on Wednesday to the highest in 2-1/2 years, with a sixth day of unrest in OPEC member Iran and strong economic data from the Continue Reading
Stockpiles probably fell 4.7 million barrels last week: survey Dallas Fed survey found $61-a-barrel is key price level Oil approached $62 a barrel for the first time in three years, Continue Reading
The American Petroleum Institute (API) reported a draw of 4.992 million barrels of United States crude oil inventories for the week ending December 29, marking five large draws in as Continue Reading
Retail gas prices started the year at their highest level in four years, with some regional inventories at their lowest levels in seven years, a survey found. Motor club AAA reports Continue Reading
The effect is twofold: extreme cold is actually cutting production, while demand is surging because everyone is turning up the thermostat to stay warm. First the supply side. There are Continue Reading
Oil traded near its highest level since 2015 on Wednesday, having risen above $67 a barrel during the previous session. The sustained strength came after hedge funds placed a record Continue Reading
Oil prices on Wednesday dipped away from the mid-2015 highs reached the previous session as high output in the United States and also Russia undermined ongoing efforts led by OPEC Continue Reading
Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more Continue Reading
Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns. Both WTI and Brent opened above $60 per barrel for the first time Continue Reading
