Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by OPEC and other major exporters including Russia. Benchmark Brent crude oil LCOc1 was unchanged at $63.49 Continue Reading
Oil prices touched a more than two-and-a-half-year high this week, but have faltered mid-week. Market sentiment is more bullish than it has been in a long time, but the risk Continue Reading
U.S. crude futures fell 39 cents, or 0.68%, to $56.81 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 20 cents, or 0.31%, to $63.49 a Continue Reading
Oil prices fell on Wednesday as Chinese crude imports slipped to their lowest level in a year, although traders said the overall market remains well supported because of OPEC-led supply Continue Reading
Oil prices hit two-year highs on Monday following bullish news coming from OPEC and the Middle East, further stressing the tremendous impact of geopolitical risk on oil markets. – The Continue Reading
Crude oil prices were have hit a two-year highs. Despite the misgivings of some pundits who view oil simply as a means for making money from short plays, the global Continue Reading
Saudi attorney general says arrests just start of crackdown U.S. crude stockpiles probably fell by 2.45 million barrels Oil traded near the highest level in more than two years as Continue Reading
Brent prices hit $60 a barrel 10 days ago and have maintained that level ever since, sparking talk that this could be the new floor under oil prices and that Continue Reading
After boasting of unprecedented economic growth, Iranian state media said the situation has improved after its benchmark for oil passed $60 per barrel. Iran Heavy crude breached $60 per barrel Continue Reading
After a downgrade on its credit rating, Oklahoma’s governor urged House leaders to move quickly to pass a measure meant to close a looming budget gap. House leaders in Oklahoma Continue Reading
