AAA Gas Prices
According to the Energy Information Administration (EIA), the latest gasoline demand measurement is the highest for the end of October since 2006. At $2.53, today’s gas price is six cents Continue Reading
Russian Oil Exports Could Be Looming Problem for Prices
Russia, the world’s largest oil producer, has ramped up its crude exports this year, potentially undermining a deal with the Organization of the Petroleum Exporting Countries cartel that has helped Continue Reading
Can WTI Hit $70 In 2018?
Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3 Continue Reading
Oil at $70/barrel already a reality for some as Asian premium bites
The rising demand for crude oil that can more easily produce transportation fuels when refined has some Australian and Malaysian producers boasting cargoes valued at close to $70 a barrel, Continue Reading
Oil eases but Saudi tensions keep two-and-a-half year highs in sight
Oil eased on Tuesday, after having posted its largest gain in six weeks the previous day, while tension flared between Saudi Arabia and Iran, just as the Saudi crown prince Continue Reading
Oil Holds Near Two-Year High on Prospect of More Saudi Arrests
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
Ignore The Hype: Oil Is Still In A Bear Market
Oil prices hit two-year-highs on Monday amid signs of continuously tightening markets and strong signals from Saudi Arabia and Russia that they are willing to extend their production cut deal Continue Reading
Oil climbs above $64 a barrel after Saudi crackdown
Oil surged above $64 a barrel to the highest level in two years on Monday after Saudi Arabia’s crackdown on dozens of princes and business tycoons raised concerns about stability Continue Reading
Oil Hits Two-Year High Amid Crackdown in Saudi Arabia
Oil has rallied in recent months, climbing more than 30% from lows hit in June. Escalating tensions in the Middle East have helped fuel the rise, with investors becoming more Continue Reading
Oil surges 3 percent, at highest since mid-2015 on Saudi purge
Oil prices rose 3 percent on Monday, hitting the highest since early July 2015, as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown, while Continue Reading