U.S. consumer demand isn’t strong enough to match refinery output, leaving gas prices relatively stable as summer travel season kicks in, AAA reported. The motor club reported a national average Continue Reading
Oil recovered some losses from the previous session on Tuesday, but Brent crude remained below $50 over concerns that a political rift between Qatar and several Arab states would undermine Continue Reading
Crude futures fell to near-one-month lows Monday, erasing earlier gains that were spurred by a political rift in the Middle East, before investors refocused on the supply-glut. Oil rose in Continue Reading
Oil prices fell nearly 1 percent on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a Continue Reading
Saudi Arabia, U.A.E., Egypt and Bahrain cut ties with Qatar Diplomatic spat hasn’t affected oil and gas shipments Oil advanced after a Saudi-led alliance cut diplomatic ties with Qatar and Continue Reading
A decision by a Saudi-led alliance to cut diplomatic ties with Qatar sent oil prices higher . Futures rose as much as 1.6 percent in New York. The development raises Continue Reading
This is not a joke, but neither should you worry if you are long oil, as the price will most likely hit (at least) $100 long before it heads south, Continue Reading
– WTI and brent suffered more losses this week despite two strong excuses to rally. Firstly, EIA data delivered the type of numbers that bulls have been waiting for all Continue Reading
Rising shale production will offset OPEC cuts: Rosneft CEO Unclear how OPEC can phase out its curbs, say BP and Total A crude price in the $50s is the new Continue Reading
Oil futures rose on Thursday after slumping to a three-week low the previous session, buoyed by an industry report that showed U.S. crude stockpiles had fallen more than expected. Data Continue Reading
