Retail gas prices rally ahead of U.S. travel holiday
Retail gasoline prices in the United States are on the rise ahead of the last major travel holiday season of the year, motor club AAA reported. The national average retail Continue Reading
U.S. Oil Firms Continue Tussle Over Taxes
U.S. oil companies have been pushing for changes to U.S. corporate tax laws that require them to pay taxes on foreign earnings, and news that the European Union’s antitrust regulator Continue Reading
USGC gasoline prices recede from 2016 highs after storm fears subside: trade
US Gulf Coast gasoline differentials continued to fall in early trading Tuesday as the market cools off from “unsustainably strong” levels last week, traders said. Conventional gasoline on the Gulf Continue Reading
Oil Edges Higher as August Rally Wanes
Oil prices edged higher Tuesday amid lower trading volumes as the August price rally lost momentum, with crude hovering around $47-$50 a barrel. The October contract for global benchmark Brent Continue Reading
Oil Trades Near $47 as U.S. Gasoline Inventory Glut Seen Easing
Motor-fuel stockpiles forecast to fall by 1.25 million barrels Volatility to endure as rebalancing continues: oil executives Oil traded near $47 a barrel before data forecast to show that gasoline Continue Reading
Oil prices rise as dollar retreats from two-week high
Oil futures edged up on Tuesday as the U.S. dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on Continue Reading
Oil Prices Fall on Fed Rate Rise Jitters
Oil prices were down Monday as worries over the U.S. raising interest rates as early as next month rippled through an already jittery market. The October contract of global benchmark Continue Reading
Oil Resumes Drop Near $47 Amid Market-Stabilization Deal Doubts
Rising Iranian output dims prospects of action: Dana Gas CEO Stability should be achieved soon for oil market: Al Mazrouei Oil declined amid doubts producers will agree on a deal Continue Reading
Oil prices fall on rising Iraq output, doubt over producer talk prospects
Oil prices fell early on Monday as output from Iraq rose and as Iran said it would only cooperate in upcoming producer talks to freeze output if fellow exporters recognized Continue Reading
The Magic Number For Oil Bulls Remains In Sight
Zev Spiro, chief market technician of Orips Research is forecasting oil to reach above $70 a barrel in the near future, as oil’s weekly charts show a bullish “inverse head Continue Reading