Fuel costs spike in Mosul after coalition strikes on IS oil hub
Prices of basic fuels have risen by up to 80 percent and quality has plummeted after a June 6 airstrike crippled IS’s import network of road tankers. US officials say Continue Reading
Oil Advances for Second Day Above $48 as Dollar Extends Decline
Oil gained for a second day above $48 a barrel as the dollar retreated, boosting the appeal of commodities priced in the U.S. currency. Futures rose as much as 1.1 Continue Reading
Oil rallies as fears over Brexit abate
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, in this March 24, 2016 file photo. Oil rallied on Monday, lifted by a Continue Reading
Oil Rally Runs Out of Steam as Canadian Wildfire Threat Fades
Here comes Canadian oil to douse the hottest rally since 2009. Money managers reduced bets on rising oil prices by the most in 11 months as Canadian output continued to Continue Reading
Oil Prices Rebound As Sentiment Shifts
It is national flip-flop day, and the oil market is acting accordingly. After reaching a one-month low after six consecutive days of losses, crude has changed direction today, and is Continue Reading
Oil Volatility To Increase During Brexit Week
Brexit anxiety dominated markets this week after new polls revealed heightened odds of a Leave vote. From June 9th to June 16th, the GBP weakened considerably and the EUR/USD sank Continue Reading
Oil prices see biggest weekly decline since early May
Oil prices rose for the first time in seven trading sessions on Friday as the US dollar eased, but still saw their biggest weekly decline since early May. Anxiety ahead Continue Reading
Crude oil rises for first time in seven days
Crude oil prices rose in early Asian trade on Friday for the first time in seven days as markets took a breather from concerns about the impact of Britain’s possible Continue Reading
Oil Prices Continue to Slide on Market Uncertainty
Oil prices slipped for a sixth straight session Thursday, dragged down by market jitters over the looming U.K referendum and mixed U.S. oil data. Crude prices have been on a Continue Reading
Oil Dips 6th Day as U.S. Drillers Seen Tapping Uncompleted Wells
Oil fell a sixth day, heading for the longest run of declines since February, as concern prices near $50 a barrel will trigger new U.S. production outweighed government data that Continue Reading