Brent crude prices have been on a sharp decline since peaking in June, nearly giving up all the year’s gains. And Credit Suisse says the selloff is not yet over. “The market remains well below its 55-Day Moving Average and … Read More
Supply of Russian crude oil via the Druzhba pipeline to some countries in eastern and central Europe was suspended late on Tuesday, sending oil prices higher. Early on Wednesday, oil prices were down, weighed by a firmer U.S. dollar and … Read More
Absolute madness On Monday afternoon, oil prices hit an all-time low, dipping below $0 for the first time in history. Traders blamed the drop on the expiration of the May futures contract on Tuesday coupled with a sharp decline in … Read More
Getty Images The price of US oil has fallen to a level not seen since 1999, as demand dries up and storage runs out. The price of a barrel of West Texas Intermediate (WTI), the benchmark for US oil, dropped … Read More
In what must seem like a nightmare scenario for Iran, not only is another U.S. president leveling sanctions against its economy, and particularly that economy’s lifeblood, its oil sector, but the current U.S. president has admittedly made it his mission … Read More
[NEW YORK] Oil prices were little changed on Monday, trading near their highest since May 2015, as political concerns in some Opec nations offset projections for higher US oil production. “Oil prices are finely balanced in today’s trading session. Ongoing … Read More