Oil prices have already risen to a level that has contributed to a slowdown in economic growth and oil consumption in the past. Equinor photo. Oil prices drop Thursday, but sit at over $84/barrel By [Read more]
Oil prices slipped slightly on Tuesday after a three-day rally, however, prices are still close to four-year highs as the market jitters over the looming Trump administration sanctions on Iranian crude. Total photo. Oil prices [Read more]
Brent oil prices topped $83/barrel during trading on Friday as the market “came to grips with the fact that the Iranian sanctions are not that far away,” Phil Flynn of Price Futures Group told Reuters. [Read more]
Oil prices were up on Thursday as investors considered the expected global crude shortfall as the Trump administration’s sanctions against Iranian crude exports near. Total photo. Oil prices rise ahead of US midterm elections On [Read more]
Oil prices fell slightly on Wednesday after data from the US Energy Information Administration showed an increase in crude stocks, however, the Trump administration’s looming sanctions on Iranian crude exports continue to unsettle the market. [Read more]
While in New York on Tuesday, French President Emmanuel Macron said that if US President Donald Trump had not reimposed sanctions on Iranian crude, oil prices would not have climbed so high. Elysee Verified Twitter [Read more]
Price moves tend to accelerate in the run-up to cyclical peaks and troughs, as the oil market struggles to overcome a worsening deficit or surplus. Total photo. In 2007, concerns about the oil market were [Read more]
Hedge funds made only minor adjustments to their overall position in petroleum futures and options in the latest week but continued their rotation out of West Texas Intermediate into Brent. Total photo. Hedge funds shift [Read more]
Oil prices jumped on Monday one day after OPEC and its allies announced it will not boost production beyond its agreed upon output amounts in the 2017 OPEC supply cut agreement. Reuters photo by Ramzi Boudina. [Read more]
Oil prices rose on Friday after reports that OPEC and its allies would increase production by a total of 500,000 barrels per day to avoid global crude shortages due to the Trump administration’s reimposition of [Read more]
Oil prices fell Thursday, slowing a recent wave of price increases, after a tweet from US President Donald Trump called for OPEC to “get prices down now!”. Oil prices expected to be in $80/barrel range [Read more]
West Texas Intermediate oil prices topped $70/barrel Wednesday after data released by the US Energy Information Administration showing a decrease in US crude stocks and strong demand for gasoline. Nabors photo. Oil prices up as [Read more]
Oil prices rose on Tuesday after OPEC signalled it is not interested in changing its current output despite looming US sanctions on Iranian crude exports. Equinor photo by Ole-Jørgen-Bratland. Saudi Arabia comfortable with oil prices [Read more]
Investors are growing more concerned about the ongoing and growing trade war between the Trump administration and Beijing, though looming US sanctions on Iranian crude exports continue to support the market. Repsol photo. Oil prices [Read more]
Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by 29 million barrels in the week to Sept. 11. Repsol photo. Hedge [Read more]
Oil prices are always politically sensitive in the United States, but especially now, with sanctions on Iran due to be re-imposed on Nov. 4 and congressional elections on Nov. 6. Anadarko photo. Oil prices close [Read more]
Oil prices rose on Wednesday, with Brent topping $80/barrel during the session after the US EIA reported a decline in US crude stocks and the market jitters continued over the expected fallout from the Trump [Read more]
Oil prices jumped over 2 per cent on Tuesday as the market grew more concerned about the global supply of crude as the date for the Trump administration’s reimposition of sanctions against Iranian crude nears. [Read more]
Oil prices fell on Thursday after data from the US Energy Information Administration showed a rise in gasoline and distillate inventories as well as a slight increase in stockpiles at the Cushing, Oklahoma, delivery hub [Read more]
Oil prices teetered between gains and losses on Tuesday as the market weighed concerns about Tropical Storm Gordon against rising US crude inventories. National Hurricane Center image. Oil prices slip after early gains Oil prices [Read more]
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