Crude oil up 2.5%
Toward the end of trading Friday, the Dow traded up 0.44 percent to 21,381.65 while the NASDAQ climbed 0.24 percent to 6,159.33. The S&P also…
Oil market
Offshore boom will break OPEC deal
While all eyes are riveted on how much U.S. shale output is undermining OPEC’s production cuts and any oil price gains, other non-OPEC producers are…
United Arab Emirates optimistic about oil market recovery
The UAE has expected oil demand to pick up over the third and fourth quarters of 2017 despite the price fall by the end of…
Oil extends gain to 6th day on dip in USA output
Oil futures ended slightly higher on Thursday, extending crude’s rally to a sixth straight session after a decline in weekly U.S. crude production temporarily eased…
Prices of crude oil
Crude oil prices were up on Thursday (June 29) compared to the previous close. The price of Brent oil was at $47.55 up from $46.53…
Oil is under pressure after report shows increase in US inventories
Oil markets were steady to lower on Wednesday after a report of rising US fuel and crude inventories underscored the concern that a three-year supply…
Oil era is gone
Oil and politics go hand in hand. After all, ‘a century of oil wars’ are now documented. Yet, interestingly enough, things are beginning to appear…
Bearish market in crude oil – Photo
Oil is technically back in bear market territory. US light sweet crude fell 22 percent to $43.01 per barrel last week from a high of…