Crude Oil Is Plummeting Towards New Lows And A Rebound Isn’t In Sight
Crude oil prices continue to plummet, reaching below $45 per barrel on the West Texas Intermediate (WTI) in New York on Monday morning. Oil prices haven’t reached those lows since March 2015. Brent...
View ArticleOil Prices Are Rising On US Market Data
Crude oil prices in the US neared $50 per barrel on Wednesday after new data showed the U.S. market was starting to tighten with falling supply and lower inventories following two years of heavy...
View ArticleOil Sinks Below $40 Thanks To Perfect Storm Of Market Conditions
Crude oil tumbled below $40 a barrel on Wednesday for the first time since August. It’s the latest sign that the world still has more oil than it needs despite production cuts in the U.S. This is great...
View ArticleVenezuela Fears $20 Crude Oil If OPEC Doesn’t Act
Venezuelan Oil Minister Eulogio Del Pino fears crude oil prices will slip below $20 per barrel if OPEC doesn’t take immediate action to stabilize the oil market. Officials in Venezuela are urging the...
View ArticleGas Prices Hit 10-Month-Low As Holiday Travel Season Approaches
The average price of gasoline in the United States has dropped by 11 cents to $2.14 a gallon. That’s the lowest price point since late January, according to a Lundberg survey released on Sunday. The...
View ArticleCrude oil surges above $31 a barrel
Oil rallied for the second day in a row, surging above $31 a barrel on Friday morning. Prices rose 4.2% Thursday to settle at $29.53 a barrel. That was the biggest one-day percentage gain since October...
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