WTI Oil price (OIL) is trading within an ascending channel whose rising peaks and troughs indicate the commodity is in a short-term uptrend. Given the old adage that “the trend is your friend till the ...
Oil prices have slowly recovered since the start of the pandemic, topping $120 in the summer of 2022. Prices have since dipped below $100, and OPEC plans to cut production as a result. Stubbornly ...
and substantial non-OPEC+ supply growth over the next few years can help cap oil prices below $100 a barrel, they said. That means oil prices should stay “anchored near term,” the strategists ...
Tankers in the Red Sea—through which around 12% of seaborne crude is normally shipped—are under attack by Houthi militants.
Gasoline prices will rise along the east coast and in the South while drivers in California, Arizona and Nevada will receive a reprieve. Crude oil prices spiked in the aftermath of OPEC and Russia ...
Oil prices fell for a second-consecutive day on Wednesday, falling more than 1% following a report that U.S. crude stockpiles ...
Global oil prices extended declines Wednesday as investors ... 96.03 per barrel in early treading Wednesday after falling below the $100 mark for the first time since early May yesterday.
The counter-intuitive fossil fuel boom under Biden reflects an awkward truth for his supporters and detractors alike ahead of ...
Oil prices, which had averaged above $100 per barrel in 2022 ... OPEC+ is looking to keep a floor under oil prices (at the expense of its market share), but it may not succeed in propping up ...
Oil prices recently retreated, reversing a prior rally, driven by concerns over declining demand in the United States and China. WTI and Brent crude are trading below their 100-day moving averages ...
Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his ...
SINGAPORE — After surging above US$130 (S$176) a barrel earlier this month to the highest level since 2008 as Russia's invasion of Ukraine escalated, crude oil prices fell back under US$100 in ...