In case of further escalation,…
The fluctuating prices in response…
Goldman Sachs expects the heightened oil price volatility that began last week to continue into the next few weeks, the investment bank said in a note to clients…
Oil prices are off 25 percent from their four-year highs reached in early October, after the massive sell-off that began later that month which dragged crude oil squarely into bear…
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56…
Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. "We manage risks. If prices fall,…
Crude oil prices crashed yesterday, losing 7 percent in just one day, which was the biggest daily loss in three years and today continued down in early trading as headwinds…
Canadian oil prices briefly plunged as low as $15 per barrel last week, after a U.S. federal judge blocked the construction of the Keystone XL pipeline. Canada’s oil industry…
We entered the fourth quarter of 2018 with some anticipation. Driving this was the advent of complete sanctions imposed by the American government on Iran. The arrival of these sanctions…
Less than two months after Khalid al-Falih’s assurances that Saudi Arabia will produce and export enough oil to keep prices steady, the Kingdom’s Energy Minister has said that exports would…
WTI dipped below $60 per barrel in early trading on Friday, the lowest price level in nearly a year. With prices down more than 20 percent from the October peak,…
WTI Crude prices could drop into the $40s, with the U.S. oil benchmark in a ‘ferocious’ bear market, analyst and CNBC host Jim Cramer said on Thursday. WTI…
There was a hint that something like this could happen, and now it’s here. When oil prices were spiking at the beginning of last month, hitting four years highs, with…
The decision by the U.S. to grant waivers to eight countries, allowing them to continue to import oil from Iran, has helped ease the tension in the oil market.…
U.S. West Texas Intermediate crude oil futures opened the new month under pressure, continuing the assault on prices that began on the third day of trading in October when the…
Investors are growing increasingly pessimistic about the direction that the oil market is heading in, and their negative outlook is helping to drag down crude oil prices. Hedge funds and…
In a fascinating twist of price trends, a barrel of Canadian heavy crude that is selling for less than US$20 a barrel in Alberta could sell for three times that…
The mercurial nature of the oil market has flipped the mood in the past two weeks from hysterical expectations of severely reduced supply from Iran to concerns over the pace…
Tuesday’s massive sell-off in the global crude oil markets spread on Wednesday to the Middle East crude oil complex, where prices for December cash Dubai—the nearest month trading in October—plunged…
With the whole oil world watching the latest news around Iran and the U.S. sanctions that seek to reduce its exports of crude to zero, an announcement by Iraq’s Energy…
Oil prices fell sharply in morning trade on Tuesday, with the key benchmarks WTI and Brent crude falling more than 4 percent as Dow Jones, S&P 500, and Nasdaq…
U.S. West Texas Intermediate and International-benchmark Brent crude oil futures are trading higher on Friday after a steep sell-off the past two sessions. The markets are trading inside Thursday’s range…