In case of further escalation,…
We have a situation where…
Is the End in Sight? Following a week in which both Brent ($28.94) and WTI ($29.70) crude prices tumbled below $30 per barrel, it might seem…
After flirting with breaking below $30 per barrel, oil decidedly broke that threshold at the end of last week, deepening the unrelenting losses the market shave witnessed so far in…
The oil markets are on edge with oil sinking into the $20s per barrel. And last week we reported on one place where oil is…
When markets correct dramatically, as stocks have done since the beginning of the year, the cynical trader side of me comes out in force. I am…
March Crude Oil futures continued to weaken the week-ending January 15 as the market continued to get hit from bad news on both the supply and…
WTI and Brent hit fresh lows on Friday over persistent fears of oversupply. The latest thing to drag down oil is the prospect of Iran quickly…
Where is the cheapest crude oil in the world? And how low can you get that barrel of oil? WTI has declined to $30 per barrel,…
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the…
Oil prices continue to hit new lows. WTI and Brent traded down by more than 2 percent during midday trading on Monday, as the markets continue…
Crude oil markets are suffering from too much supply and not enough demand, a combined effect that has pushed oil down into the low $30s per…
It became a mantra, evidently coined last summer by BP CEO Bob Dudley, that oil prices will stay “lower for longer.” More and more industry leaders…
The last year or so have been, to say the least, painful for long term oil investors but, as I have said before, for traders it…
February Crude Oil The week started out strong with February Crude Oil futures spiking to $38.39 early during Monday’s session, but by the end of the…
Last month I wrote about soaring profits for resource companies working in Argentina. With local costs for such firms plunging following the devaluation of the…
Oil traders woke up on January 6 to the news that Brent crude traded below $35 per barrel for the first time in 11 years. The…
Oil prices jumped on the first trading day of 2016 as Middle East tension outweighed a selloff in financial markets around the world. Oil markets remain…
Since last summer, Bob Dudley, the CEO of the British oil giant BP, has been cautioning that he expects oil prices to stay “lower for longer.”…
Russia’s oil-dependent economy appears headed for a second year of recession, and Energy Minister Alexander Novak says the blame falls squarely on the Saudis. The Russian…
This week opened with the average global price of oil at an 11-year low, yet OPEC expects its own producers eventually will cut back on production,…
On Wednesday, December 16, the U.S. Federal Reserve raised its key interest rate for the first time since June 29, 2006. In its monetary policy statement,…