Oil Prices Weakening on Glut Fears

By Timothy Puko and Jenny W. Hsu   Oil prices are losing ground Thursday as a glut of gasoline keeps weighing on prices. U.S. oil for September delivery recently fell 42 cents, or 0.9%, to $45.34 a barrel on the….

UK Heating Oil Prices Go DOWN!

The last seven days have seen UK Average prices fall by 0.64 ppl to 34.22 ppl with a daily average over the last 7 days of 34.47 ppl following a turbulent week in crude and heating oil prices. The highest….

US oil group seeks ban on crude imports

      Months after the US energy industry triumphed in overturning an oil export ban, a group of independent producers wants to take policy one step further and curtail crude imports. The Panhandle Import Reduction Initiative has begun campaigning….

Crude Oil recovers – Analysis – 14-07-2016

    Crude oil price ended yesterday’s trading below 45.61 level, after the strong decline that appeared after the price found solid resistance formed by the EMA50, to stuck the trading below between the mentioned level that forms key resistance….

WTI Crude Oil Prices Recover to Major Resistance

Jignesh Davda July 12, 2016 A strong recovery has been seen in oil prices on Tuesday, WTI crude oil prices bottomed out on Monday near the end of North American trading, and a steady appreciation has carried the instrument back….

Oil prices inch barely into the black on bullish outlook

By Daniel J. Graeber   |   July 11, 2016  NEW YORK, July 11 (UPI) — A positive forecast for market trajectory helped lift crude oil prices in early trading Monday after a weak start, though underlying conditions remain negative. The price….

Brexit playing havoc with UK Heating Oil Prices

The last seven days have seen UK Average prices rise by 0.09 ppl to 34.98 ppl with a daily average over the last days of 34.91ppl following a turbulent week in heating oil prices. The highest price change was recorded….