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….
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….
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….
© Sputnik/ Ramil Sitdikov Business Surging US stockpiles of oil and fuel, coupled with OPEC’s highest-ever output, are stirring a greater bearishness in international crude trading, especially because demand for oil among the developed economies remains low. © Flickr/ Neal….
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….
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….
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….
Principal contributor: Laura Singer Monday, July 11, 2016 Source: U.S. Energy Information Administration, Annual Energy Outlook 2016 Reference case The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to….
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….
By Libby George LONDON, July 7 (Reuters) – Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut….