Oil prices rise on hopes of big stimulus money

Oil prices rise on hopes of big stimulus money

By Christy Gren - Jan 21, 2021

The crude oil prices showed an upswing with Brentwood going up to $56.08 a barrel and the US West Texas Intermediate crude oil selling at $53.24 a barrel, climbing 26 cents. The Am

Read More
OPEC Oil Production Cut Falls Short Of Expectations, Crude Markets Still Unstable

OPEC Oil Production Cut Falls Short Of Expectations, Crude Markets Still Unstable

By Anna Domanska - Apr 15, 2020

The United States, which is heavily into shale oil production, is facing an abundance of supply that is at unsustainable levels with the crude prices so low.

Read More
Best Day for the Nation! Crude Oil Surges $USD 42.56 per Barrel

Best Day for the Nation! Crude Oil Surges $USD 42.56 per Barrel

By Christy Gren - Aug 28, 2015

On Friday, Crude oil futures prices ascended after the biggest one-day rally climb in six years the day before, that drove by the news of diminished crude oil supplies and recoveri

Read More
Lundberg Survey Alarms Oil Refiners to Cut Their Selling Prices

Lundberg Survey Alarms Oil Refiners to Cut Their Selling Prices

By Anna Domanska - Aug 24, 2015

According to the Lundberg survey, the average price of a gallon of gasoline in the US has remained stable in the past two weeks, as the price rise in the several Midwest regions of

Read More
Truth about Oil & Gas Prices and the Economy

Truth about Oil & Gas Prices and the Economy

By Jay Raol - Mar 26, 2012

Oil and gas prices have been going up, and the whole thing continues to take up an important piece of the spotlight. Because we know that the average gallon of gasoline is hovering

Read More
Ben Bernanke Cautions on Slow Growth of Job Market

Ben Bernanke Cautions on Slow Growth of Job Market

By Dhwani Shah - Mar 01, 2012

The recovery of U.S. from the brutal recession has been uneven and modest, and has been hampered by a depressed housing market, tight credit for borrowers, budget-leashed governmen

Read More
Greece is Confident Even as Crude Oil Prices Rise on Iran Worries

Greece is Confident Even as Crude Oil Prices Rise on Iran Worries

By Carrie Ann - Feb 17, 2012

A high rise in the oil market shot the crude oil prices above $ 102 a barrel in Asia. The rise in the crude oil prices come as Iran decided to increase threats to cut the supply of

Read More
Iran Threatens to Block Oil Transportation, Crude Oil Prices Rise

Iran Threatens to Block Oil Transportation, Crude Oil Prices Rise

By Dhwani Shah - Dec 28, 2011

This year end has seen a rise in the prices of crude oil for the sixth day, adding 0.1% or 11 cents to $101.45 a barrel on Globex during Asian trading hours. This has been the high

Read More
Crude Oil Prices Drop Despite Projections of Stable Demand

Crude Oil Prices Drop Despite Projections of Stable Demand

By Jay Raol - Nov 24, 2011

Due to weak economic growth projections in the United States, slumping manufacturing activity in China, and continuing instability in Europe, oil prices dropped yesterday to under

Read More