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.
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
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
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
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
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
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