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Crude Oil Prices

May 8, 2020

Crude Oil jumps 5%, posting second straight week of gains

Commodities, Crude Oil Prices

Oil prices rose on Friday and were on course for a second consecutive week of gains as U.S. producers rapidly shut crude production and more…

News
May 8, 2020

Saudi Arabia raises crude oil prices

Aramco, Commodities, Crude Oil Prices

Demand worries are lingering, yet Saudi Arabia has increased crude oil prices, and U.S. oil prices fell more than 3%. Earlier in the day, after…

News
May 6, 2020

Oil turns lower, snapping five-day winning streak

Crude Oil Prices

Data from the U.S. Energy Information Administration released Wednesday showed that for the week ending May 1 inventories rose by 4.6 million barrels, which was…

News
April 9, 2020

Oil prices turned negative, giving back a more than 12% gain

Crude Oil Prices

Oil prices turned negative, giving back a more than 12% gain, as the Street awaited details on production cuts from OPEC and its allies, known…

News
April 4, 2020

Crude oil sells below $6 per barrel in some parts of Texas

Crude Oil Prices

A report states, while crude oil is selling for more than $25 per barrel on the New York Mercantile Exchange, “WTL Midland, a type of…

News
April 4, 2020

OPEC EMERGENCY MEETING

Commodities, Crude Oil Prices

OPEC and its allies will likely postpone the emergency meeting to April 8 or 9, sources say. A meeting of the Organization of the Petroleum…

News
April 2, 2020

Russia and Saudi Arabia will cut production?

Crude Oil Prices, Politics

The Tweeter in Chief Donald Trump said Russia and Saudi Arabia would cut production. Stocks fluctuated in Australia and South Korea, gained in Japan, and…

News
April 2, 2020

Trump – Saudis and Russia will ease pressure on oil

Crude Oil Prices, Economy, OilField

President Donald Trump said Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge. The president…

News
March 30, 2020

Brent Crude Falls to 17-Year Low

Brent Crude, Commodities, Crude Oil Prices

Crude crashed to its lowest in 17-years as virus lockdowns cascade through the world’s largest economies. The market has been roiled by cratering demand and…

News
March 27, 2020

THE U.S WILL HAVE NO CHOICE BUT TO SHUT IN WELLS

Commodities, Crude Oil Prices

Oil industry braces for biggest idling of wells in 35 years. The U.S is running out of places to store it’s vast amounts of oil…

News
March 21, 2020

Texas Oil Regulator trying to save the Oil industry from itself

Brent Crude, Commodities, Crude Oil Prices, Texas Oil Regulator

Texas’ oil regulator which oversees the nation’s top oil-producing state might immediately force producers to curtail some of their output by shutting off existing wells,…

News
March 18, 2020

Brent crude was up $2.10, or 8%, at $26.98 a barrel

Brent Crude, Commodities, Crude Oil Prices

After getting tired of losing Market share to American oil Russia and Saudia Arabie are dumping oil at prices the market hasn’t seen the lowest…

News
March 16, 2020

Oil drops nearly 10% breaking below $29

Commodities, Crude Oil Prices

U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session, WTI fell to a session low…

News
March 15, 2020

Hess CEO John Hess said he expects rig count to be half of what it is now

Commodities, Crude Oil Prices, Drilling, Hess Corporation

The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and…

News

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