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U.S. Crude Oil Drops Farther than Expected

It might have been a session of rough trading. However, market analysts consider that crude oil could restart its rally quickly following this week's...

OIL PRICE ALMOST UNCHANGED AS PRODUCTION RESTRICTIONS

  U.S. West Texas Intermediate crude ended 1 cent higher at $52.25 per barrel. International benchmark Brent crude dropped 33 cents, or 0.6%, to end...

CRUDE OIL SOAR AFTER SAUDI ARABIA SETTLEMENT WITH RUSSIA

Saudi Arabia allowed a deliberate reduction of 1 million barrels per day in February and March to balance an improvement in output from Russia...

CRUDE OIL PRICES RISES AS OPEC+ WEIGHS OUTPUT REDUCTION

  February West Texas Intermediate (WTI) crude oil futures rose $1.63, or 3.42%, to $49.24 per barrel at 13:44 GMT on Tuesday. US crude prices...

Oil Prices Hold Steady, Focus on U.S. Elections

Oil prices held steady in energy commodities on Tuesday, ahead of the U.S. presidential election.  It is retaining their steep overnight gains, however capped...

Chevron Posts Profit on Deep Cost Cuts, Better Oil Prices

Chevron Corporation posted a surprise Q3 profit on Friday. Oil prices recovered from spring lows and spending cuts contributed to operating results. Chevron, along with...

Oil prices settled higher on US inventories data

Oil futures recovered from early losses. The black gold prices settled higher Tuesday as traders awaited data on US crude supply. September delivery for WTI...

Oil prices sank 4% as coronavirus surge weighs on demand

Oil prices dropped by around 4% on Thursday, since the surging coronavirus infections globally threatened a recovery in fuel demand.  This is because major oil...

Canada’s oil sands ready to grow production

According to IHS Markit's latest analysis, the coronavirus crisis and collapse in oil prices is not a death sentence for Canada's oil sands. Its...

Oil Inventory Report Announced Draw, Oil Price Still Slides

The American Petroleum Institute (API) released its oil inventory report for the week ending on July 24. The results show a draw in crude...

Oil Price Hikes as Fed Pumps More Cash

It seemed like only yesterday when oil companies enjoyed the fruits of their drillings. Back in 2008, the high demand for black gold drove...

Education: Biggest oil-producing countries

The oil and petroleum products play very important as it is tough to imagine the modern world without it. The demand for renewable energy...

Saudi Arabian Oil Prices pushed higher after a Rough Week

Saudi Arabian oil prices surged higher after a week of violence and their plans for supplying the countries. Click here for more info! – Wibest Broker

Oil and Gold Prices Steady Amid Signs of Financial Crisis

On Thursday, a sharp overnight loss occurred as U.S. crude inventories unexpectedly rose, oil prices firmed. It was after fears of recession or global financial...

Petroleum Products Strengthen Amid OPEC Cuts Prospect

On Friday, as anticipations of more petroleum products in the OPEC production cuts provided some support, oil prices inched higher. But concerns over the...