Oil Prices Spike as Dollar Drops but Interest Rates Continue to Rise.

Supply fears, stronger Equity markets, and a fall in the U.S dollar have resulted in oil prices rising above 1% from Monday.

Due to some fearing that rising interest could lower the demand for fuel, the increase in oil prices varies. The price of Brent Crude Futures per barrel for Septe...

As a Russian supply shortage looms, oil prices soar to multi-year highs

Oil prices soared on Friday, reaching multi-year highs as Russia's invasion of Ukraine progressed and oil importers avoided supplies from the world's second-largest crude supplier. Crude prices have seen their biggest weekly rise since the middle of 2020, with the Brent benchmark up 21% a...

HISTORIC LOW: (MINUS) -$37.63 A BARREL FOR OIL FUTURES CONTRACT

Highlights: 

• Crude oil futures contract take a beating to minus $37.63 per barrel 
• A historic low since 1946
• It is the result of too much oil in the country with a serious storage deficit

The pandemic of coronavirus seems to be c...

Crude stocks in the US go up and cause the oil stocks to go down

Oil prices fell on Wednesday after the unforeseen build-up of industry data in US shipbuilding and investors were waiting for news about whether a fresh round of U.S. tariffs would take effect on Chinese goods on Sunday.

Futures from Brent have dropped by 0943GMT to $64.10/barrel. The l...

Saudi Arabia’s planned initial public offering of its state oil company-price-controlling

Saudi Arabia's proposed initial public offering to its state-owned oil company, Saudi Aramco, is stirring speculation that it could spell the end of the rate-control cartel known as the OPEC. But there is a critical point omitted from such a study.

On the surface, it makes perfect s...