Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 01, 2024, 7:00 PM CDT Weekly data by EIA reveals crude stockpiles of 7.3 million barrels for the week to April 26, a sharp swing from a draw of 6.4 million […]
The Next Two Months Will Be Critical For Oil Fundamentals Read More »
Oil prices are set to post a gain this week as a combination of inventory declines, a slowdown in U.S. manufacturing, and escalating tensions in the Middle East boost bullish sentiment. Friday, April 26th 2024 Even if headed towards the first weekly gain since early April, oil prices have so far failed to break out above
Oil Prices Climb as Bullish Catalysts Build Read More »
UN and UN Relief and Works Agency workers carry aid boxes to distribute to displaced Palestinians in a location called Jabalia, in the northern Gaza Strip. (Photo: Reuters) Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts. The recent tit-for-tat conflict between Israel and Iran could pose
Calculating the cost of war Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Apr 22, 2024, 4:30 PM CDT The nationwide average price of gasoline in the United States has risen for three consecutive weeks, gaining 4.3 cents over the past week, to hit $3.62 per gallon on Monday, according to Gasbuddy data. Compared
American Gasoline Prices Rise for Third Straight Week Read More »
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Apr 20, 2024, 6:00 PM CDT The past week has illustrated how traders perceive geopolitical risk. Oil fell back after soaring 3% early on
Geopolitical Tensions Fail to Spark Oil Price Surge Read More »
Apr 20, 2024, 12:33:57 PM IST Brent crude and US West Texas Intermediate crude (WTI) traded above $90 and $85 per barrel, respectively in Asian trade on Friday. This price surge followed unconfirmed reports of explosions in Iran, Syria, and Iraq, igniting concerns about a potential escalation of the Middle East crisis.As crude oil prices
ONGC, Indraprastha Gas among 5 stocks that may gain from rising crude oil prices Read More »
Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. What just happened? In what has been hailed as a milestone moment for artificial intelligence’s use in the military, the US Air Force has announced that it successfully tested a modified, AI-controlled fighter jet in a dogfight against human pilots last
WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices earlier broke below the pivotal $83.34 level, heading abck to $82.00 The US Dollar Index pops back above 106.00 on upbeat Jobless Claims data. Oil prices are erasing earlier losses after harsh rhetoric from Iran which said it is
Oil set to end the day unchanged with tit for tatt ramping up between Israel and Iran Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Apr 17, 2024, 7:00 PM CDT Whereas the short-term oil price outlook appears murky, leading oil agencies remain largely bullish about the long-term outlook. Interestingly, over the medium-and long-term, only the IEA
Standard Chartered Says Peak Oil Demand Is Not Imminent Read More »
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Apr 17, 2024, 6:00 PM CDT The crude oil net long in WTI and Brent reached a six-month high in the week to April
Traders Became More Bullish on Oil As Middle East Risk Surged Read More »
