crude

Oil Prices are Exploding. What Does it Mean For You?

Oil Prices are Exploding. What Does it Mean For You?

Have you noticed recently that every time you pass by a gas station the price of gas seemingly increases? Besides paying more for gas what other ramifications will this have on you, the average investor or consumer? Oil is considered to be the &ldqu..

Oil Prices Stabilize As Tensions Deescalate

Oil Prices Stabilize As Tensions Deescalate

Oil prices fell on Wednesday as President Donald Trump announced that tensions with Iran subsided.The markets stabilized as the initial news of the Iranian crisis led investors to believe Iran would retaliate."Iran appears to be standing down, ..

BP Reports Third-Quarter Earnings

BP Reports Third-Quarter Earnings

BP Plc. (NYSE: BP) reported on Tuesday that profit more than doubled in the third quarter, as strong oil prices put the Company on track to deliver record results this year.The British oil giant posted first-quarter underlying replacement cost profi..

Most Powerful Year Opening for Oil Since 2014

Most Powerful Year Opening for Oil Since 2014

Tuesday witnessed oil prices posting their best year opening since 2014. The price of crude rose to significant highs in the midst of large Iranian anti-government rallies and consistent supply cuts initiated by Russia and OPEC.American WTI (West Te..

Oil Price Rises to Two-Year High

Oil Price Rises to Two-Year High

Oil price was little changed on Thursday. But it still traded near the highest level since May 2015.U.S. West Texas Intermediate (WTI) crude futures for February delivery were trading at $59.54 a barrel in the early trading on Thursday. WTI broke th..

Crude Touches $50 Mark Once Again

Crude Touches $50 Mark Once Again

Monday was a good day for crude oil as the price of the commodity soared to touch the $50 per barrel mark. With fluctuations characterizing the price of late and its subdued showing in recent times, this was indeed good news for those invested in th..