opec

Oil Prices Plunge 7% to One Year Low

Oil Prices Plunge 7% to One Year Low

Oil prices plunged by 7% on Friday, falling to its lowest levels in over a year. Oil price concerns have caused the stock market to decline heavily into bear territory over the recent months.Friday’s decline was pressured by OPEC’s antic..

Energy Stock Bounce Back

Energy Stock Bounce Back

Energy stocks are experiencing a rebound as oil prices continue to rise. Brent Crude prices which have seen a dramatic fall from the record highs of 2014 are now nearing USD 70 per barrel.  Brent Crude went through a massive downturn betwe..

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..