OPEC VS. Bottleneck
Oil futures traded up at midday on Tuesday even though U.S. inventories are expected to have increased in the weekly…
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Tag: Brent Crude
Light Sweet Crude Makes Nice Sweet Drop
Light sweet crude dropped briefly below the $48 mark to 47.95 before heading back up $48.20 this morning. Brent North…
Inventories Swell and Oil Prices Drop
The U.S. Energy Information Administration said oil inventories swelled 5.5 million barrels and crude prices descended $1.10 to $53.10 a…
Crude Oil Prices Slam Down Over $2 a Barrel
Light crude oil prices slammed down to one of the biggest single-day drops recent weeks going down to $51.50 before…
Oil Prices Start Dropping
Oil prices started dropping this morning in early electronic trading on the New York Mercantile Exchange. This happens on the…
Oil Prices Bump Before Bush Meets With Saudis
Oil prices took off this morning in early trading while President Bush prepares to meet with Saudi Crown Prince Abdullah…
Fresh Fears in Oil Amid Saudi Attacks
Terrorist attacks in Saudi Arabia scared the price of oil futures up 43 cents to 54.63 in early trading for…
