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Oil Prices Highest Since March
EghtesadOnline: Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil…
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Oil Holds Near 5-Month High on US Output Cuts
EghtesadOnline: Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura…
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Oil Jumps Above $30 for First Time in Two Months
EghtesadOnline: Oil rose above $30 a barrel on Monday for the first time in two months as producers in the US and elsewhere continued to cut output.
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When oil became waste: a week of turmoil for crude, and more pain to come
EghtesadOnline: The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in…
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Texas Oil at $2 a Barrel Raises Specter of New Negative Prices
EghtesadOnline: Crude prices in America’s oil capital are getting dangerously close to zero.
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Oil Hits $70
EghtesadOnline: Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike…