A mid-week update. After trading quietly on Monday and Tuesday at around $81 in New York and $86 in London, crude prices closed higher on Wednesday after traders noted that the increase in US crude inventories last week was slowing down in comparison to the previous three weeks.
Articles: oil prices (110)
How far the oil price will come down and for how long it will stay “low” is now anyone’s guess. A declining price results from weakening demand while supplies are improving.
The world price of oil - Brent Crude - fell below $84 per barrel on October 15. What is going on? Why does the price of oil matter to financial advisors? What might these fluctuations mean to the price and supply of oil for the rest of the decade?
A weekly update of peak oil news, including: -Oil and the Global Economy -The Middle East and North Africa -Russia/Ukraine -Quote of the Week -The Briefs
A mid-week update. New York oil futures traded around $82 a barrel this week until Wednesday’s stocks report showed an unexpected 7 million barrel jump in US crude stocks.
Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production.
A weekly roundup of peak oil news including -Oil and the global economy -The Middle East and North Africa -Russia/Ukraine -Quote of the Week -The Briefs
The estimate of three years of easily affordable driving depends primarily on how long the current fracking boom, which is holding down the global oil price, can be sustained.
A mid-week update. Brent crude fell to its lowest level in more than two years after the Saudis dropped their official selling prices, suggesting that they do not plan to curtail production anytime soon to force prices higher.
A weekly update, including -Oil and the Global Economy -The Middle East and North Africa -China -Ukraine -Quotes of the Week -The Briefs