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Oil Price - Bears dominating mixed price action in oil [Video]
There was a more mixed tone in oil prices during Tuesday with expectations of tight inventories offset by concerns over a potential lack of demand. The positive impact of robust US retail sales data ...
Draining U.S. Oil Reserve Won't Cut Oil Prices Much: EIA Chief
The recent surge in oil prices has led some in the U.S. to call for a release oil from the government’s strategic reserve.
OPEC Is Not The Only Solution To High Oil Prices
High oil prices are a symptom of economic and monetary imbalances, not just a consequence of OPEC decisions. Throughout history, we have seen how OPEC cuts have done little to elevate prices when ...
U.S. House's Hoyer doesn't agree with call to tap oil reserve to lower gas prices
U.S. House Majority Leader Hoyer said on Tuesday he is not in agreement with Senate Majority Leader Chuck Schumer's call for tapping the strategic oil reserve to lower gas prices, saying he believed ...
Crude oil price: Will demand be as robust in six months – El-Erian
El-Erian has questioned if global oil demand will be as robust as it is six months from now. Investors are now concerned about the viability of the forecasted $100 per barrel. Crude oil price has ...