Bulls are in trouble this Monday as the downward momentum from last week continues in today’s trading. Nothing bat pure bad fundamentals are causing prices to stumble along from nearly $60 to around $53 in
Last Thursday, in the oil inventory report, prices tumbled to their lowest in seven weeks. The decline of over 1% happened as worries regarding the spread of a respiratory virus from China may harm fuel
In a news report lately, U.S. natural gas prices inched down to its lowest level since 2016. To add, the daily consumption plunged by 2.2% compared to the preceding week. Unfortunately, the U.S. gas industry
Recently, oil prices became stable in the commodity market. It happened as reports of slow-moving economic growth in China lifted concerns over fuel demand. Moreover, the matter has countered confidence from the signing of a
In recent times, oil prices plunged based on fears that the pending Phase 1 trade deal between the United States and China may perhaps not push demand. Moreover, the U.S. intends to maintain tariffs on
Recently, prices for heavy crude oil in Canada have dropped to $36.66 a barrel. Once again, it is coming under pressure due to restrictions on pipeline capability. Normally, Western Canada Select (WCS) trades at a
Last Thursday, oil prices rose in the wake of a rocket attack on Baghdad. Moreover, it has increased fresh apprehensions over the conceivable conflict in the Middle East. The matter happened following an Iranian missile
Recently, oil prices inched down in the commodity market. The matter happened as investors reconsidered the prospect of Middle East supply disruptions in the wake of the United States, assassinating a top Iranian military commander.
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