Energy Market

Oil Prices Weaken as the U.S.-China Phase One Deal Arises

Oil Prices Weaken as the U.S.-China Phase One Deal Arises

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 Chinese goods until the second phase. In a statement, U.S. Treasury Secretary Steven Mnuchin said last Tuesday that tariffs on …

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Oil Prices

Oil Prices in Canada Encounters a Renewed Burst

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 discount relative to West Texas Intermediate (WTI). It is for the reason of the characteristic differences and the long-distance it …

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Oil Price increase

Oil Prices Bolster as Baghdad Incident Provoke Worries

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 attack on Iraqi bases presenting U.S. forces along with roiling the markets. Meanwhile, the United States and Iran appeared to …

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Oil Prices Plunge As Investors See Mideast Supply Troubles

Oil Prices Plunge As Investors See Mideast Supply Troubles

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. Meanwhile, Brent crude slumped by 1.5% to trade at $67.86 per barrel. Moreover, it was at a low level by …

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