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 …
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 …
Oil Prices Bolster as Baghdad Incident Provoke Worries Read More »
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 …
Oil Prices Plunge As Investors See Mideast Supply Troubles Read More »
Recently, a US airstrike assassinated a top Iranian military commander. The killing provoked fears of an escalating military conflict, sharply ceasing the market rally that opened the new year. Moreover, the price of oil rose by about 4% on that day amid the sudden risk-off sentiment. The US stated on a piece of a news …
Oil investors are entering the new decade with new hopes for the prices of both Brent and crude oil. Bulls are rejoicing as the trade war agreement is expected to support prices soon once it’s been signed. On top of that, the tensions in the Middle East and Washington are making helping buoy crude and …
Optimism this 2020: A Good New Year for Oil Prices Read More »
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