crude oil

Oil prices forecast $50 to $70 per barrel through 2022, report says

Overall, demand is set to outpace supply on average over the forecast period.

Oil price slid below $37; fell over 11% this month

Oil price again fell below $37 per barrel and is trading 11 percent lower in December. The slump in Chinese demand and oversupply situation in the global oil market are keeping pressure on oil prices. The shale production in the US is easing off in the wake of continuous drop in oil price.

Crude oil falls below $35 per barrel in NY for first time since 2009

Crude Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply. Futures fell 1.8 percent to $34.99 a barrel in New York, the lowest since Feb. 19, 2009.

Wall Street up, crude oil down

U.S. Stocks closed higher after three straight days of declining, as oil declined further to almost seven-year lows.

Crude oil, industrial metals further collapse signals another economic depression

Prices for crude oil and other precious metals continue to go down during the recent days, pointing to possible economic depression.

Asian stocks tumble as commodity fall continues on thin volumes

Asian stocks tumble as commodity stocks slipped into pressure while consumer stocks gained momentum. The positive expectations about US interest rate hike is pushing Wall Street upwards.

Oil declines as U.S. crude stocks move forward

Worries arise for oil producers as oil prices went down again. But consumers will be glad as prices of commodities will surely fall next, giving more spending power to consumers particularly this coming holiday seasons.

Russia's military campaign in Syria propels oil prices

Russian president's military activity against Syria slightly raised the price of oil in the world market. According to some this is what he really wants and the bombing campaign in Syria is intended for the west-backed rebels seen as a threat to the Russian ally regime and Syrian President Bashar al- Assad.

Optimistic OPEC secretary-general expects balanced oil market in 2016

The OPC secterary-general is very positive that by 2016, the oil market will regain its strength and recover from the deep plunge from the previous years. The output remains the same to control the supply and price as well. Non-OPEC countries will soon join depending on the discussion in the meeting that will be held this month in Vienna.

Oils Prices Rallied, But Recovery Still To Take Longer

Oil Prices increased Wednesday, but Shell is not expecting recovery any time soon. Lower inventories and oil production in US petroleum supply caused a spike on oil prices Wednesday, but giant oil company Shell admitted it will still take longer before any recovery.

Iran to sell crude oil to Asia on a huge discount in a bid to regain market share in the region

Iran provided good news by reducing the price of its crude oil being sold to Asia come October. Iran is trying to win back its market share in the oil industry competing with other OPEC members, specially Saudi Arabia.

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