Current crude oil prices fell today thanks to weak data from China's services sector.
But the biggest news affecting oil prices has been escalating tensions between Saudi Arabia and Iran.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Current crude oil prices fell today thanks to weak data from China's services sector.
But the biggest news affecting oil prices has been escalating tensions between Saudi Arabia and Iran.
In fact, the conflict could lead to chaos that changes the entire Middle Eastern oil market...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Current crude oil prices fell today thanks to weak data from China's services sector.
But the biggest news affecting oil prices has been escalating tensions between Saudi Arabia and Iran.
In fact, the conflict could lead to chaos that changes the entire Middle Eastern oil market...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Current crude oil prices remain below $52 a barrel. Today's slight drop comes at the end of a week that has seen a 3.8% drop so far.
But despite recent pullbacks, WTI and Brent are up 6% and 19% in the last month.
Here's where prices are headed to next - and how they'll get there...
By Diane Alter, Contributing Writer, Money Morning -
Current crude oil prices in the United States were on pace for a two-day winning streak Thursday amid modest gains.
In early afternoon trading, WTI prices were up $0.04, or 0.08%, to $48.69 a barrel. Brent crude, meanwhile, was lower by $0.25, or 0.49%, to $50.91 just after noon.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
The U.S. oil boom illustrates how energy costs can actually rise as the volume of crude surges. Money Morning's Dr. Kent Moors explains.
Read More...