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U.S. oil prices

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Will the Iran Nuclear Deal Push U.S. Oil Prices Higher?

By , Associate Editor, Money Morning • @AlexMcGuire92 -

iran nuclear deal

Oil prices continued their six-week long descent today as futures keep selling off after the Iran nuclear deal last month.

But the big question is: Could oil prices increase when the Iran nuclear deal goes into effect?

Here's a breakdown of the deal and how it will affect oil over the long term...

How Much Oil Does the U.S. Have Compared to Other Countries?

By , Associate Editor, Money Morning • @AlexMcGuire92 -

how much oil does the US have

If one number summarizes the global oil market, it’s 93,002,710.

That’s how much oil was produced around the world every day in 2014. But how much oil does the U.S. have compared to the world’s top producers?

This chart shows how much the top 15 oil-producing countries generated in 2014…

Why Oil Prices Are Up Today

By , Associate Editor, Money Morning • @TaraKateClarke -

Oil prices are up today (Thursday) for the first time in three days for the following two reasons.

New York's main contract and oil price benchmark West Texas Intermediate (WTI) for April delivery rose $0.11 to $101.56 a barrel, after reaching as low as $100.13 a barrel in intraday trading. The volume of all futures traded was around 42% over the 100-day average.

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U.S. Oil Futures Today: Watch Them Soar on These Two Factors

By , Associate Editor, Money Morning • @TaraKateClarke -

Today (Monday), U.S. oil futures hit a five-month high on fallout from the Ukraine conflict, further supported by inclement weather across the United States.

On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) crude for delivery in April rose to a session high of $104.65 a barrel, the highest since Sept. 23.

To continue reading, please click here...

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