WTI oil prices edged higher today after they sank below $34 a barrel yesterday for the first time since 2009.
Prices rose today mainly because of the start of February futures contracts.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
WTI oil prices edged higher today after they sank below $34 a barrel yesterday for the first time since 2009.
Prices rose today mainly because of the start of February futures contracts.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
WTI oil prices edged higher today after they sank below $34 a barrel yesterday for the first time since 2009.
Prices rose today mainly because of the start of February futures contracts.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
There are two reasons why the WTI oil price is up today.
The main reason is the rebound in China's stock market, which saw its biggest one-day gain in six years. The other is the delay in a deal with Iran over its nuclear program.
Here's how both helped caused the surge in oil prices today...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
There are three reasons why the WTI oil price is down today.
The biggest one is the debt crisis in Greece, which came to a head yesterday after Greek citizens voted against bailout conditions.
Here's a breakdown of how all three have caused the oil price drawback over the last week...