The oil market took a different turn on Monday after it fell it to its worst day on record. Since the coronavirus pandemic started, as feared, the demand for crude oil was certainly going to drop. But...
What Is Crude Oil?Crude oil, also known as petroleum, is a naturally occurring yellowish-black liquid mixture that is mainly hydrocarbons and is usually found in geological formations. The name p...
In previous months, the Organization of Petroleum Countries has been having issues with a few of its members, leading to Angola leaving OPEC and a decline in global crude oil prices on Thursday.Before...
Today the United States Crude Oil price became negative because the demand for oil has slowed to the point that the seller of crude has to pay the buyer to take the oil that he wants to sell. &nb...
Oil prices rose even higher after discussions between Russia-Ukraine failed to yield any positive results. This made the market continue to worry about limited supplies, which prompted the Internation...
In the early hours of Monday, oil prices plunged after Saudi Arabia declared a price war against Russia, a former ally; thereby, causing a historic collapse. Following the collapse, the US oil prices ...
On Monday, the price of crude oil rose to a barrel costing $95 and beyond. Brent crude increased by 0.38% to settle at $94.30 a barrel as of 11.14 WAT, while US West Texas Intermediate crude increased...
Following the report of the oil price war, quite a number of index tracking-funds that can be traded on the stock market have been greatly exposed to volatility in the oil and energy sectors. This is ...
Oil fell sharply on Tuesday, adding to Monday's losses, as a number of factors impacting on sentiment, including Russian-Ukraine negotiations, a possible decrease in Chinese demand, and trade unw...
On Thursday, September 28, Brent Crude oil rose to $97.2 per barrel making it to reach its highest level since it climbed in November last year.The surge in oil prices was driven by the rise in ...