Friday saw the price of crude oil tumble, as traders unloaded their positions before the February contract expired. Questions regarding Greece’s possible debt swap deal also caused prices to slip as low as $98 a barrel. The commodity eventually closed trading for the weekend at $98.42. Today’s meeting of euro-zone finance ministers is likely to [...] [...more]
Crude oil closed last week on a bearish note, after news that any EU ban on imported Iranian oil will likely be phased in over the next several months. The news helped settle investor fears that oil imports into Europe would not be disturbed in the immediate future. Crude oil finished out the week below [...] [...more]
The price of crude oil fell on Wednesday, as fears of an economic slowdown in Europe prompted investors to shift their funds away from the commodity. With the USD once again rising, crude oil has become less attractive of an investment. A strong US dollar makes oil more expensive for international buyers and drives investors [...] [...more]
The price of crude oil fell last week, as continued worries over the euro-zone debt crisis combined with troubling news out of the Middle East helped scare off investors. The commodity has dropped well below the $100 a barrel level and analysts are warning that the trend may continue this week. Today, traders will want [...] [...more]
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