After reaching a 9-month high last Friday, the price of crude oil slipped during yesterday’s trading session amid an increase in risk aversion. The commodity dropped as low as $108.22 a barrel, after it approached the $110 level last week. Concerns that the high price of oil would negatively impact global economic growth led to [...] [...more]
Crude oil was largely steady throughout yesterday’s trading session, despite pessimism that the recent approval of a Greek bailout deal would help the country avoid defaulting on its debt. Iranian threats to halt oil exports to any European country that did not sign a long-term contract reinforced supply side fears among investors. As a result, [...] [...more]
The price of crude oil spiked during yesterday’s trading session, reaching as high as $101.81 a barrel, before staging a slight downward reversal. Escalating tensions in the Middle East were largely to blame for oil’s bullish trend. Supply side fears are growing as threats from the West to boycott Iranian oil are being matched by [...] [...more]
The price of crude oil spiked after a positive US jobs report convinced investors that American demand would also increase. Additionally, fresh threats from Iran to limit exports led to supply side fears which also boosted prices. The price of crude increased almost $2 on Friday to close out the week at $97.81 a barrel. [...] [...more]
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