CALGARY, ALBERTA (January 7, 2020)– Ongoing international trade tensions and the risk of a continuing oversupply of crude oil helped push global oil prices lower at the beginning of the final quarter of 2019, while Canadian oil prices remained under pressure due to transportation...
According to Refinitiv data, on 6th February 2022, the Brent Crude oil price was $80.99 per barrel, then began a steady upward trajectory. A spike began when the invasion began on 24th February, reaching a peak of $127.98 per barrel on 8th March. At this point, the initi...
WTI crude oil bulls looked very confident at the start of the week, when they lifted the price to $70.41 a barrel on Monday, July 30th. Unfortunately, their enthusiasm quickly faded, allowing the bears to cause a selloff to $67.34 as of Wednesday, August 1st. One of the possible “reas...
However, the compression of PX processing fee does not mean the decline of absolute price. The general trend of PX price is still dependent on the trend of crude oil, while the space of crude oil is expected to rise and fall is limited, and the downward trend of PTA price is not large...
OIL: Edging Down From Recent Highs Brent crude has edged away from recent highs as Monday's Asia Pac session has progressed. We were last just under $78.00/bbl. Against highs just above $78.50/bbl from late in NY dealing on Friday. This puts Brent 0.64% lower for the session...
but crude oil today should still be a winner in consumer "taste tests."During the past 18 months, the price of oil, the economy's lifeblood, has plunged 40 percent to its lowest level in a quarter century, making this a prime time for consumers.Cheap crude pulls down prices for gasoli...
"During the acute phase of the pandemic, this instrument played a key role in countering downside risks to price stability. Today, in view of the unexpected and extraordinary rise in inflation, it needs to be recalibrated," the ECB said in a statement Thursday. ...
citizens very unhappy because wages do not rise to compensate for this inflation. Prices today are high enough to cause significant inflation (about $107 per barrel for Brent oil (Europe) and $97 for WTI (US)), but still not high enough to satisfy t...
A surge in oil prices spooked investors, with crude spiking to $130at the beginning of the weekbut trading back below $110 on Friday. Loading chart... TheS&P 500was down about 2.9% for the week. Energy stocks were the top performers, up nearly 1.9% and the only positive major sector....
It rose sharply due to the 10 fold increase in oil prices caused by the Arab Oil Embargo of 1973 and the Iranian Revolution of 1978. Friedman’s monetary theories had nothing to do with the oil price run-up. Unemployment was not consistently high either. It fell from Dec, 1970 to Oct,...