Oil Prices

Oil prices have tumbled since highs of around $115 a barrel in June 2014 and continue to remain low despite rig counts falling back in the U.S. OPEC has refrained from cutting production and a lack of unity at its meeting last week led to more sharp Tesco and Asda announced on Tuesday that they … Read more

Oil prices staged a comeback on Tuesday, amid gains from bargain hunting and short covering spurred on by an interest-rate cut from China's central bank. Light, sweet crude for October delivery settled up $1.07, or 2.8%, to $39.31a barrel on the New You'd also expect retail prices of that thing to also drop. That isn't … Read more

Crude oil prices are diving to levels we haven't seen in years. Gasoline, a product that's derived from refining oil, is also seeing prices fall. But the pace of decline is not near what we're seeing in oil. While there is a time lag  Along with almost all other assets, crude-oil prices are collapsing. In … Read more

Oil, the lifeblood of many countries that produce and sell it, appears to be rapidly turning into an ever-cheaper economic curse. A year ago, the international price per barrel of oil was about $103. By Monday, the price was about $42, roughly 6 An acceleration in the recent fall in oil prices has continued, as … Read more

In a normal market, you'd expect an oversupply of something and the resulting drop in prices would lead to a dramatic decrease in production and storage capacity. You'd also expect retail prices of that thing to also drop. That isn't happening with oil An acceleration in the recent fall in oil prices has continued, as … Read more

MOSCOW (AP) — The Russian ruble has plunged 2.3 percent to hit a seven-month low amid a further drop in oil prices, the country's key export. More Iranian oil is expected on the market when economic sanctions are lifted. Oil is now headed for its longest weekly losing streak since 1986, according to Bloomberg. Oil … Read more

More Iranian oil is expected on the market when economic sanctions are lifted. Oil is now headed for its longest weekly losing streak since 1986, according to Bloomberg. Oil is in a bear market, and prices are down nearly  Gasoline, a product that's derived from refining oil, is also seeing prices fall. But the pace … Read more