Oil prices rose by more than 3% as fears of a US recession faded and some investors concluded that crude’s recent price slide was overblown after three straight weekly losses.…
Oil prices rise on production reduction, dulling US inflation.
Saudi Arabia and other OPEC+ oil producing countries announced a new wave of production cuts on Monday sending prices surging. It may be a concerning sign for global inflation just…
By News Team April 2, 2023
Oil Prices Soared with Growing Investor Predilection for Risk Assets
Oil prices have risen as investors’ appetite for risk assets has grown. Despite steadily rising crude oil prices, which have risen nearly 40% this year, investors have barely noticed. That…
By Staff Contributor December 29, 2021
Oil Prices Slip Despite Stronger Economic Outlook
Oil prices subsided on Wednesday regardless of the prospect of more robust global economic growth as talks to revive the nuclear agreement with Iran open the possibility of easing oil…
By News Team April 7, 2021
Traffic in Suez Canal Resumes After Stranded Ship Refloated
Delivery traffic through Egypt’s Suez Canal continued on Monday after a giant container ship that had blocked busy waterways for almost a week in a reflected, said the canal authority.…
By News Team March 29, 2021