Post Tagged with: "crude"

Crude Price Nearing 12-Year Low; $29 A Barrel On Friday

January 15, 2016 11:31 pm0 comments
Crude Price Nearing 12-Year Low; $29 A Barrel On Friday

Oil prices have taken further southward graph to below $30 a barrel amid oversupply concerns due to increased Iranian crude exports into an already flooded market. Iran is a member of Organization of the Petroleum Exporting Countries (OPEC) and international sanctions against it are now lifted. As an aftermath the […]

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Oil Takes Northward Graph With Biggest One-Day Gain In Six Years

August 27, 2015 11:56 pm0 comments
Oil Takes Northward Graph With Biggest One-Day Gain In Six Years

Crude oil futures have gained the biggest one-day rally in more than six years on Friday amid news of diminished crude supplies and recovering equity markets. This is the first weekly gains in past eleven weeks on US crude CLc1 futures, ending the losing streak since 1986. However, the commodity […]

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