When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United State
It is very likely that the price of oil may have put in its low for the year.
While bearish oil traders kept their focus on the supply side of oil, many forgot to focus on the demand side and it is the demand side that propelled oil back to a three-week high yesterday.
Oil prices are under pressure after the American Petroleum Institute (API) reported a 3.947-million-barrel increase in crude supply This was ex
Oil prices fed into the fears of stock market volatility and now suddenly fears a U.S. production increase. The U.S.