Brent Oil

Oil’s Price Rollercoaster Continues

Oil’s Price Rollercoaster Continues

Traders on global Oil markets pushed black gold’s price down on Thursday morning. Continuing peace talks as well as a lockdown in Shanghai and a potential release of U.S. strategic reserves could have contributed to this downtrend.

Oil Drops From Near 14-Year Peak to Below $100

Oil Drops From Near 14-Year Peak to Below $100

Oil took a tumble Tuesday, marking a sharp decrease from last week’s near 14-year high price per barrel. Many analysts are pointing to an uptick in coronavirus infections in China along with the Federal Reserve’s expected hawkish turn as the proximate causes for this latest turnaround in the petroleum trade.

What Is OPEC+ and How Does It Affect Oil Prices?

What Is OPEC+ and How Does It Affect Oil Prices?

OPEC+ met yesterday to discuss planned Oil output increases. To understand why the organisation has decided to continue gradually increasing production in April, it’s important to take a look at its history and role in energy markets.

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