oil prices

US Gas Prices Slide for Second Consecutive Week

The national average price for a gallon of regular gasoline slipped by 1.9 cents per gallon last week to reach $2.64, according to industry analysts at GasBuddy. That price remains ...
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Oil & Gas Industry Deteriorating on Low Prices, Idle Rigs: Dallas Fed Survey

In its third-quarter survey on the oil and gas industry, the Federal Reserve Bank of Dallas reported Wednesday that energy sector growth declined sharply. The bank's business activity index dropped ...
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US Keeps 645 Million Barrels of Oil Buried Under Ground for Emergencies

America’s Strategic Petroleum Reserve is the largest supply of emergency oil in the world. After drawing down several million barrels in two of the past four months, the amount has ...
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High Oil Prices Could Tip Global Economy Into Recession

Many European nations have gross domestic product (GDP) growth rates that are the worst since the Great Recession. The region's largest economy, Germany, already may have tipped into negative growth. ...
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10 Unbelievable Oil and Gas Movers After Saudi Drone Attack

Crude oil prices spiked by around 20% over the weekend following the drone attack on Saudi Arabia's Abqaiq crude processing plant. It could have been worse. High global crude oil ...
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Very Mixed Reactions to Saudi-Attack Oil Price Spike in Transportation Stocks

The weekend attacks on Saudi Arabia's oil production and infrastructure have created major moves in the markets. After all, Saudi Arabia has close to 10% of global production, and roughly ...
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Odds of $100 Oil Surge

Is it unimaginable that oil prices could reach $100 a barrel? No. Crude prices reached that point just over a decade ago. Drone attacks on Saudi oil fields pushed the ...
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Get Ready for $2 Gas

The summer of 2019 is starting to look like the summer of 2016. That year, gasoline prices started below $2 a gallon in winter. They rallied slightly into the summer ...
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Oil Demand Hit by Trade War

The gold standard of oil price and demand forecasts is the International Energy Agency's oil markets report. In the one just issued, its experts commented that the trade war has ...
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Driven by Chaos in Oil World, Gas Prices Begin to March Higher

Just in time for the long July 4th holiday weekend, U.S. gasoline prices are once again on the rise. By Independence Day, industry analysts at GasBuddy expect the national average ...
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Stifel Says Energy Stocks Are Historically Cheap With Huge Upside Potential

After plunging into the low $40s per barrel late last year, oil prices had rallied sharply, but recently West Texas Intermediate crude has slid back under the $60 level. While ...
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11 Years Since $100 Oil, Factors for Rise Are Back

Oil prices rose above $100 a barrel in 2008 and then hit $145.29 on July 3 that summer. Yet it seemed unimaginable that crude could pass the $100 mark again. ...
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Short Sellers Run for Cover on Major Oil Stocks

Crude oil was trading right around $57 a barrel early on Tuesday. Over the past month, crude has fluctuated, ranging from $53 to $57 a barrel but following the markets ...
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Short Sellers Grow More Selective on Major Oil

Crude oil was trading right around $57 a barrel early on Thursday. Over the past month, crude has fluctuated, ranging from $52 to $57 a barrel but following the markets ...
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Short Sellers Retreat on Major Oil Stocks

Crude oil was trading right around $54 a barrel early on Tuesday. Over the past month, crude has fluctuated incredibly, following the markets lower for the most part. However, it ...
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