The Wall Street Journal reported that banks have raised their crude oil price forecasts for the sixth straight month and expect the price of Brent crude to average $63 a barrel this year. read more

APR 2, 2018 - 6:47 am

The Wall Street Journal reported that U.S. crude oil prices have climbed to more than $70 a barrel as suppliers have capped production and stockpiles are shrinking. read more

JAN 26, 2018 - 7:03 am

Bloomberg reported that OPEC’s decision to cut crude production caused oil investor optimism to rise to the highest level seen since the beginning of the slump. read more

DEC 19, 2016 - 7:14 am

According to Bloomberg, the International Energy Agency said that oil prices have passed their lowest point as shrinking supplies outside of OPEC eat into the global surplus. read more

MAR 11, 2016 - 6:58 am

Bloomberg reported oil prices changed very little despite diplomatic conflict between Saudi Arabia and Iran, which demonstrates the atypical state of the oil market. read more

JAN 5, 2016 - 7:07 am

According to the Energy Information Administration, companies operating in U. S. shale formations will cut back production by 570,000 barrels a day in 2016, Bloomberg reported. read more

DEC 28, 2015 - 7:57 am

Bloomberg reported that after a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output. read more

OCT 21, 2015 - 8:03 am