Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market. 390 more words
Prices had surged Tuesday, getting a boost from a weaker US dollar that makes dollar-priced oil cheaper for holders of rival currencies. But on Wednesday Oil prices plunged, despite a much bigger-than expected decline in US crude inventories, as slowdown at refineries raised concerns about the strength of demand. 134 more words
The world’s stock markets have taken a battering Thursday, succumbing to the fear that has grabbed bond markets in the last week on the realization that there was little or no room for them to go any higher. 518 more words
Economic Update 4-20-2015
Chris Faulkner, Breitling Energy CEO, provides his take on how geopolitical risk is impacting the price of crude.