Oil reached $50 per barrel for the first time since November 2015. Investors had expected a positive outcome from the OPEC meeting in Vienna. However, market analysts believe the event is meaningless. 304 more words
Tags » Crude Prices
Article by Brian L. Milne, Energy Editor, Product Manager with Schneider Electric
Gasoline demand in the United States is weakest during the winter months, which Is certainly no surprise considering cold and sometimes hostile weather that limits road travel after the holidays. 757 more words
Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices
Gasoline futures swung to a five-month low of $1.2760 gallon in ending July business before paring the decline on technical-driven short covering ahead of the August contract expiration, with the low plumbed during peak seasonal driving demand in the United States amid a market awash in supply. 889 more words
TORONTO – The price of oil has settled above US$50 a barrel for the first time in nearly a year.