Crude oil prices decreased by more than 1 percent on Tuesday and continued to tumble after settlement, dragged down by a massive increase in U.S. crude inventories. The strong recovery in U.S. shale production would complicate efforts by OPEC and other producers to cut the supply glut.
read more... 08/02/2017
Crude oil prices tumbled on Monday as robust U.S. supplies and excess speculative length offset OPEC output reductions and mounting tensions between the United States and Iran.
read more... 07/02/2017
Crude oil prices boosted on Friday after the U.S. president Trump imposed fresh sanctions on a raft of individuals and companies in response to Iran’s test-firing a ballistic rocket last week.
read more... 06/02/2017
Crude oil price tumbled on Thursday, pairing earlier gains as tensions between Iran and the United States eased.
read more... 03/02/2017
Crude oil prices soared on Wednesday, increasing more than $1 a barrel after Iran confirmed that it recently conducted a ballistic missile test launch, a move that drew criticism from U.S. and Israeli officials this week and increased concerns about the potential violation of a United Nations Security Council resolution.
read more... 02/02/2017