U.S. crude oil briefly touched a 14-year high of $130 a barrel on Monday as the Biden administration continued to lobby for a ban on Russian oil and natural gas, inciting fears that the worst of infla...
Tag: Barrel
Dow Falls 400 Points, Oil Briefly Hits $130 Per Barrel, With No End In Sight For Russia’s Invasion Of Ukraine
Topline The stock market moved lower on Monday after oil prices briefly hit more than $130 per barrel overnight—the highest level since July 2008—as the escalating conflict between Russia and Ukraine ...
Oil Traders Are Betting Prices May Pass $200 a Barrel This Month
(Bloomberg) — Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost bets that futures will rise above $200 before t...
Oil Surges To $139 A Barrel As Biden Weighs Russian Bans
Gas prices of over $5 a gallon are posted at a petrol station in Alhambra, California on March 4, … [+] 2022. – Californians filling up their cars on March 4, 2022, winced at the spiraling...
Why Russian oil can’t find buyers even as crude soars above $100 a barrel
Call it a “buyers strike” or “self-sanctioning,” but Russian crude is being shunned in the physical market even as a scramble for barrels sends oil futures to their highest levels in years. “The curre...
Dow Falls 200 Points, Oil Nears $120 Per Barrel As Russia’s Invasion Of Ukraine Continues
Topline Despite a solid February jobs report, the stock market fell once again Friday—with the Dow posting its fourth straight week of losses—as surging oil prices neared $120 per barrel amid the esca...
Bitcoin Benefits From A $100 Oil Barrel? Analyst Thinks So
Bitcoin continues on its decline after rejection at the mid area of its current levels. The first crypto by market cap saw a short live rally on lower timeframes and has now moved back into the lows o...
Oil at $114 a barrel: what to expect from the U.S. Fed now?
The benchmark S&P 500 index is up 2.0% on Wednesday after the Chairman of the U.S. Federal Reserve Jerome Powell said the unprecedented sanctions on Russia were unlikely to meaningfully affect the...
U.S. oil jumps to highest since 2013, tops $109 a barrel as Russia’s war on Ukraine sparks supply fears
Oil pipelines, pumping rigs, and electrical transmission lines dot the landscape along California’s “Petroleum Highway” (Highway 33) running along the northwestern side of the San Jo...
Oil Prices Hit New Seven-Year High At $106 Per Barrel As Russian Assault On Kyiv Sparks Supply Fears
Topline Oil prices continued to skyrocket on Tuesday as Russia’s military ramped up its assault on Ukraine’s capital city of Kyiv, with U.S. West Texas Intermediate crude surging to seven-year highs o...
U.S. oil jumps to 7-year high above $101 a barrel as Russian assault prompts supply shortage fears
Oil pumping jacks, also known as “nodding donkeys”, in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrewy Rudakov | Bloomberg | Gett...
Are Oil Prices Headed Back Above $100 A Barrel?
Prince Abdulaziz bin Salman Al-Saud, center, Minister of Energy of Saudi Arabia looks prior to the … [+] start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at the...
U.S. oil prices top $90 a barrel for the first time since 2014
A pump jack at oil well and fracking site situated in cotton field in Shafter. Kern County Education Images | Universal Images Group | Getty Images U.S. oil crossed above $90 on Thursday for the first...