Oil is one of the most important and most frequently used resources in the world. The price of oil has repercussions for everyone from the cost of filling up our autos to purchasing groceries, plane tickets and even medicine among many others. It’s a fact that many people aren’t aware of how the movements in oil prices can impact their wallets. Read more
Prices of crude oil futures declined in the Asian session Tuesday as a lack of progress in negotiations for a deal to avert the US fiscal cliff weighed on sentiment. Read more
Crude oil prices have been capturing many news headlines around the world today. Unless you’ve been living under a rock, you’re pretty much aware of the rapid fluctuations of oil prices. Read more
Oil is one of the most important commodities being traded today. It has been used since the ancient times but the invention of the internal combustion engine as well as the growth of the automobile industry realized its value rise. Eventually, people found a way to extract the oil at a viable rate and as a result, the market grew and encouraged investors and traders to speculate on oil prices. Today, oil offers itself as a profitable capital market which traders invest with. Read more
The Department of Energy in Washington D.C. stated that the US met 83% of its energy needs in the first half of this year. The International Energy Agency believes that the US is on course to become almost self reliant or even a net exporter. Read more
