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What Caused the Recent Drop in Oil Prices? Goldman Trader Chimes In

Goldman Sachs trading desk attributes the recent plunge in oil prices to a combination of weaker physical markets, decreased Middle East risk premium, and other market dynamics. ....

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US Drillers See Sharpest One-Week Increase In Oil Rigs Since February

The number of oil rigs rose by 6 to 500 the highest one-week increase in 9 months ....

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U.S. Sanctions U.A.E. Maritime Firms for Bypassing Russian Oil Price Cap

The U.S. has imposed sanctions on three U.A.E.-based maritime companies and three vessels for transporting Russian oil above the imposed $60 price cap. ....

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Thanksgiving Travel Surges To Pre-Covid Peaks, Marking A Return To Normalcy

As many as 49.1 million Americans are expected to hit the highways, an increase of 1.7% compared to 2022. ....

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Lucid Motors Reports Staggering $227,000 Loss Per Car

Lucid Motors reported a substantial loss of $227,000 per car sold in the third quarter, highlighting significant financial challenges in the electric vehicle industry. ....

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