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Oil Prices Fall Again As Wall Street Sees Threat Of Historic Default

Oil prices shed 1% in Thursday morning trading over American debt and the prospects for a historic default, despite gains on Wednesday driven by demand optimism in the U.S. market ....

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Erdogan Confirms Extension Of Black Sea Ukraine Grain Deal

Turkish President Recep Tayyip Erdogan has announced that the Black Sea Grain Initiative allowing for the export of Ukrainian grain through the country s Black Sea ports, has been extended for another two months ....

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OPEC Cut Failed To Lift Oil Prices, But The Year Isn't Over Yet

Crude oil prices have been on a losing streak for four consecutive weeks, and while sentiment remains negative for now, the OPEC cuts are likely to tighten oil markets later this year ....

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Crude Shows Surprise Build But Product Inventories Slip Further

The trend of decreasing Strategic Petroleum Reserve (SPR) continues for the seventh week, while U.S. crude oil production remains steady at 12.3 million bpd. ....

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U.S. Gasoline Prices Are Set For A Significant Decline

The average price of gasoline in the United States is down by $1 compared to this time last year and is set to fall even further this year. ....

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