Futures in New York rebounded somewhat on Friday but still ended the week down 6.6 percent.
One could logically argue that crude oil prices should be heading toward $100 a barrel given the bullish factors in global oil markets. Why prices have stayed low is something of a mystery that cannot be explained by President Trump’s Twitter habits alone.
It’s been a month since Russian oil flows through the Druzhba pipeline were suspended due to contamination, and despite Russia’s assurances that clean oil will resume flowing through the pipeline westward to Europe in the second half of May, analysts and traders say the progress is very slow while costs...
Texas money is flowing into a small corner of Canada’s oil sands at a time when big international companies are pulling out.