In One Chart: Why Oil Prices Will Never Return To $100 A Barrel, In One Chart

The oil market suffers from an abundance of oil that’s going to add pressure to the market for decades to come, says

Topics:  oil   market   
BING NEWS:
  • Oil prices fall on fear of high US interest rates depressing demand
    Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand.
    05/20/2024 - 1:16 pm | View Link
  • Closing prices for crude oil, gold and other commodities
    Gold for June delivery rose $21.10 to $2,438.50 per ounce. Silver for July delivery rose $1.17 to $32.43 per ounce, and July copper rose 3 cents to $5.08 per pound. The dollar rose to 156.27 yen from ...
    05/20/2024 - 8:26 am | View Link
  • Weekend press: Under-fire UK water companies lash out at ‘labyrinthine’ regulatory system
    In our latest round-up of the weekend’s utility sector media coverage, water companies have lashed out at Ofwat for creating a “labyrinthine framework of intense complexity”, which is stalling ...
    05/19/2024 - 8:53 pm | View Link
  • Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
    Oil futures climbed Friday, contributing to gains for the week, as some economic data from the U.S. and China raised hopes for stronger crude demand. Oil prices have found additional support ...
    05/17/2024 - 8:22 am | View Link
  • Oil Prices Rise on Positive Inflation Data, Falling Stockpile
    Oil prices were rising, with Brent set to finish the week up on positive economic data and a fall in inventories. Brent crude was up 0.4% at $83.61 a barrel, while WTI rose 0.3% to $79.44 a barrel.
    05/16/2024 - 10:33 pm | View Link
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