- Harvey: Why oil prices are falling, not spiking
August 29, 2017
Hurricane Harvey dealt a powerful blow to oil production in Texas and the Gulf of Mexico. Normally, that would spark fears of a supply crunch and lift the price of oil. Yet the opposite is happening.
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- Oil price falls despite Hurricane Harvey floods
August 29, 2017
The price of crude oil fell again this morning as devastating floods continued to batter the oil city of Houston, Texas.
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- China and the changing crude dynamics
August 28, 2017
Crude markets are faced with contrasting push and pull. In the short term, markets are keeping a close eye on the possible debt default by Venezuelan oil giant Petroleos de Venezuela SA (PDSVA). This could help prop up the oil market prices.
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- Oil Ticks Up as Hurricane Approaches Texas
August 25, 2017
Oil prices advanced Friday in volatile trading, as investors tried to gauge the impact of a hurricane hurtling toward the Texas coast.
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- Forget OPEC, China Controls Oil Prices
August 23, 2017
U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by cutting production. Yet, there may be another factor that could bring down oil price...