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Oil Prices Fall After 2-Day Rise

Crude oil prices fell on Thursday after rising on Tuesday and Wednesday, with Brent retreating shortly before reaching $98 per barrel. The price of a Brent barrel sank 1.69% on Thursday by 2:58 pm ET, a $1.63 loss on the day to $94.92.…

Will We See $100 Oil In October?

After rallying to more than $97 per barrel on Wednesday, Brent crude took a breather on Thursday as traders started to take profits and the macro-focus in the markets turned to rising interest rates. The bulls can thank a sustained…

China Prepares For Peak Oil Demand

Peak oil demand is coming to China; this message has been conveyed repeatedly by forecasters such as Wood Mackenzie and by China’s very own state oil majors. Given China’s current importance for oil markets and the importance of oil for…