United States Oil (USO) tumbled down again in the past few months and reached its lowest level this year. Also, the price of WTI oil plunged by over 10% this month (up to date) to $82. Will prices keep coming…
What Brought Down Oil Prices?
Tag: Crude Oil
Is Oil Heading towards a New Year Low?
United States Oil (USO) resumed its downward trend as it fell by nearly 3% since the beginning of October. Let’s review some of the latest developments related to USO that could impact its direction and performance. The chart shows the…
Is Oil Heading towards a New Year Low?
During last month, the price of United States Oil (USO) declined by nearly 4.5%, while the price of oil (WTI) fell by 5.5%. Brent oil also fell by over 8.8% in the past month. Let’s examine some of the latest…
Oil Could Resume Its Downward Trend
The price of United States Oil (USO) slightly declined in the past few days but it still hasn’t moved much from the $34 to $35 price range. Nonetheless, this oil ETF dropped by 3.7% since the beginning of the month…
Will Oil Remain in the Low $90’s?
Oil prices remained relatively stable in the past few days as WTI oil price has been trading around $93-$94 and Brent oil at $97-$99. United States Oil (USO) is also relatively stable at $34-$35. Looking forward, the latest updates from…
The Oil Market Keeps Cooling Down – How Low Can it Go?
The oil market resumed its downward trend in the past few days as WTI oil price fell to $92 and Brent oil dropped below $100. United States Oil (USO) also followed and declined by 3.2% since the beginning of the…
Oil Could Keep Falling Despite Stagnate Production
The price of oil dropped again last week by 3.8% to the $93 mark. United States Oil (USO), the oil ETF also slipped by 1.4% in the past week. Oil prices could continue to come down due to recent developments…
Will Gas Prices Keep Rising?
The rise in the price of oil (WTI) has also pressured up gasoline prices. They are currently around the $3.5 per gallon mark . Despite the recent rally of gasoline prices, they are likely to come down in the coming months.…
Will Oil’s Rally Continue?
The oil market is heating up. The recent developments in the Middle East and the start of driving season in the U.S may have contributed to the recent rally of oil prices. Will the oil market continue to heat up?…
Will Oil Break the $100 Mark?
In the past couple of weeks the price of oil has slowly recovered from its downward trend it had during April. Will the price break the $100 in the near future? How the recent developments in the oil market affect…