Oil Prices Fell and the U.S Output Inventories Reach a New Record

It seems that the oil prices fell on Thursday, and this led to a surge in inventories. The Brent crude oil cost $71.57 for every barrel at 0837 GMT, which is with... Read more »

Oil Prices skyrockets as 11 princes get arrested

Oil prices jumped to a 2-year high as princes and four ministers get arrested in Saudi Arabia. Billionaire Prince Alwaleed bin Talal was arrested among a sweeping anti-corruption probe which puts more... Read more »

Oil prices start rising and gas prices start falling

Oil prices rise as Hurricane cleanup efforts continues in the United States. Brent crude is up 34 cents, or 0.6%, to $54.61 a barrel as the International Energy Agency said there was... Read more »