Tag: energy information administration

Oil Prices Decline as Concern Over Commodities Continues

Oil prices declined sharply on Wednesday after government data showed an unexpected rise in US commercial crude inventories, raising concerns about an worsening supply glut. The...

US Consumer Confidence Lifts Dollar

The US dollar advanced for a second straight session on Friday after preliminary data showed a bigger than expected rise in consumer confidence, signaling...

Crude Oil Pushes Higher as Demand Improves

The price of oil advanced for a second consecutive day on Tuesday, after Saudi Arabia increased pricing to Asia in a sign that demand...

Brent Crude Tumbles as Oversupply Remains In Focus

Oil prices declined on Thursday after an OPEC minister signalled that output would remain elevated, raising speculation the global oil glut would persist for a...