Browse by Category

Oil Edges Higher to End Turbulent Trading Week

(Bloomberg) — Even a minuscule decline in U.S. stockpiles was enough to give oil prices a boost after a turbulent week of trading. Futures in New York rose after the Energy Information Administration reported that U.S. crude inventories fell by 46,000 barrels last week, the smallest decrease since 2011. The decline was viewed positively following

What is Driving the Oil Price Down?

What is driving the oil price down is the fact that the market believes the market is oversupplied. That’s what Will Rhind, founder and CEO of GraniteShares, outlined in a video interview with CNBC on Friday. “What is really driving this price movement down is the fact that the market believes that the market’s oversupplied