Oil prices drop as talks of Greek debt cause worries in Europe

According to Greece officials, they are positive that they will be able close a good deal with private lenders whom they are seeking for the purpose of reducing the nation’s total debt. This will be necessary if Greece is to get a new round of bailout funds to avoid debt default.  The discussions are...

Higher production caps for OPEC spell trouble for crude oil prices to come

Crude oil prices traded near their lowest levels in more than five week today, with the commodity falling sharply right after the first wave of news concerning OPEC’s Vienna meeting reached the sector. Traders of the fuel scrambled to sell after representatives from the group announced its decision to...

Crude oil retreats on the commodity index amid stalled embargos on Irans product

Crude oil prices fall on the charts, as oldissues are raised surrounding Europe’s debt crisis and its looming repercussions.