US stock market climbs up, oil investment follows suit

Crude oil rises on the charts as the US reports a thriving housing market and strong stock showings.

New Saudi oil commitment may allay fears of price hike

The market will benefit from a new Saudi commitment to produce higher crude volumes that would eventually temper crude oil prices, says a London source According to the Center for Global Energy Studies (CGES), Saudi’s earlier statements on local oil production (in relation to demand) gave the market some...

WTI oil investment takes an upturn despite increased inventories

Crude oil futures gained ground on the US commodity index today as traders took the expected reports of increased domestic stockpiles as a cue to invest in oil. West Texas Intermediate oil prices for delivery in June rose 44 cents to settle at $103.55 per barrel in New York commodities trading. Brent crude...

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