Near term future remains cloudy for crude on the commodities market

West Texas Intermediate crude oil futures slipped on the commodity index today, falling further from the resistant $100 per barrel, as concern over Europe’s debt again took over the sector. Scepticism surrounding the new fiscal union in the euro zone and its effectiveness led to the fall of the euro, and...

A possible embargo on Iran and its repercussions on the oil commodity prices

With tensions surrounding Iran’s nuclear program seemingly on an exponential rise, European refineries are trying to assess how a potential embargo on the prolific OPEC exporter’s oil will affect the addled continent. Over the weekend, the European Union has widened the range of sanctions it will impose...