Crude oil prices stand to gain from Iran-Saudi Arabia embargo spat

An announcement from Saudi Arabia was issued today stating that the OPEC nation, the world’s largest crude oil provider in the world, would fill in whatever gaps Iranian embargos would bring to the charts. The announcement was quickly followed by Iran’s response, which issued threats of unspecified...

Traders ponder Europe, OPEC, as crude oil price charts fluctuate to little effect

Crude oil holds its ground on the commodity index, as anxiety begins to emerge over Europe’s new austerity plans.