February 1, 2013

What's Driving the Huge Rally in Crude Oil?

Sober Look, Sober Look


AP Photo

US crude oil prices have been moving up for nearly two months now. There are a number of possible explanations for this strength in crude, including ongoing Mideast unrest, expectations of higher demand from China, and of course the QE-driven "risk-on" trade.

Read Full Article ››

TAGGED: Oil

RECOMMENDED ARTICLES

Most people can't think about Texas without thinking about oil, and a recent flood of investment into two onshore shale fields has helped the state bolster its title as one of the world's leading energy producers.According to... more ››
 Nine blackened tankers are scattered around the site. Part of the rail is mangled, warped, and burned black.A train carrying propane and crude that crashed in the hamlet of Gainford, Alta., early Saturday morning is once... more ››
October 21, 2013
Oil Supply Vulnerable 40 Years After Embargo
Wendy Koch, USA Today
In 1973, Archie Bunker's All in the Family topped TV rankings and Tony Orlando's Tie a Yellow Ribbon 'Round the Ole Oak Tree led Billboard charts. On the economic front, the United States depended heavily on foreign oil. . . more ››
October 21, 2013
Is Deepwater the Next Oil Bonanza?
Daniel Graeber, OilPrice.com
Strong growth in international drilling activity helped increase quarterly profits for some of the largest oil companies in the industry. Oil services company Baker Hughes Inc. said last week the number of rigs counted... more ››
October 21, 2013
Even a Dead Cat Looks Alive Before It Hits Bottom
Kurt Cobb, R.I. Blog
Energy independence sounds good, and that's why politicians and oil company executives love to say the words. It's so easy to say, but oh so hard to actually accomplish, which is why the United States has been a consistent... more ››