Oil prices have been on the mend over the past few days, but aren't out of the woods quite yet. Here's what the charts say could be next.
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Trans Mountain said that throughout the shutdown, the pipeline was safe and there was "no indication of any product release or serious damage to the pipe." The operator said on Monday it was "still days away" from restarting the key oil pipeline at a reduced capacity as heavy rains continued to impede restoration efforts. Heavy rains and flooding are causing widespread disruption across Canada's westernmost province.
Florida-based company Trans Caspian Resources has come up with a solution that could link Turkmenistan’s huge gas reserves to Azerbaijan, and further on to Europe
- FX Empire
Crude oil markets rallied a bit during the trading session on Friday but found plenty of trouble at the 200 day EMA midday.
Oil futures end mixed on Friday, with global benchmark prices up but U.S. prices finishing with a loss.
(Bloomberg) -- President Joe Biden said U.S. drivers are beginning to see lower prices at gasoline pumps, but that China has not yet participated in a global release of oil reserves his administration has tried to coordinate.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female Founders‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsAutomating the War on Noise Pollution“Since the end of October, the average weekly price of gasoline on the wholesale market -- that’s what
- FX Empire
Crude oil markets have been all over the place during the past week, as we try to figure out whether or not the demand is going to pick up.