Commercial oil reserves in the United States experienced an unusual increase of 1.3 million barrels over the past week, altering market projections. As reported by the U.S. Energy Information Agency (EIA) last Wednesday, this change defies common trends for this winter season.
Contrary to…
Read More...
Browsing Tag
West Texas Intermediate
Oil reaches its highest price in the last 14 years
The price ofBrent quality oil, a reference for Europe, reached the verge of 140 dollars, close to the historical maximums registered in 2008, after soaring almost 20 % at the beginning of the session due to fears that the United States may…
Experts analyze bitcoin’s capacity in the face of falling oil
This Monday, April 20, the price of a barrel of oil suffered a historic drop in the oil market when, for first time, the future values of the reference US crude West Texas Intermediate (WTI) fell below US $ 0 yielding negative balances of…