• India is freaking out about rising oil prices

    9 days ago - By CNN Mone

    India told Saudi Arabia that high oil prices are hurting. OPEC and Russia are discussing their next move.
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  • European shares set to extend winning streak on oil surge

    9 days ago - By Reuters

    European shares dipped in morning trade but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy. Ciara Lee reports
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  • This Oil Rally Could Have Much Further To Go

    This Oil Rally Could Have Much Further To Go

    9 days ago - By ETF Daily News

    For more than a week now, West Texas Intermediate crude oil has been trading north of $70 per barrel, a level we haven't seen since November 2014. Gas prices are likewise trending up, as I'm sure you've noticed.
    According to the American Automobile Association , the average cost for a gallon of regular gas was $2.88 on May 15, up nearly 25 percent from a year ago.
    This will inevitably push inflation up even higher. In April, consumer prices advanced 2.4 percent year-over-year, their fastest pace since February 2017.
    Energy the Best Performing Sector for the Three-Month Period
    The good news...
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  • Oil prices set for sixth week of gains, India sounds alarm

    9 days ago - By Reuters

    LONDON - Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.
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