Tag: Oil Prices

Oil Outlook Brightens

Oil extended its winning streak to the longest in almost a decade as the Federal Reserve’s wait-and-see approach on interest rate hikes added to a rosier outlook. Oilfield1 Shop Futures rose 0.4 percent in New York, continuing a recovery from a drop of about 40 percent at the […]

Is $80 oil on the horizon?

This year may be anything but staid for the oil market as Citigroup Inc. predicts wildcards including war, Middle East tensions, Donald Trump and Kim Jong Un driving crude toward $80 a barrel. After prices were boosted by OPEC’s output curbs in 2017, the U.S. President has shifted […]