(eToro Blog) WTI crude oil prices rose above $97 per barrel earlier, the result of two key factors. First, a prolonged cold snap in Europe has boosted demand for heating oil and second, an executive order was signed yesterday by U.S. President Barack Obama, which effectively freezes Iranian assets, a move which is certain to [...]
Oil 
RSS feed for this section
RSS feed for this section
Has Obama doomed oil companies?
Today, Barack Obama declared that his administration will not issue contracts associated with the Keystone XL pipeline from Canada on February 21. While the Administration has yet to deliver an official statement, officials in the oil & gas industry are bracing for impact. Assuming that the White House will not have a change of heart, [...]
Traders Fear Oil Bubble
The rocketing costs of oil and gas shales, which in one case has shot up 10-fold in five weeks, is raising concern of a bubble, according to Bloomberg. Bloomberg said that, “Chinese, French and Japanese energy explorers committed more than $8 billion in the past two weeks to shale-rock formations from Pennsylvania to Texas [...]
