Tag: Oil

Goldman Sachs analysts have claimed that rising oil prices should not have too much of an impact on U.S. consumers or gross domestic product, adding that they are a manageable challenge for the U.S. economy. On Monday, the national average for gasoline was $3.85;...

Oil prices declined on Wednesday, bringing a halt to a strong rally that saw Crude rise to a 10-month high. Brent crude prices fell 0.8% from the previous session to $93.50 per barrel. While oil appeared to be destined for a return to the...

As the oil market continues to heat up, investors are increasingly considering the possibility of oil prices hitting $100 per barrel. This comes as premiums for physical barrels from the Middle East, Azerbaijan, and Russia are continually being sold for premium prices as seasonal...

Diesel prices have surged above $140 in the U.S. as global oil refiners struggle to produce enough diesel to meet global demand. In Europe, diesel has surged by 60% over the course of the summer, and Saudi Arabia and Russia's decision to extend their...

Data released by the Bureau of Labor Statistics on Wednesday morning revealed that consumer prices rose in August. The Consumer Price Index (CPI) rose 0.6% on a month-over-month basis and by 3.7% compared to August last year. These increases were largely driven by a...

Goldman Sachs has warned its clients that oil prices could skyrocket to $107 per barrel next year should Russia and Saudi Arabia continue to implement aggressive output cuts. This comes after the two nations announced that they would extend their production cuts until the...