Rise In Inventory Draws Bolsters Oil Prices

U.S. crude oil stock, as predicted by the Energy Information Administration, showed that production for the week closing June 14 dropped this week to 12.2 million BPD, a 200,000 sag from the record high of 12.4 million BPD.  The official…

Read More

Gold Nears 6-Year High As Buyers Shift Focus

Gold rose on Monday as the dollar declined, with values creeping near a six-year high when compared to previous quarters. Reaching $1,410.78 on Friday, gold prices have risen nearly 8 percent for the month of June, making it the highest…

Read More

Oil Increases After Iran Destroys U.S. Drone

Iran’s destruction of a United States surveillance drone has provided oil prices with their biggest hike this year, and President Donald Trump’s statement that Tehran has made “a very big mistake” leaves the industry in question as to how the…

Read More