Traders say weak U.S. ISM services data and other poor economic data from Europe trumps positive U.S. manufacturing data earlier this week and is adding to the pressure on oil prices. Read More
Palladium raced ahead of all other metals in April. After climbing double digits in the first quarter, platinum and silver futures were down 4 and 5 percent, respectively. Both metals lost ground for the second consecutive month. Copper prices were flat, and gold seems to have lost its luster, posting its third straight monthly decline. Read More
Equitable Origin is a start up that is trying to change the way oil and natural gas drilling occurs so that it is safer and cleaner, and there is accountability in the event of a disaster. Read More
WTI oil futures have recovered earlier losses to climb to session highs over $104.74 a barrel, after positive data on the U.S. manufacturing sector and a flow of money into commodities at the start the new quarter. Read More
When President Obama was inaugurated, gas was selling for $1.90 a gallon, and it is now nearly $4.00. Mr. Obama says he needs four more years to change America—if reelected can we look forward to $8.00 a gallon? Read More
The looming Iranian oil embargo has heightened the concern of risk to global oil supplies. Meanwhile, energy production in this country is booming. Read More
Gas prices have pushed the economy into the early stages of demand destruction, said Richard Hastings, a consumer strategist at Global Hunter Securities. He said he expects to see a mild reduction in retail sales growth starting in May. Read More
Weaker manufacturing data from China and the euro zone weighed on oil prices Thursday. The May 12 West Texas Intermediate futures contract dropped below key support of $104.88, which is the 50 percent retracement of the February rally that took the contract from $98.38 to $110.95. Read More