Crude Gets Clobbered

Could a collapse in demand for crude oil be imminent? If the global economy weakens, then demand for crude oil would weaken. Perhaps this is what we're seeing here now, since a sharp increase in crude oil supply surprised the markets today, sending crude oil down almost $3 per barrel!

Crude Oil Goes Ballistic

Tensions between the Saudis and the United States have sent the price of crude oil soaring today.

This situation reminds me of when the Arabs issued an embargo against the US, and gasoline prices in the US soared, and there was a shortage of gasoline in the US for a time. It also lead to a recession in the US. History repeats itself?

Crude Continues to Ramp Up

Gas prices will soon begin to reflect the higher price of crude oil. We have now hit a higher price that the high hit in mid-May.

Climbing Crude Oil

This isn't going to be good for the economy. Crude oil is up five of the past six days.

Crude Oil Climbs Sharply

I was quite shocked at how sharply the price of crude oil climbed Friday. I understand that OPEC was unable to agree on production increases.

Crude Oil Peaks -- for Now!

On May 24, the Russians and Saudis announced that they would soon increase oil production. Since then, the price of crude oil has reversed, and the price has declined significantly. And we have seen a more recent decline in the price of gasoline. 

Crude Oil Going Sky High

Crude oil price rocketed more than $2 per barrel today. And this evening, it was up another 55 cents just minutes ago. We must prepare for even higher gasoline prices. Ouch!

Economic Headlines for Nov 13th!

Is it because it's Friday the 13th? Stocks are down nearly 600 points this week. Here are the headlines that may be contributing: