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Oil Prices Rise on Optimism

Oil prices rose on May 18 as traders bought into risky assets on optimism about U.S. debt-ceiling talks, largely ignoring a bearish EIA report. U.S....

What percentage of oil is used for fuel

Oil is a versatile and valuable natural resource that is used in many different industries and applications. However, one of the primary uses of...

U.S. crude oil exports hit 5 million barrels per day

International oil prices have recently turned heads, as U.S. crude oil sales overseas are set to hit a new record by 2023 as U.S....

EIA crude oil inventories unexpectedly increased sharply, US oil bottomed out and rebounded in the short-term

Data released by the U.S. EIA showed that the U.S. commercial crude oil inventories excluding strategic reserves in the week ended September 2 greatly...

September 9 US crude oil trading strategy: rebound as scheduled after oversold, be wary of returning to the decline

The number of U.S. jobless claims fell to a three-month low, and global stock markets generally rebounded, driving a rebound in oil prices. In...

The latest news of international oil prices: overnight market news and data summary

International market: At the close of eastern time on Wednesday (September 7), international crude oil closed down, of which WTI crude oil futures closed...

The S&P 500 fell 4.24% in August, the second quarterly report disclosure is coming to an end

The S&P 500 has been trying to balance the relationship between interest rates and fed expectations this year, but it failed to find a...

Poor U.S. data is bullish for precious metals

On August 25, the overall price of precious metals was positive, with gold prices fluctuating within the range of US$1750-1760/oz, and silver stabilizing at...

U.S. crude oil exports hit 5 million barrels per day

International oil prices have recently turned heads, as U.S. crude oil sales overseas are set to hit a new record by 2023 as U.S....

U.S. crude oil, refined oil inventories fall

On August 24, local time, the EIA said that in the last week, U.S. crude oil and refined oil inventories fell, but the large...

What are the types, uses and functions of crude oil

Crude oil is a liquid fuel source located underground. It is extracted by drilling. Crude oil is used for transportation, petroleum products and plastics. Element Economic...

Difference Between EIA and IEA

IEA usually refers to the International Energy Agency. The International Energy Agency, also known as the "International Energy Agency", was established in November 1974...

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