This WTI crude oil price chart shows what really affects oil prices, and it isn't as obvious as you think. Many observers make the mistake of assuming the price of oil is determined by simple supply ...

Pundits continue to emphasize global supply as a major problem for oil prices, but a look at this oil chart shows those concerns over supply are overstated. There's no denying global oil supply is on ...

The Energy Information Administration released monthly oil production today for April and here are some of the highlights of that report: 1. Despite low oil prices that averaged $54.45 per barrel in ...

This afternoon, the Energy Information Administration released updated energy production data and new forecast projections in its monthly Short-Term Energy Outlook. Here are some highlights: 1. In ...

I'm a big fan of chart patterns. Not only do I find them fascinating and visually appealing, but they can also be quite profitable as well. One of my favorite and most reliable chart patterns is the ...

Oil futures surged to a five-month high Monday morning after the U.S. struck Iranian nuclear facilities over the weekend but fell sharply later in the day amid optimism that an escalation of the ...

U.S. October oil production increased by 31 kb/d to 13,870 kb/d, another new record high. The largest increases came from the ...

WTI futures fill the gap left on the daily chart early this month. (BigCharts.com) Oil futures "filled the gap," as technical analysts like to say, with Wednesday's drop. A gap is the clear area left ...

The focus of this post is an overview of World oil production, along with a more detailed review of the top 11 Non-OPEC oil-producing countries. World oil production decreased by 231 kb/d in January ...

After a volatile week in crude oil futures, Friday saw slightly higher prices at the close. However, for the week, crude oil fell for the second time in two weeks. Two nuclear-armed countries fired ...

The South American country has a relatively low output, but its vast reserves of high-density crude oil are sought after by ...

I look at the markets and I’m aghast. Has Wile E. Coyote run off the cliff and still not know it? Oil is energy, and energy is life. As you undoubtedly know, oil has just made history and traded at a ...