Crude-oil prices extended gains midway through August, with analysts viewing this as a positive sign that prices could firm in the near future. The optimistic outlook comes against the backdrop of an expected surge in demand for gasoline amid the driving season in the United States
When Saudi journalist Jamal Khashoggi failed to exit from his country’s embassy in Istanbul on October 2, 2018—after he entered it to complete required paperwork—the most powerful country in the Middle East was poorly prepared for the global repercussions that would eventually follow.
Crude-oil prices have spiked more than 22 percent in the last three months to their highest level in more than three years, with prices of light, sweet crude scaling $66 in January for the first time since December 2014
Say what you will about Venezuelan President Nicolás Maduro, but the man seemingly won’t go down without a fight. He recently announced plans for the country to develop its very own cryptocurrency—dubbed the “petro”—to circumvent the economic sanctions placed on the country by the United States.
Crude oil, or black gold as it is commonly referred to, may not exactly be a tangible investment asset like gold—or some of the other precious metals, such as platinum, palladium or silver