Oil Market News Directory

Oil Price Up Thursday on News of Malaysian Plane Crash

The Wall Street Journal reported that oil prices jumped this Thursday following news that a Malaysia Airlines passenger plane had crashed in Eastern Ukraine. Additionally, Israel sent soldiers into the Gaza Strip, further bolstering oil, which reached its highest price in more than a week, according to the Journal.

U.S. Oil Exports Could Mitigate Price Rises

Writing for Time, Bryan Walsh explored the future of oil exports from the United States in light of increasing violence in Iraq. Although he noted that it is not easy to predict the future of oil and energy, Walsh suggested that the U.S. could play an even bigger role on the global oil and energy markets in the future.

Brent Crude Falls, U.S. Prices Up on Export Approval

Reuters reported today that prices for Brent crude oil fell as fears surrounding the impact of violence in Iraq on oil exports subsided. However, U.S. oil prices were up following a decision by the U.S. government to allow exports of lightly refined oil.