Oilfutures recover from a swoon after President Trump said he would ask Saudi Arabia and OPEC to lower crude prices, which would imply the producer group bringing back some withheld production.
Oil futures declined in Asian trading. Prices remain volatile as traders try to assess the fallout from recent U.S. sanctions on Russia’s energy sector, ANZ Research analysts said.
0111 GMT — Oilfutures edge lower in early Asian trading. The market is digesting the impact of U.S. President Trump’s raft of new energy policies, ANZ research analysts say in a commentary.
1,000 barrels of oil are generally included in a futures contract, with each barrel containing 55 gallons of oil. Most price speculators don’t have space to store 55,000 gallons of oil and are ...
Energy companies and small businesses may find that they can save money and hedge against harsh winters by trading in heating oilfutures. Are futures riskier than options? Understand the risks ...