USOIL

Crude Oil Drops Below $0 For The First Time in History

In a truly bizarre turn of events, crude oil has dropped below $0 for the first time in history. Over the course of the day, traders watched as WTI crude oil crashed during its trading session, falling to $15 per...

Crude Oil Continuing to Flounder Below $20

On the 12th of April, the OPEC alliance, headed by Saudi Arabia, and Russia reached an agreement to cut the production of oil by 9.7 million barrels per day until June, effectively ending the ongoing price war between the two...

NFP Release Non-Event

On Friday, the Non farm payroll data was finally released for the month of March. From the 8th-14th March, 701,000 jobs were lost in the United States, far exceeding predictions of 100,000....

Jobless Claims Double Again

Crude Oil Drops Below $30 as Market Opens

WTI Crude Oil has experienced a tremendous sell-off as the price dropped 30%, falling below $30 a barrel. This is an unprecedented drop in the price of oil, with prices like this not having been seen since 1991 during the...
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