Christof Ruehl, Global Advisor at Crystol Energy, believes OPEC can tolerate oil prices in the mid-$50s and that any decision to cut output would be driven by politics rather than price levels.

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Oil prices rise as Trump's Venezuela blockade stokes supply uncertainty

Oil prices rallied more than 1% on Wednesday after U.S. President Donald Trump ordered what he called a complete blockade of all sanctioned oil tankers entering and leaving Venezuela, raising global ...

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Oil price spikes after Trump orders blockade of sanctioned Venezuelan tankers

Dubai: Oil prices climbed sharply on Wednesday after US President Donald Trump ordered a blockade of oil tankers heading to and departing from Venezuela that are deemed to be in breach of US sanctions ...

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Crude Oil Price Outlook – Oil Saves Itself on Wednesday?

Crude oil has bounced from key support near $55, but skepticism remains about any sustained upside. With rising production and slowing economic conditions, rallies are viewed as potential selling ...

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Oil price spike boosts FTSE 100, as CPI cements rate cut expectations for BoE

The big story this morning is not only the moderation in UK inflation, but also the oil price. After dipping to a 5-year low on Tuesday on the back of concerns about a supply glut, President Trump ...

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