NEW YORK, January 17 (FinanceEnquiry.com) - On Monday, natural gas markets succeeded in narrowing the gap, as many traders did not get involved because of a US holiday, making it hard to present any bullish case for this market at the moment. Natural gas is used in huge quantities for heating purpRead more..

NEW YORK, December 30 (FinanceEnquiry.com) - On Thursday, as oil slipped, it resulted in wiping previous gains in thin pre-holiday trade. New York’s major contract of light sweet crude for February delivery, which is known as West Texas Intermediate (WTI), dropped 36 cents to settle at $99 per barreRead more..

NEW YORK, December 29 (FinanceEnquiry.com) - Oil traded very close to its lowest price in a week, when reports emerged stating that US crude stashes have surged. This pattern indicated that the demand for fuel has dropped over concerns related to Europe’s debt crisis that may slow the global economyRead more..

NEWYORK, December 6 (FinbanceEnquiry.com) – Analyst Ryan Todd of Deutsche Bank Securities initiates coverage on Cobalt International Energy (CIE) with a BUY rating. The analyst also initiates coverage of Kosmos Energy (KOS) with a HOLD rating. The 12-month target price for both the stocksis set to $Read more..

New York, December 6 (FinanceEnquiry.com) - Europe’s continued inability to tame its sovereign debt crisis has shaken the confidence of investors who feel that fuel demand will falter. As a result, oil fell from its highest in almost three weeks in New York snapping two days of gains. After StandRead more..

New York, December 6 (FinanceEnquiry.com) - BP (NYSE: BP) accused Halliburton (NYSE: HAL) of intentionally destroying incriminatory evidence regarding possible problems arising out of the use of inferior quality cement slurry that was poured into drilling the deep sea Macondo oil well that blew out Read more..

NEW YORK, December 5 (FinanceEnquiry.com) - Oil price rose to $102 a barrel in Asia, as tension among Iran and Western powers increase along with improving signs of US economy. Brent crude rose by 45 cents to reach $110.39 on the ICE futures exchange, while benchmark crude for January delivery gaRead more..

New York, December 2 (FinanceEnquiry.com) - The European Union is facing internal division when it comes to raising sanctions on Iran. While most members of the Union are agreeing to the sanctions on Iranian banks, transportation and the Revolutionary Guards, there is indecision on whether imports fRead more..

New York, November 28 (FinanceEnquiry.com) - Signs of economic recovery in the U.S. and sanctions against Syria have pushed up oil prices to their highest level in more than a week. Futures went up for a second day on sentiment that Middle East crude supplies might be threatened by the sanctions in Read more..

New York, November 25 (FinanceEnquiry.com) - Concerns that violence in Saudi Arabia, the world’s biggest crude exporter, might disrupt oil supplies and lead to an increase in oil prices were overshadowed by Europe’s debt crisis that is threatening the global economy, plunging oil prices for a secondRead more..