Crude oil prices edged down Tuesday, following a week of straight gains that brought the global oil benchmark above $50 a barrel for

Exxon Mobil Corp. and Chevron Corp. had their recommendations cut at Wolfe Research as the outlook for oil prices deteriorates.

Posting 8.79 million barrels per day (bpd), China, the earth’s most populous country bought more crude oil than any other country in

A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough to put OPEC’s

CRUDE OIL Prices rose by 0.25% to $45.975 today. It reached a $46.16 high and also sunk to $45.2 during the day. This comes on the

Nigeria’s crude exports are expected to rise to 1.66 million by month end from 1.61 million barrels per day (bpd) planned for shipping