Trump's plan to seize Venezuelan oil pushes crude prices
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Silver’s market capitalization has overtaken that of America’s most valuable company, Nvidia, as one ounce of gold buys 80 barrels of oil.
"This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America," Trump said.
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Silver just beat oil: 1 oz now worth more than 1 barrel
For the first time in living memory, a classic market yardstick has flipped: one ounce of silver now buys more than a full barrel of crude oil. The move caps a year in which silver has surged while benchmark oil contracts have slipped back,
Finding support at 6-month lows of around $56.40 per barrel, WTI has rallied just shy of 8.6% in the last three sessions alone. The United States announced new sanctions on Russian oil exports, following an apparent breakdown in ceasefire negotiations ...
The IEA, EIA, and BloombergNEF all forecast a major global oil surplus through 2026—up to 4 million bpd. The IEA admitted it couldn’t account for 1.47 million barrels per day of global supply in August, raising doubts about the accuracy of its glut ...
The U.S. Department of Energy has awarded two contracts to add a total of nearly 1 million barrels of domestic crude oil to the Strategic Petroleum Reserve that is at about 50% of capacity. The DOE had requested proposals Oct. 21 of suppliers interested in ...
Trump on Tuesday unveiled a plan to refine and sell up to 50 million barrels of Venezuelan oil that had been stuck in Venezuela under U.S. blockade, in a further sign that Washing