Oil prices inch higher on U.S. rig count decline

9 Jan 2018   Prices

Crude oil prices started Monday in positive territory, continuing from last week’s rally as shale producers in the United States showed a bit of a pullback. The bulls were running out of the gates to start 2018, prodded by political unrest in Iran, one of the leading producers in the Organization of Petroleum Exporting Countries. While production hasn’t been impacted by protests, it will be if U.S. President Donald Trump decides later this week to not issue a sanctions waiver for Iran under the terms of a U.N.-backed deal he’s vowed to unravel. Last week saw severe weather across much of the eastern half of the United States, with snow falling on […]

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