Oil prices started the week moving upwards after geopolitical tensions threatened both Iranian and Saudi Arabian oil, but a rising rig count on Friday has all but erased those gains. It was mostly a quiet week for oil prices, rising on the back of geopolitical tensions at the start of the week before losing those gains on Friday as the oil rig count increased. Earnings reports started trickling in this week, with strong performances across the board. The recovery of oil markets in the last year is starting to be reflected in earnings, although some share prices were battered as Wall Street had expected more. Shell posts strong earnings initiates $25 billion share buyback […]