Tag Archives: Baker-Hughes

Summary: Oil prices extend last week’s rally. Last week’s rally was driven by the fall of gasoline inventories. Today’s advance was helped by speculation over next month’s IEA meeting. This Great Graphic from Bloomberg shows the September light sweet crude oil futures contract since peaking in early June near $52.75.  It reached a low last week of about $39.20. The turn last week came on news that although oil...

Read More »