Echo Energy

Oil rises above $100

Oil rose above $100 a barrel in a volatile session on Wednesday, finding support from supply concerns and easing worries about slowing Chinese demand, while signs of progress in Russia-Ukraine

Echo Energy

Oil storms higher

Oil prices soared and shares sank in frantic trading on Monday as the risk of a U.S. and European ban on Russian product and delays in Iranian talks triggered what

Echo Energy

Crude jumps as markets weigh Russia sanctions

Crude oil futures jumped Feb. 28 in early London trading as markets weighed the impact of tougher financial sanctions on Russia against reports of possible negotiations between Ukraine’s government and

Echo Energy

Oil prices gain more than $1

Oil prices gained more than $1 in early trade on Monday on rising jitters over potential conflict between Russia and Ukraine, with the United States and European Union making clear

Echo Energy

Why oil prices jumped to an eight-month hig

Oil prices on Monday jumped to an eight-year high after the US warned that Russian President Vladimir Putin could order an invasion of Ukraine imminently. The invasion could trigger sactions

Echo Energy

Crude Oil’s “Swan Song”

Mark Clubb, CEO of TEAM Asset Management plc commented, “The transition to a carbon free world could be interrupted by soaring crude prices. No matter how “doomed” crude oil may be over the long

Echo Energy

Oil rises on supply shortage

Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a

Echo Energy

Oil prices climb higher

Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight supply outlook, while OPEC and its allies continued to

Echo Energy

Oil prices may rise even more

The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even further because of tight supplies. “These prices are justified,” Mike Muller,

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