Hit Putin Where It Hurts -- Selling oil from the US Strategic Petroleum Reserve could cut world oil prices by $10 to $12 per barrel. Although that amounts to only about a ten-percent reduction, it would cut Russian export income by around $40 billion, about ten percent of the country's 2012 fuel export income according to the WTO. This action could exacerbate the ruble's decline as well. Read more here.

4/22/2014
118.30
PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
Short-Run Fundamentals Prices Point to Higher Prices; Long-Run Fundamentals May Point to Bankruptcy for Large Oil Companies (April 21, 2014) -- Two distinct views on the direction of oil prices proliferate today. Both are right and both are wrong.

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