Cushing Oklahoma

The combined might of some of the world's largest oil producers should be afraid of a tiny town in Oklahoma called Cushing. Cushing, Oklahoma, has a population in the mere thousands but is home to one of the world's largest oil storage facility. In addition, many large transmission lines terminate...

Brent crude oil made its way above $109 on Wednesday morning as expectations rose for a drop in US oil inventories and the situation in Ukraine continued to deteriorate. The commodity traded at $109.41 at 6:15 GMT, near a two week high. With the US approaching its summer driving season,...

Brent prices traded steadily above $109 on Tuesday morning after US prices slipped below $100 per barrel for the first time in nearly three months. News that Midwestern inventories were on the rise helped push US crude lower, widening the gap with Brent to its largest in six months. After months...