The price of the base oil North sea Brent crude broke through the psychologically important mark of $ 50 per barrel. New low set and Texas light crude oil WTI. At auction in new York in February of delivery of this brand are worth less than $ 48 per barrel. In recent times at this point WTI crude

Dow plunges 331 points as oil falls below $50 What's going on? Oil now trades at below $50. This is psychological threshold for the market. Stock pickers are still forecasting gains for 2015, but most say the uptick will be more modest in 2015 than the past few years of double-digit U.S. stock

The US administration has canceled more than four decades in force a ban on the export of oil. Bureau of Industry and Security (BIS), which deals with export controls, said that issued the appropriate permissions to several companies to sell oil. Earlier corresponding applications filed more than

The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau of Industry and Security, or BIS, which regulates export controls,

The dramatic plunge in oil prices might be spooking some investors, but Janet Yellen isn't worried at all. The Federal Reserve chief believes oil tumbling below $55 a barrel is like a tax cut for American consumers. "From the standpoint of the U.S. and U.S. outlook, the decline we've seen in oil