Brazil will hold an initial auction of its oil exploration acreage in October.
The current price of oil moved lower before the release of the economic data from China and the U.S.
Drivers in the U.S. are currently looking at cheaper prices of gasoline since 2008.
The price of oil fell to nearly $96 after U.S. crude supply report and China’s inflation data.
Venezuela’s oil minister urge partner oil firms to boost oil production but warns of contract revocation if desired levels are not achieved.
The current price of oil declines as excitement over last week’s strong employment report in the U.S. fades.
The current price of oil falls close to $94 after Japan released a weak manufacturing report and on expected U.S. crude inventory increases.
Learn about the possibilities for successful oil and gas ventures throughout the United States by learning about their respective subsurface formations.