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A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major disaster. The Andromeda Star, an 820-foot vessel capable of transporting about 730,000 barrels of oil, was involved in a collision ...
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WTI crude oil price on Friday pulled back off the current week’s highs of about $84.46 to trade at about $84.00. The oil price appears to be trading within an ascending channel formation in the 60-minute chart. The light crude oil price continues to oscillate a few levels above the 100-hour moving average line. Friday’s pullback prevented the oil price from ...