Crude oil prices soared higher this week as a combination of factors boosted prices. Having fallen by around 40% since the high levels seen in 2018, crude oil has come under increasing attention with many market players voicing their concerns over the potential for an extended collapse similar to what was seen in 2014. The latest industry data released by the energy information administration showed that US crude oil inventories fell again in the week up to Jan 4th, marking the third consecutive week of declines. The EIA report showed that crude stocks were down 1.7 million barrels over the week, though this figure ... (full story)