Olivier Jakob

The price of oil has risen over the past few weeks on optimism that a recent OPEC agreement would support a higher oil price. However, the Wall Street Journal reported on Friday that Russia's energy minister Alexander Novak put a damper on the agreement. Russia, a non-OPEC member, is a major energy...

The price of oil continued to fall on Tuesday and hit its lowest level in three months. Oil for September delivery traded as low as $42.36 a barrel, marking the lowest levels since April 20. According to the Wall Street Journal, oversupply concerns contributed towards oil's weakness throughout July...