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CommodityOilPrice.com

Polar Vortex Puts Europe's Gas Reserves at Risk

The European Center for Medium-Range Weather Forecasts shows signs of an early disruption of the Arctic polar vortex that could send cold air into Northwest Europe as the energy-stricken continent faces a very thin supply buffer before the Northern Hemisphere winter gathers pace. We are officially in uncharted territory. The Polar Vortex is currently the weakest it’s ever been for the date and is…

CommodityOilPrice.com

Oil Crashes 9% as Trump and Vance Blame Iran War for Midterm Rout

Brent fell $8.94, or 8.6%, to $94.66 per barrel at 1:06 p.m. ET on Wednesday, after touching its lowest level since September 4, with traders pricing an end to the Iran war after the White House tied Tuesday’s midterm losses to the conflict. WTI dropped $8.01, or 8.3%, to $88.08. Brent traded near $118 on Friday. Trump told Fox News on Tuesday night that “I think it’s the gasoline price” when…

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