Oil falls 4 percent on swelling oversupply
A flame shoots out of a chimney at a petro-industrial factory in Kawasaki near Tokyo December 18, 2014. Oil prices fell 4 percent on Monday as Iraq announced record-high oil Continue Reading
Bets on WTI Oil Slumping Below $25 Rise to a Record: Chart
Bets that crude oil will retreat below $25 a barrel have reached an all-time high as stockpiles continue to grow. Open interest, or the amount of total contracts outstanding, for Continue Reading
Oil bulls may have spied turning point to price rout
With the world still awash with excess oil, analysts believe it may be premature to call an end to the rout that has driven the crude price below $30 a Continue Reading
Global Stocks Drop on Concerns About China, Oil
Stocks around the world moved lower Tuesday as another plunge in Chinese markets and volatility in oil prices renewed fears about slowing global growth. Stock futures pointed to an opening Continue Reading
Cheaper Oil May Hurt More Than Help Importers, Citigroup Says
Lower oil prices may prove to be more a curse than a blessing for commodity importers in developing nations. That is because oil-exporting countries will liquidate their investments in emerging Continue Reading
So Yes, the Oil Crash Looks a Lot Like Subprime
One year ago, analysts at Bank of America Merrill Lynch drew a parallel between the subprime mortgage crash and the disorderly fall in the price of oil. Led by Chris Continue Reading
Oil, Stocks at Tightest Correlation in 26 Years
Oil and stock markets have moved in lockstep this year, a rare coupling that highlights fears about global economic growth. As oil prices tumbled early in 2016, global equities recorded Continue Reading
Climate Deal’s First Big Hurdle: The Draw of Cheap Oil
Steady improvements in the fuel economy of new vehicles have stalled recently as consumers, buoyed by low gas prices, snap up lower-mileage trucks and sport utility vehicles. Credit Andrea Morales Continue Reading
Deals and warms words flow as Iranian president visits Europe
Italy and Iran signed billions of dollars of business deals on Monday at the start of a visit to Europe by Iranian President Hassan Rouhani aimed at rebuilding his nation’s Continue Reading
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia Continue Reading