The Countries Hit Hardest By The Oil Price War
The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past week, but the market downturn will blow a hole in Continue Reading
After a Long Fall in Oil Prices, a Crash
For Rebecca Babin, the oil crash arrived slowly, then all at once. The senior energy trader at CIBC Private Wealth Management watched crude prices fall 10% March 6 after Saudi Continue Reading
Oil crash only a foretaste of what awaits energy industry
The oil-price crash of March 2020 will probably not last long. As in 2014, when the oil price dropped below $50 from $110 in a few weeks, this one will Continue Reading
Oil Down 23 Percent for the Week
Oil posted the biggest weekly plunge since 2008, capping its most dramatic week in recent memory as major producers prepare to drench the market with supply just as the coronavirus Continue Reading
Stocks roar back on hopes for government’s virus plan
Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest Continue Reading
Crude posts worst week in a decade, hit by coronavirus and price war eruption
Oil prices on Friday posted their worst week since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to Continue Reading
Oil futures: Crude surges aftermarket as Trump announces US to fill SPR
Oil futures surged in aftermarket trading after US President Donald Trump said the US would purchase crude to fill its Strategic Petroleum Reserve. Front-month Brent and WTI, which had settled Continue Reading
Analysts See Oil Prices Staying In The $30s For Months
Oil prices will likely remain at current depressed levels for months amid a price war and the fight for market share while the coronavirus outbreak batters oil demand, a Reuters Continue Reading
Oil rises over 3% but set for biggest weekly thumping since 2008
Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday, as investors fretted over evaporating demand from the coronavirus pandemic Continue Reading
Crude remains lower on bearish drivers
Crude oil futures fell in midmorning trade in Asia Friday as bearish demand and supply indicators continued to underpin market outlook. At 10:30 am Singapore time (0230 GMT), ICE Brent Continue Reading