Goldman: Oil Prices Set For Rebound In 2019
Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year and the first catalyst could come as early as this weekend at Continue Reading
$50 Oil Puts Shale To The Test
U.S. oil production has skyrocketed this year, leaving even the most optimistic forecasts in the dust. But, the recent crash in oil prices could do what the much-hyped pipeline bottlenecks Continue Reading
Could Oil Prices Fall To $40?
Crude market volatility has soared in the second half of 2018, with prices touching a four year high before entering their longest losing streak in three decades. Analysts were calling Continue Reading
Falling oil prices put new pressure on US energy sector
Throughout the US shale oil and gas boom of the past 15 years, one of investors’ greatest concerns has been that the exploration and production companies needed continual infusions of Continue Reading
Crude oil futures retrace losses, but outlook remains bearish
Crude oil futures stabilized in mid-morning trade in Asia Monday after ICE Brent hit a 1-year low last Friday, though analysts said the near-term outlook remained bearish. At 10:30 am Continue Reading
Oil prices claw back some losses after ‘Black Friday’ plunge
Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets. Continue Reading
Seeing the bigger picture: oil price slump is part of broader Asian pullback
The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a Continue Reading
Oil tumbles below $60 as Trump heaps pressure on Saudi Arabia
Oil prices slid more than 6 ppercentto below $60 a barrel on Friday to the weakest levels in more than a year, dragging the US stock market back into correction territory, as Continue Reading
In Oil’s Huge Drop, All Signs Say Made in the U.S.A.
Oil traders pointed to a mix of factors for Friday’s selloff. Economic growth outside the U.S. has flagged, raising fears that demand for crude will also decline. In export-dependent Germany, Continue Reading
Oil plunges nearly 8 percent despite talk of output cut
Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply Continue Reading