The End Of A Trend: Oil Prices And Economic Growth
It used to be that when it came to the world economy, oil prices and economic growth were more like distant cousins who disliked each other rather than a happily Continue Reading
What Oil in the $40s Means for Oil Majors
BP and Shell are trading with dividend yields above 7%, while Eni, which cut its… It all seemed to be going so well, but European oil groups have stumbled again. Continue Reading
Oil Trades Near Four-Month Low as Surplus Withstands Supply Drop
Brent oil entered bear market Tuesday, joining U.S. benchmark Oil traded near a four-month low in New York on signs the global supply surplus persists even as stockpile declines in Continue Reading
Big investors pare energy junk bond holdings after big rally
Investors in junk-rated energy bonds, who have made a mint this year betting on this battered sector, are paring their holdings as oil flirts with sub-$40-a-barrel levels on concerns about Continue Reading
Crude Oil May Rebound to $57 Next Year, Analysts Say
Both global benchmarks seen rising as supply glut eases U.S. producers would be biggest winners on price rebound Oil closed in a bear market Monday, but don’t abandon hope. Analysts Continue Reading
End of Driving Season Could Send Oil Back to February Lows
Summer driving season: it’s the season to be traveling, what with long weekends, annual leaves and short getaways from the banalities of everyday life at the office. The summer season Continue Reading
Oil Rebounds After API Data Shows 1.3M Barrel Crude Draw
U.S. crude oil inventory data for the week just released by the American Petroleum Institute ( API ) shows a 1.3 million-barrel draw in line with consensus forecasts, making this Continue Reading
AAA: Low gas prices mask regional issues
Retail gasoline prices in the United States remain at historic lows, though regional intercontinental dynamics make for a fluid situation, AAA reported. The U.S. national average retail price for a Continue Reading
Oil Holds Near Three-Month Low With Surplus in Focus
Oil prices steadied on Tuesday, after U.S. futures dropped below $40 for the first time since April, and the overhang of crude and refined products threatened to drag prices lower Continue Reading
Oil Rises From $40 After Dropping Into Bear Market on Oversupply
U.S. crude, gasoline inventory data forecast to show decline Stockpiles at highest seasonal level in at least two decades Oil rose in New York amid speculation the oversupply still weighing Continue Reading