The crash in global oil prices has pushed Nigeria -- Africa’s biggest economy -- into economic crisis, with potentially dangerous implications for civilians vulnerable to attack by militant group Boko Haram. The price of U.S. crude oil has plummeted by 75 percent since mid-2014. Show More Summary
Oil prices will stay low, and the imbalance of supply and demand in the markets will increase even more, according to the latest Oil Market Report from the International Energy Agency, released Tuesday. The price of the world's mostShow More Summary
Stocks finished a volatile trading week under pressure from steep declines in oil, weakness overseas, and market-crushing remarks by U.S. Federal Reserve President Janet Yellen that helped send the S&P 500 down to nearly two-year lows. Yellen testified Wednesday and Thursday to Congress, making some upbeat remarks about job growth but [...]
Richard Drew/Associated Press A turbulent week for global stock, bond, currency and commodity markets culminated in a big Friday rally for U.S. stocks and oil prices. Arguably, the biggest fear among many this week was that U.S. policy makers could possibly join Japan and Europe by initiating negative interest rates. Related worries about the health […]
Brokers who pitched energy based structured products during the recent oil boom to conservative clients will be flooded with phone calls from angry clients. As the price of oil has crashed from $100 a barrel less than two years ago to...Show More Summary
It might seem that the world and stock markets from New York to Shanghai are going to hell in a handcart, with geo-political tensions aplenty in the Middle East, thousands fleeing from Syria, plunging oil prices, and a potential British exit ('Brexit') from the European Union looming. What next - [...]
Low oil prices make alternative energy-based companies like Tesla and SolarCity a harder sell. But the situation is only temporary.
Investors cheered by robust consumer spending in U.S. and signs that OPEC could act to boost crude prices
It was another nutty day in the markets with the price of oil rising by the most since February 2009 and stocks rocketing higher to finish what a hugely volatile week in the stock market. First, the scoreboard: Dow: 15,967, +307, (+2%) S&P...Show More Summary
Santos chair Peter Coats blamed for company's plight amid oil price rout.
Prices rally on speculation of production cuts among world's biggest suppliers.
Oil continued its fall Thursday afternoon, with the price of West Texas Intermediate crude oil hitting a low not seen since 2003. But then a tweet from a Wall Street Journal reporter indicated that the oil cartel OPEC may be considering...Show More Summary
Phil's article below was from yesterday morning, before today's big spike in oil prices (2-12-16). He follows up on Oil Fears Spook Investors (Again), from Monday. Why is oil currently up almost 12%? "US crude surges as much as 12% on output-cut hopes." Hopes. Show More Summary
The mini-rally in stocks at the end of January has turned back into a full-blown selloff and investors are once again wondering if the seven-year bull market has run its course. Oil prices continue to
Prices rebound strongly from previous session's 13-year low, amid production cut hopes.
After sinking to new swing lows together, stocks and Crude Oil reversed higher off positive divergences. Let’s pinpoint the price action and study the lesson from the dual divergences and reversal: The unified chart above tracks the S&P 500 (@ES Futures) with Crude Oil (@CL) on the 5-min intraday chart. Price continued a sell-swing to new lows – [...]
The slide in global oil prices has set up a dynamic that has changed the goal of foreign real estate investors who buy in the US. Edward Mermelstein, managing partner of RheemBell & Mermelstein, LLC, has represented high-net-worth international investors,...
Reuters As if we haven’t seen enough mega swings in asset prices this week, U.S. crude oil is surging more than 10% in Friday trading. West Texas Intermediate oil prices are up 11% to $29.19 a barrel in recent trading. That’s right, even with Friday’s mega rally, we’re not yet back to $30 a barrel. […]
Another day, another OPEC Production Cut rumor, and another massive swing in WTI Crude oil prices. But having run stops to these levels, we wonder what happens next? This 11.5% ramp is among the biggest single-day moves in oil's history... Driving realized volatility near record highs... But sadly, stocks are not correlating...
Seventh consecutive monthly decline comes amid global economic slump, plunging oil prices.