Oil Prices After Brexit: Crude oil prices around the world are falling in the wake of the biggest event in British history. The post Oil Prices After Brexit: Where the Market Is Headed Now was originally published at The Wall Street Examiner. Follow the money!
Oil prices slumped by more than 6 percent on Friday after results of a landmark referendum showed Britain had voted to leave the European Union, causing huge market uncertainty and fracturing European efforts to forge greater unity. Financial markets have been racked for months by worries about what Brexit, or a British exit from the […]
Jet fuel cost, one of the major operating costs for an airline, accounts for close to 30% of the total operating costs of any airline. Jet fuels are typically made by blending and refining various crude oil petroleum distillation products. Hence, a small change in crude oil prices can have a significant impact on these […]
Venezuela is going through one of the worst economic crisis it has faced in decades. With oil prices at an all-time low, the country is largely unable to pay for and import essential food items or medicines and while the government denies...Show More Summary
Since the UK voted to leave the EU this morning, a lot has happened: the value of the British Pound has plunged, as has the price of oil; Prime Minister David Cameron has resigned; millions of Britons have essentially lost the right to live and work in 27 other European countries. Show More Summary
Russia will not revise its forecast of an average 2016 oil price of $40 after the Brexit referendum, Deputy Prime Minister Arkady Dvorkovich said Friday.
International markets have been shocked by the outcome of the United Kingdom’s referendum on EU membership, with stock exchanges around the world, the British currency and oil prices trading deep in the red zone.
As disinvestment on the supply side both in the US and overseas and a pickup in international demand are pushing oil prices higher, the upward trend is likely to persist in the medium-term, coupled with rising market volatility as crude inventories might exhaust significantly.
Brent oil price has lost five percent as Britons voted to leave the EU.
The West Texas Intermediate (WTI) oil futures dropped to $47.59 per barrel and Brent crude plummeted below $49 per barrel as UK referendum results showed that the Leave campaign was gaining the upper hand.
TOKYO (Reuters) - Oil prices fell after voting ended in a UK referendum on whether to stay in the European Union, with early returns indicating a close result and prompting big swings in the value of sterling. U.S. crude was down 35 cents at $49.76 a barrel at 0001 GMT (8:01 p.m. Show More Summary
Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote
Prices have boosted in many hot markets throughout the U.S. for the past few years, Houston included. However, declining oil prices -- affecting 4.3 percent of Houston’s employment force -- are upsetting home sellers...
Well, it finally happened. I've been watching oil prices flirt with the $50 mark for some time. On June 7, benchmark West Texas Intermediate (WTI) futures finally pierced through that key
Investors are buying stocks and selling bonds, sending banks higher; energy companies are up with the price of oil
Crude benchmarks Brent and West Texas Intermediate went up an average 0.58 percent on Thursday as polls earlier in the day showed increasing support for the Remain camp.
By Aaron Sheldrick TOKYO (Reuters) - Oil prices rose in Asian trading on Thursday, shrugging off a smaller-than-expected decline in U.S. stockpiles, as the market nervously awaited the result of Britain's "Brexit" vote. Trading has been...Show More Summary
The Wall Street Journal had a chat with T. Rowe Price's (TROW) natural-resources guru, Shawn Driscoll. He's still bearish. Drisoll runs the $3.3 billion T. Rowe Price New Era Fund (PRNEX) but also reportedly carries sway with other equities fund managers at T. Rowe. Read More »
Drop in world oil prices, the slowdown in China and other factors are affecting traffic and income at the canal