(source) Drones and data could significantly help oil fields in the US with the lower oil prices these days. In the interim, there is a new market hunting for for pilots...flying drones. Drones are becoming a problem for those seeking quiet on their vacations. Show More Summary
By Keith Wallis SINGAPORE (Reuters) - Oil prices fell more than 3 percent in early Asian trade on Tuesday, with investors taking profits after Brent and U.S. crude soared over 8 percent in the previous session. The surge was fueled by...Show More Summary
Libya has announced a $3.3 billion budget deficit for the first seven months of the year, highlighting the severe effect of the sustained decline in global oil prices on those countries that rely most on the industry for its revenue sources.
The oil market has just finished its impression of a bungee jumper, dropping $7 in 2 weeks days, and now rebounding $10 in a few days. Aside from the fact that this is August (or was, until end of trading today), this behavior should remind us why amateurs find the [...]
Oil prices soared as the US lowered output estimates, while markets on both sides of the Atlantic limped towards the end of a volatile month.
Associated Press Turn on the afterburner: Oil’s nearly vertical three-day ascent is the biggest since 1990. This snap back in crude-oil prices has been downright vertical. A three-day rally was good for a whopping 27.5% (as measured by front-month oil futures) – that’s the biggest rise over any three-day stretch Aug. 6, 1990. Many readers […]
The stock market is closing out its worst month in more than three years on a down note. Stocks fell broadly in today's trading, with the exception of energy shares, which reversed an early slump after the price of crude oil surged. The Standard & Poor's 500 index ended August...
There is a sense in the wider market that price correction of a whole host of commodities from copper to crude oil will not turn into an uptick anytime soon. Neither were the price declines in sync, nor is the uptick going to be. Take coal for instance; trouble in the [...]
Crude prices extend stunning rally to three days, sees best run since 1990.
Declining oil prices are usually welcome news for consumers, but the news that they may contribute to declining house prices will not be good news to homeowners in some states, according to Fannie Mae’s latest edition of Housing Insights...
The tendency to believe that the prices of oil futures contracts are predicting the future price of oil is understandable but not supported by the track record of such bets. The prices of long-dated oil futures merely reflect where buyers and sellers are willing to strike a deal today, for their own, diverse reasons. Show More Summary
Submitted by Nick Cunningham via OilPrice.com, Oil prices crashed last week only to rebound at lightning speed. On August 28, oil prices surged 10 percent, the largest one-day gain in seven years. So, what happens next for oil prices?...Show More Summary
By Robert Gibbons NEW YORK (Reuters) - Oil prices surged more than 5 percent Monday, continuing a three-day rally that has erased August's price declines, after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices. Show More Summary
Via GEFIRA.org, Commentators are linking the current market turmoil to problems in China. Our team sees the oil price as the main driver behind the market route. Low oil prices are positive for consumers and it will lower production costs for numerous industries. Show More Summary
Getty Images An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. Oil prices are surging for the third consecutive day, taking crude back toward $50 a barrel. West Texas Intermediate crude is jumping 5.2% to $47.50 in recent trading, near the […]
Oil companies are unlikely to invest in Arctic drilling in the short-term as energy prices remain low, but will not turn away from the region in the long-term, former US Assistant Secretary of Energy Chuck McConnell told Sputnik on Monday.
The equity market momo-igniters tried USDJPY - and failed. Then they tried XIV - and failed. So what next? WTI crude of course which has just exploded back to Friday's highs, with Brent Crude also breaking back above $50. It appearsShow More Summary
Crude oil is going parabolic. In just a few minutes on Monday morning, the price of oil went from down 3% on the day to up 3%, with West Texas Intermediate crude rising above $46.50 a barrel for the first time in a month. This rally follows a 2-day surge to end last week that saw WTI prices rise nearly 20%. Show More Summary
Beleaguered oil and gas player hopes to secure healthy price for its stake in WA oilfield.
There have been several theories floating around for why the Federal Reserve won’t raise rates in September: oil at $40 a barrel means there’s no inflation; the volatility in global markets; falling commodity prices suggest a global slowdown is a risk that might become more likely if China’s growth falters. I find none of these...Read More