July 26 (Reuters) - U.S. crude stocks fell sharply last week due to strong refining activity and an increase in exports, while gasoline and distillate inventories also dropped more than expected, the Energy Information Administration said on …
In our previous commentary, we took a look at the situation in crude oil from the long- and the short-term perspectives to check whether they confirm the indications from the medium-term picture or not. As we wrote in the summary: "... light …
Oil prices have been on a roller coaster ride dropping almost five percent on Thursday and back up as much as two percent on Friday. That followed assurances from Saudi Arabia that OPEC and non-OPEC countries are close to agreeing a …
The five biggest oil companies in the U.S. argue that recent efforts to abolish $2 billion a year in industry tax breaks would take away money they need to grow domestic energy supplies and create jobs. But they rarely mention another place …
The recent recession-fear craze hammered commodities prices, crushing the stocks of the companies that produce them. Commodities stocks were wholesale abandoned by frightened traders, left bludgeoned and bleeding. But driven to …
The markets are reacting to the Organization of Petroleum Exporting Countries’ (OPEC) planned production reduction not just in oil price spikes, but stock prices, too—giving the deal the power to heal the oil and gas sector in a way that …
Kyle Anderson: The Eagle Ford shale formation in Southern Texas is the largest oil formation in the United States – and …
The Nigerian equities market recorded mixed reactions during the week, appreciating on three (3) out of the five (5) trading days. Subsequently, the NSEASI advanced by 1.61% WoW, thus pushing the YTD return to -10.13%. Volume of …
Punch9mon
Crude oil prices lost just under 20% of their value in the last month and the single biggest force acting on them have been stocks, particularly US gasoline stocks, which have proven to be very resilient. Fundamentally, there is little doubt that …
Since topping more than $100 a barrel two years ago, the price of oil has been down — and just about out, costing both big and small investors billions across the globe. But there are flickering signs that maybe the worst is over for King …