The world oil situation is in a barrel of trouble these days. Confrontation is expected at the meeting of OPEC ministers scheduled for late June. Iran, Libya and Algeria will demand higher oil prices, while Saudi Arabia and its allies seek …
SEOUL, South Korea — Asian stock markets were mostly firm on Thursday and oil prices were steady, despite a second straight day of losses on Wall Street overnight. But analysts said it was too early to say risk sentiment was back after …
NEW YORK (Reuters) - Oil prices surged about 4 percent on Thursday after U.S. inventory data showed a surprisingly large drawdown in crude stocks as imports into the U.S. Gulf Coast slid last week due to Tropical Storm Hermine. U.S. …
We really don’t know as much about the oil market as we think we do. There are many numbers out there, but most of these involve a lot of guesswork. For example, we really don’t know just how much oil the world will need. The US …
The shocks to oil prices created by the Arab oil embargo in 1973 and the revolution in Iran in 1979 had far reaching consequences that still affect investor thinking today. Analyzing the aftermath of the ensuing energy crisis and …
Oil Stocks are likely to outperform Gold Stocks over the next 6-months which should provide further support to the stock market. A question I get asked a lot is where should I be investing my money? “I’m a believer in the Commodity Super …
BEIJING| — China is forging ahead with an overseas spending splurge, snapping up resources especially oil at bargain prices and strengthening its long-term prospects for growth before Western economies can bounce back. A series of …
Wall Street shares eased back from earlier losses on a day of turmoil on global markets when the plunging oil price again panicked investors. The Dow Jones and S&P 500 indexes closed 1.56% and 1.2% down, after tumbling more than 3% …
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Norway’s central bank recommended today that the nation’s giant sovereign wealth fund should dump its holdings of oil and gas stocks, which make up about 6% of the fund’s benchmark equity index, worth a whopping $37 billion in assets. …
US equities built up some bullish momentum towards the end of the week, ignoring the technical damage that the volatility-crash caused, and the major US indices …