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 oil price recovery that analysts and investors were expecting early this year have failed to materialize, battering the energy sector stocks in 2017. Shares of energy companies are set to book their steepest monthly drop in August since …
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 …
The price of oil dropped below $101 a barrel Tuesday on expectations U.S. crude stocks rose last week. By early afternoon in Europe, benchmark U.S. crude for April delivery was down 3 cents to $101.09 a barrel in electronic trading …