Search Results for: Oil
Elliott Wave Analysis On Crude OIL And S&P500
August 12th, 2016
Crude OIL A sharp reaction with clear five waves from 41.08 yesterday on crude oil suggests that there is a lot of bullish momentum behind that move, so even more upside is likely coming. As such, we will expect ...
Oil prices rise on talk of possible exporter moves to prop up market
August 12th, 2016
Oil prices rose by around 1 percent on Friday, extending gains from the previous session on expectations that exporters could talk at an upcoming meeting about ways to prop up a market that continues to be dogged by a ...
European stocks move higher as focus shifts to Wall St; Oil firms slide
August 11th, 2016
European stocks moved higher in midday trade Thursday as investors shifted their attention to Wall Street, where stocks looked set to open up ahead of the release of another series of earnings and new jobs data. The pan-European STOXX 600 was ...
Asia mostly lower as oil retreats further; BOK keeps rates steady
August 11th, 2016
Asia markets were mostly lower on Thursday following U.S. losses, with sentiment likely driven by Wednesday’s oil price falls and anticipation of another data deluge from China on Friday. In Australia, the benchmark ASX 200 slid 35.71 points, or 0.64 percent, ...
Oil prices fall on U.S. crude inventory build, record Saudi output
August 11th, 2016
Oil prices fell early on Thursday as a build in U.S. crude inventories and record Saudi Arabian production weighed on markets. U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.34 per barrel at 8.32 p.m. ET, ...
Oil dips on oversupply; calls for producer meeting met with scepticism
August 10th, 2016
Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. U.S. West Texas Intermediate ...
Oil prices: OPEC may finally take action if crude’s slide continues
August 9th, 2016
Oil’s recent dip back into the $30s per barrel may be enough to get some OPEC members to curb their bickering and consider joint action — especially if oil plummets again. Considering a deal and agreeing to one are ...
Russia is set to replace Saudi Arabia as leading oil supplier to the Chinese market
August 8th, 2016
Russia is set to replace Saudi Arabia as leading oil supplier to the Chinese market; over the past year monthly exports to China from Russia’s Far East have regularly exceeded those from the Middle Eastern country. At the beginning ...
Shale Drillers Add Oil Rigs for Longest Streak in a Year
August 8th, 2016
Permian Basin oil rigs rise by 5, Eagle Ford adds 4 rigs U.S. oil producers bring back rigs for sixth consecutive week U.S. oil drillers added rigs for the sixth-straight week, marking the longest period of expansion in a ...
The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy
August 2nd, 2016
This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, ...
