Global Benchmark Brent Is 17% Lower for the Year The global oil benchmark settled below $50 a barrel for the first time in nearly six years Monday after Goldman ... Read More
Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were hit by fires over the weekend, ... Read More
If there ever was doubt about the strategy of the Organization of Petroleum Exporting Countries, its wealthiest members are putting that issue to rest. Representatives of Saudi Arabia, the ... Read More
One trader who has already made big money on the decline in oil services stocks is doubling down and betting big on further downside for the sector. On an ... Read More
U.S. Inventory Data Confirm the Market Is Still Oversupplied Prices at the gas pump are heading even lower. Gasoline futures fell to nearly a six-year low on Wednesday after ... Read More
Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that ... Read More
Oil prices dropped to fresh 5-1/2-year lows on Monday on worries about a surplus of global supplies and lackluster demand. Russia’s oil output hit a post-Soviet high last year, ... Read More
Naturally nobody knows, but the chart below makes a very compelling case for continued downside in this key commodity. This technical case for oil to go lower from current ... Read More
New York-traded crude-oil futures managed to recoup some losses in electronic trade early Friday, though rival Brent North Sea crude saw only a modest gain. Benchmark West Texas Intermediate ... Read More
Opec’s refusal to cut production sent the price of oil down below $60 a barrel Performance in 2014: -45.1% What happened? After hitting a peak of around $115.71 on ... Read More
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