"However, crude oil bulls should proceed with caution," Yawger wrote. "The longer the rally in crude oil, and the higher the price, the more likely OPEC+ will be to add the 500,000 plus back to the market starting in October." ...
Brent crude futures fell by 7 cents, or 0.1%, to $73.21 a barrel by 0232 GMT. U.S. West Texas Intermediate crude futures were at $69.10, up 38 cents, or 0.55%, compared to Wednesday's closing price. Trading remained thin due to the Thanksgiving holiday on ...
"Shorting", or betting against an asset on expectations its price will fall in the near future, was a winning strategy last year for investors and speculators who called the peso's decline amid Petro's reform drive to fight inequality. The currency has...
the eve of the oil price crash from over $110/barrel. third, kemp observes that this was the greatest weekly increase in managed money crude oil open interest in six years. finally, kemp observed that the increase -- which he called "the big oil long" -- was in the wti crude oil co...
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Mike Blake | Reuters US banks face the prospect of tougher stress tests next year because of their exposure to oil in a sign of how the falling price of crude is transforming the outlook not just for energy companies but the financial sector. ...
(Reuters) U.S. crude oil futures pared gains in late morning trading today as U.S. stocks fell back after surging on the U.S. Federal Reserve's action on Wednesday to pump another $1 trillion into the economy.The Fed Wednesday said it will spend SI trillion buying long-term government...
and Chinese economic data had reignited doubts about the future strength of oil demand, and algo traders had started selling, leading to a price rout in crude. This was not the first time algo trading has affected prices in what appears to be an excessive way. In June, an OPEC ...
The price target is not official but it is the level that the IMF earlier this year said Saudi Arabia needs oil prices to be in order to balance its budget. This balance is based on all the high-ticket projects that Crown Prince Mohammed bin Salman is spearheading as a way...
Shell, Petrobras units probed for Brazil price-fixing Jul 31st, 2018 by John Donovan. Comments are off for this post Pedro Fonseca: JULY 31, 2018 RIO DE JANEIRO (Reuters) – Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police ...