The bear-market mauling of crude oil prices continued on Tuesday, with oil falling another 7% on the day, which pushed the U.S. oil benchmark price, WTI, to around $53 per barrel. That sell-off in the oil market weighed on oil stocks, sending most down sharply. Among the biggest de...
OPEC announced yesterday that it and its allies have agreed tokeep production cuts in place through April. That means the higher price for oil is here to stay for a little longer and that news is pushing certain oil stocks higher. Oil companies today that are getting a boost from the ...
It relates the decision of Paris, France-based International Energy Agency (IEA) to start releasing oil from its emergency reserves. It states that British businessman Richard Branson's Virgin Group Ltd. nor Blackstone Group LP seems the right buyer for Northern Rock PLC, which the U.S. ...
Oil and Stocks: Is it War Risk? Why do higher crude oil prices depress stocks? Oil price shocks appear to cause output declines, but the magnitude and mechanism that link oil prices and output remain controversial. Financial market data may throw new light on the effec... G Bittlingmayer ...
m less convinced than I was in previous weeks that the central bank will cut rates by the end of the summer. Still, I continue to believe the Fed may very well lower rates starting in June. Moreover, I think the continued strength of the U.S. economy is likely to lift stocks...
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Over the past couple of weeks, oil stocks have sold off heavily, reversing a good chunk of their early-year gains thanks to a drop in oil prices due to worries of a recession, a brawny dollar, and an overly hawkish Fed. As Citi analyst Scott Gruber has told Barron's, oil producers ...
ETFs are just like stocks. This means you can buy and sell shares of an ETF the same way you would for any U.S. stock, such as a blue chip or small-cap company. This means these investments are highly liquid (you can quickly cash them out and buy and sell them) and can be ...
Another option for China is to use the dollars elsewhere. For example, the dollars can be used to pay Middle East countries for oil supplies. However, those countries too will need to invest the dollars they receive. Effectively, owing to the acceptance of the dollar as theinternational trade...
Tom Woods did a good job of explaining the impact of price shocks in contrast to inflationary price increases in his email newsletter. He uses rising energy prices as an example, but the same would apply to elevated shipping costs. Some sectors of the economy can see their prices rise becaus...