Crude oil continues it’s schizophrenia moves during today’s trading session after reports of weakness in the post Coronavirus world. The list below is today’s top…
Tag: Crude Oil Crash
Crude oil sells below $6 per barrel in some parts of Texas
A report states, while crude oil is selling for more than $25 per barrel on the New York Mercantile Exchange, “WTL Midland, a type of…
OPEC EMERGENCY MEETING
OPEC and its allies will likely postpone the emergency meeting to April 8 or 9, sources say. A meeting of the Organization of the Petroleum…
Trump – Saudis and Russia will ease pressure on oil
President Donald Trump said Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge. The president…
Whiting Petroleum files for bankruptcy protection
Trump told reporters that he expects Saudi Arabia and Russia to end their price war in a “few days.” Denver based Whiting Petroleum said Wednesday…
Brent Crude Falls to 17-Year Low
Crude crashed to its lowest in 17-years as virus lockdowns cascade through the world’s largest economies. The market has been roiled by cratering demand and…
Brent crude was up $2.10, or 8%, at $26.98 a barrel
After getting tired of losing Market share to American oil Russia and Saudia Arabie are dumping oil at prices the market hasn’t seen the lowest…
Hess CEO John Hess said he expects rig count to be half of what it is now
The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and…
Warren Buffett talks oil price plunge, his investments that are now at a loss
Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.
US shale producers may go bankrupt as Crude tumbles
The shale oil industry’s reliance on bank loans could lead to a wave of bankruptcies if the price of oil doesn’t rebound, Shaia Hosseinzadeh of…
Oil Sector Companies with high debt could see bankruptcies soon
Eric Hess, Newfleet Asset Management portfolio manager, joins ‘Fast Money Halftime Report’ to discuss the state of the market amid the oil war. Oil Wars:…
Markets sell-off amid the coronavirus outbreak and all-out price war in oil.
Jonathan Golub of Credit Suisse and Joyce Chang of JPMorgan join “Squawk on the Street” to discuss the market sell-off amid the coronavirus outbreak and…
Stocks Plunge At Market Open, Dow Down 1800 Points
Trump says oil price plunge is ‘good for the consumer’ as he blames media, oil for stock drop. Investors continued to seek safer assets amid…