Brent crude oil futures tanked as much as 31% to $31 a barrel on Sunday evening as Saudi Arabia ratcheted up pressure on Russia by…
Tag: Crude Oil Crash
Bankruptcies & Mass Layoffs Coming to American Shale Companies?
Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on…
Crude oil prices could plunge lower
Saudi Arabia has restored half of the crude product that was lost to devastating attacks on its oil industry, and the kingdom said output will…
Crude Oil slipping half a percent to the weakest closing price since Feb
U.S. West Texas Intermediate crude futures settled 25 cents lower at $53.25 per barrel, slipping half a percent to the weakest closing price since Feb….
Oil Glut you say? Here Comes Some More!
U.S. crude stockpiles were forecast to have risen last week for a fourth straight week, ahead of data from the American Petroleum Institute (API). Also…
The last time this happened, oil surged 80 percent
The last time it saw these lows, it had a massive rally, says Matt Maley, equity strategist at Miller Tabak. “It got down to the…
Crude Oil market volatility seen continuing into the New Year
The oil market is under the thrall of macroeconomic factors that are weighing on the stock market and raising questions about crude demand in 2019.
Crude gets caught up in financial market weakness
Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.