MARKET WATCH: NYMEX oil prices drop more than $1/bbl on stronger US dollar http://betiforexcom.livejournal.com/26265072.html Light, sweet oil prices and Brent crude oil prices dropped by more than $1/bbl on June 7, which analysts attributed to lingering ample world oil supplies despite production-cut targets by major producers.The post MARKET WATCH: NYMEX oil prices drop more than $1/bbl on stronger US dollar appeared first on aroundworld24.com…
Oil prices fell Monday after weaker-than-expected manufacturing data from China intensified concerns about the global economy. Benchmark oil for October delivery was down 16 cents at $96.31 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.85 to finish at $96.47 per barrel Friday in New York.
Small Oil Drillers Feel Brunt of Crude’s Decline
#Oil #price plunge has hammered #energy-company #shares especially #crudeoil & #naturalgas producers with heavy #debt loads - #oilandgas #oilprices #stocks #selloff #oildrillers #bondsales #oilpricecrash #oilgoingdown #oilnearing60 #NYME #NewYorkMercantileExchange #Nymex #GoodrichPetroleum #HalconResources #EnergyXXI (WSJ)
#Oil rises; US job gains offset by supply concerns NEW YORK (AP) - The #price of #oil rose as a report showed a big gain in new jobs in the U.S. But gains were tempered by ongoing concerns about record oil supplies. Benchmark U.S. crude oil for June delivery gained 34 cents to $99.76 a barrel on the #New #York Mercantile Exchange. #Business #news from #Pakistan's Best #News #Network #Dunya #TV
MARKET WATCH: NYMEX crude prices head toward longest weekly losing streak since 2015 http://betiforexcom.livejournal.com/25112916.html US light, sweet crude oil prices on the New York Mercantile Exchange appear to be headed for their fourth consecutive weekly decline despite some modest increases on June 16. It would mark the longest weekly losing streak in about 2 years.The post MARKET WATCH: NYMEX crude prices head toward longest weekly losing streak since 2015 appeared first on…
GOLD GAINS AS DOLLAR DIVES TO 8-MONTH LOWS BUZ INVESTORS GOLD GAINS Gold prices bounced off session lows, buoyed a slump in the dollar as U.S. political uncertainty resurfaced, after the Senate’s decision to delay a vote on a healthcare bill raised fresh doubts about President Trump’s ability to deliver on his pro-growth economic …
Concerns raising in OPEC due to the recent changes in oil prices. Company officials are talking about other producers. OPEC recently published an article Monday stating, Today s continuing pressure on prices, brought about by higher crude production, coupled with market speculation, remains a cause for concern for OPEC and its members- indeed for all stakeholders [ ] The post OPEC maybe looking for new producers, due to oil price dropping appeare
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FOLLOW THE BOUNCING OIL PRICE: ""One day they're up; the next they're down. No one can predict where oil prices are going, but millions of people are willing to make a bet on them every day. Ben Lopez, a trader with SCS Commodities, uses multiple phones while working in the oil futures pit of the New York Mercantile Exchange, located in Lower Manhattan." ~ Prepare to be Wrong: September 2008; (Photo: Ruth Fremson/The New York Times)
The House of Saud now finds itself in times of extreme trouble. Their risky oil price war may eventually backfire. The succession of King Abdullah may turn into a bloodbath. And the American protector may be musing a change of heart.