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.
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…
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
Oil prices are hovering around $45 per barrel -- and even the world's biggest oil and gas companies are in deep trouble. Profits are shrinking, and so are the budgets. Many oil and gas companies are already cutting their IT spends -- and now, even more than expected. Now, the focus is shifting away from ROI to ROE. Being optimistic is great, but what if our assumptions are wrong? Read this white paper on the dire situation in the oil and gas industry.
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…
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.