Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Articles Tagged "crude oil price"
A bailout deal for the island nation — which included a surprise tax on bank deposits — distracted investors from recent strength in the US economy.
Rising consumer spending, a pick up in hiring and surging stock markets boosted confidence in the world’s biggest economy this week, while the tiny nation of Qatar made a huge gas find.
Oil – Bloomberg reported that the United States Energy Information Administration lowered its crude oil price projections for this year. West Texas Intermediate will average $91.92/barrel, which is 1% lower than its February estimate.
Oil – At PDAC 2013, Keith Schaefer, editor and publisher of Oil & Gas Investments Bulletin, spoke with INN Editor Vivien Diniz about why junior oil and gas explorers are being pushed into frontier regions, why condensate is important and why oil prices are going to drop this year.
Investor optimism continued to rise this week, pushing the Dow to a record high — but is it too much, too fast?
The US central bank sent commodities into a tailspin with talk of easing monetary stimulus, while ExxonMobil received approval for a key acquisition.