Friday saw a historic rally for crude oil. West Texas Intermediate crude oil prices rose 12.3% on Friday to settle at $29.44 in the 14th-largest one-day rally, according to data from Strategas. The 16th-largest one-day gain had come just a few weeks ago, with an 11% spike on January 22, in what has been a …
In 1964, Alaska was struck by a 9.2-magnitude earthquake that lasted 5 ½ minutes. More than 130 people were killed. The massive quake triggered tsunamis in coastal communities, including my hometown of Valdez. More than 30 of my friends and neighbors were killed that Good Friday afternoon. I was 12 and I remember everything as …
Yes, many investors are wary of oil stocks during this low price environment. After all, West Texas Intermediate (WTI) crude oil prices are down 27% since the start of the year, and many analysts expect them to move lower. But Money Morning Global Energy Strategist Dr. Kent Moors – a 30-year veteran of the oil …
Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. Oil prices rallied early, up for the first time in five days, on talk that major producers might try to tackle a …
By Barani Krishnan NEW YORK (Reuters) – Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. Oil prices rallied early, up for the first time in five days, on talk that …
Petro River Oil Corp. Provides Corporate Update NEW YORK, NY, February 9, 2016– Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”), is pleased to provide an update on our ongoing corporate activities, as well as the development plans for our core acreage in Osage County and our interest in several projects accessible through our pending …
Summary The current supply chain of oil is very fragile with 16.4% of current global production at risk of disruption due to turmoil in major oil producing countries. What are the risks these countries are facing today, and why oil production risks are much higher today than any time in the past several years? How …
America is pumping so much oil that it’s running out of places to keep it all. The U.S. now has nearly 503 million barrels of commercial crude oil stockpiled, the Energy Information Administration said on Wednesday. It’s the highest level of supply for this time of the year in at least 80 years. The …
Share on FacebookShare on Twitter Stocks fell around the world, with the Dow Jones Industrial Average falling more than 250 points as oil’s renewed plunge toward $30 a barrel in New York rekindled concern that global growth is slowing. Treasuries rose with the yen. The Dow average tumbled as Exxon Mobil Corp. fell after reporting …
The scramble for the safety of U.S. debt is back on. The benchmark 10-year Treasuries yield slid to the lowest in almost 10 months as stocks and oil resumed declines that have dimmed investors’ outlook for global economic growth. The diminished confidence added to doubts about the Federal Reserve’s projected pace for interest-rate increases this …