Oil settles at lowest level in 3 weeks

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 …

Petro River Oil Provides Corporate Update

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 …

Stocks Drop as Deepening Oil Rout Hits Earnings; Treasuries Jump

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 …

Treasury Yields Tumble to Lowest Since April as Oil Resumes Drop

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 …

Only Recession Can Prevent An Oil Price Spike

Summary $30 dollar oil is pushing a lot of producers under. This environment will, in the long run, create an environment in which demand will outstrip supply. Only a reduction in demand through a recession will stop this supply-demand imbalance from occurring. By Nick Cunningham The biggest result from the collapse in oil prices could …