90 North American Oil Companies Went Bust In Just 20 Months oilNinety North America oil and natural gas companies have gone under since January 2015. The law firm Haynes and Boone reported earlier this month bankruptcies were driven by historically oil and natural gas prices. The average price of a barrel of oil in July of 2016 was $41.60, less than half the price oil barrels were selling for in the summer of 2014. Oil companies have discharged approximately $66.5 billion in aggregate d
MCX DAILY COMMODITY NEWS & LEVELS REPORT -30 November 2016 :->HIGHLITES: NYMEX crude quoted sharply weaker in Asia as API estimates, OPEC weigh. Gold heads into Asian day quoted weaker with OPEC curb effort in focus. Chile Copper Production Slides 11.1% Year-on-Year in October. Japan Copper Exports Rise 41.2% in October
Ongoing disagreements over the future of the eurozone continued to weigh heavy on the price of crude oil http://www.cityindex.co.uk/range-of-markets/commodities-spread-betting.aspx in NY on May 24th. As of 10:38 BST, light sweet crude oil for July delivery was trading at a price of $90.36 a barrel on the New York Mercantile Exchange. Earlier in the day, oil prices on the commodities exchange had fallen to a low of $89.81 a barrel.