European equity markets are expected to open a little higher on Thursday, with the FTSE rebounding from Wednesday’s declines helped by a similar rebound in oil prices overnight. Brent and WTI crude tumbled on Wednesday following the release of the EIA crude inventory data which reported a larger build in oil stocks than markets expected. … #forex. #forexfriendloan. #PMIDateinFocus. http://forexfriendloan.blogspot.co.uk/
#Forex Gold ignoring greenback's jump, US Crude Levels could save Oil from downside New York City, USA - Gold ignoring greenback's jump, US Crude Levels could save #Oil from downside as bears have taken the lead again and could drive the price toward the lowest lows registered in the start of this year. The Gold has resumed the upward movement and is approaching the highest high...
Neil Hume, FT commodities editor, explains why oil has broken through $50 a barrel for the first time in 2016. He looks at rising demand in India, supply disruptions and slowing shale production, and assesses whether the higher price will hold.
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
Brent Crude is a major trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. t is sourced from the North Sea, and comprises Brent Blend, Forties Blend, Oseberg and Ekofisk crudes. Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to price 2/3 of the world's internationally traded crude oil supplies. Acronym for the formation layers of the oil field: Broom, Rannoch, Etive, Ness & Tarbert.
#Oil #prices fell on Monday as concerns of global oversupply, a firmer dollar and lacklustre U.S. nonfarm payroll data on Friday weighed on oil markets. The long Labor Day holiday in the United States may also lead to thin trading later in the session.