Tags » Brent Crude

Oil in New Bear Territory

What a change in oil prices, heading lower (again) for another day.  We see Brent crude at it’s lowest in 4 months and down 20% from it’s high this year.   211 more words

Marvellous Markets

July 17, 2015

Stocks opened mixed this morning (Dow -70 pts; SPX flat; Nasdaq +.66%). The tech sector is alone in green (+1.4%) on a strong earnings report from Google. 403 more words

July 15, 2015

Stocks opened modestly higher again this morning (Dow +30 pts; SPX +.2%). Financials and healthcare are leading the way in early trading. Over the last couple of trading sessions, the SPX has recovered from a 4% pullback and is now up 3.7% on the year (total return basis). 416 more words

Will Iran deal nuke crude?

The nuclear deal with Iran is likely to increase supply of crude oil, especially in European markets, driving down prices.

Brent crude August 2015 contract (CBQ15 above) is testing support at $56 per barrel. 39 more words

Brent Crude

Oil Prices Fell as Iran Comes Closer to Nuclear Deal

Oil prices suddenly dropped on Monday as Iran and six world powers appeared closer to a nuclear deal, with its deadline set on Tuesday.

With Iran’s crude stockpiles filled with as much as 40 million barrels currently sitting in its storages, it could easily outpour the market with oil if it reaches a deal with its nuclear program. 203 more words

Mxtrade

Oil Prices Climbed as Gasoline Demand Increases

The price of oil has climbed on Thursday, rising by more than $1, and is now at $58 due to Germany’s high economic data and the increased demand for gasoline supported the lift in prices. 295 more words

Mxtrade

8 July 2015 (AFR) - Oil price slump crystallises fears of fresh bout of weakness

(8 July 2015, The age, BusinessDay, p21, Angela Macdonald-Smith)

‘The oil industry’s fears of a fresh bout of weakness in global crude oil prices are crystallising, as Brent crude oil plunged to less than $US60 ($80.20) a barrel for the first time since mid-April, with prospects for a recovery in the near term looking uncertain.’ 6 more words

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