Tags » Crude Oil Futures
© Reuters. Oil logs a gain of roughly 5% for the week
Investing.com – Oil prices settled higher for the fifth session in a row on Friday, to score a weekly gain of roughly 5% as investors cheered data suggesting that demand for oil will pick up during the second half of 2017. 500 more words
Oil prices could fall below $40 if the market doesn’t
get a clear catalyst to buy, Goldman Sachs said.
- That catalyst could be further intervention by OPEC or a steady drop in U.S.
Daily Energy Market Analysis
By Phil Flynn
Believe it or not the globe is headed for an oil shortage. I know many find that hard to believe, especially in this shale-crazed world where there is the belief that shale oil will fill all voids, even as investment in oil exploration falls to the lowest level since the 1940s. 721 more words