Where exactly is crude oil prices headed from here?
The price of crude has had a volatile period since the beginning of 2016. After touching a low of around $30/bbl in early 2016, crude bounced back sharply to almost the $45 level. 462 more words
The energy sector is the stock market’s dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices. 589 more words
Crude oil prices are being pumped by OPEC’s production cuts, but they are at risk of being knocked down by a gusher of new U.S. shale drilling. 893 more words
Let’s look at the Consumer Price Index that was released Wednesday by the Labor Department.
The report said inflation had its biggest monthly jump in almost four years for pricing. 287 more words
The Petroleum Services Association of Canada says it’s raising its forecast for drilling activity for 2017 in view of rising optimism in the oil and gas industry. 143 more words