Prices had surged Tuesday, getting a boost from a weaker US dollar that makes dollar-priced oil cheaper for holders of rival currencies. But on Wednesday Oil prices plunged, despite a much bigger-than expected decline in US crude inventories, as slowdown at refineries raised concerns about the strength of demand. 134 more words
Tags » CRUDE Oil Prices
The world’s stock markets have taken a battering Thursday, succumbing to the fear that has grabbed bond markets in the last week on the realization that there was little or no room for them to go any higher. 518 more words
Economic Update 4-20-2015
- Economic results on the week were in keeping with the recent lackluster trend, with weaker-than-expected retail sales and manufacturing. Inflation came in a bit stronger, but remains flat to slightly negative on a year-over-year basis when energy price declines are considered. 931 more words
Chris Faulkner, Breitling Energy CEO, provides his take on how geopolitical risk is impacting the price of crude.