-
So Much For The OPEC Deal: Oil Trading Near Multiweek Lows
Thursday, June 1, 2017 - 9:50am | 334Read More...The Organization of the Petroleum Exporting Countries extended a 2016 agreement which calls on most of its members and several non-members to collectively lower their oil output to help support oil prices. One week later, the price of oil is flirting with a multiweek low — causing some...
-
Increasing Oil Supplies Continue To Plague Industry
Thursday, February 19, 2015 - 11:50am | 174Read More...In a report issued by the American Petroleum Institute, U.S. crude oil supplies rose by 14.3 million barrels from last week. Analyst estimates was for an increase of 3.1 million barrels. The U.S. Energy Information Administration is expected to confirm the news during late Thursday morning....
-
Speculators Are Holding Record Number Of Gold Futures
Monday, October 12, 2009 - 2:52pm | 103Read More...Last week ended in the highest number of net long positions of gold futures contracts held by speculators on the Comex division of NYME. Speculators had 239,668 buying contracts which is 6.7% higher than last month. Carsten Fritsch of Commerzbank said that this could present a potential risk if...
