Prices

This tag is associated with 4 posts

Outflow From The Largest US Oil ETF Reached $1 Billion In April-May

Posted by ETFalpha ⋅ May 31, 2015 ⋅ Leave a comment

The biggest U.S. exchange-traded fund (ETF) that tracks oil, the United States Oil Fund, known as USO, is heading for the largest two-month outflow in six years. Investors are worried that it could be the end of crude’s 30 percent rally. Shareholders of the USO have withdrawn almost $1 billion so far since the beginning of April, … Continue reading →

Oil Can Recover To $200 If Supply Dries Up – OPEC Head

Posted by ETFalpha ⋅ January 26, 2015 ⋅ 1 Comment

World oil prices have reached the bottom and will soon bounce back, said OPEC Secretary General Abdullah el-Badri, adding that they can go as high as $200 a barrel if lower investment erodes supply. “Now the prices are around $45-$55 and I think maybe they reached the bottom and will see some rebound very soon,” … Continue reading →

Russian Politicians And Bankers Think Oil Will Reach $60-$80 In 2015

Posted by ETFalpha ⋅ January 14, 2015 ⋅ Leave a comment

An average oil price in 2015 will probably be in the range of $60 to $80 a barrel, say leading Russian politicians and bankers talking at the Gaidar Economic Forum in Moscow. The Head of Sberbank German Gref suggests oil will return to the level of $60-70 a barrel in the near future. “I do … Continue reading →

Oil Plummet: Crude Dives Below $45 For First Time Since 2009

Posted by ETFalpha ⋅ January 13, 2015 ⋅ 1 Comment

Brent crude and WTI have continued their headlong plunge in early trading Tuesday, hitting record six-year lows. Brent crude futures fell 2.64 percent to $46.12 in trading on London’s ICE exchange, while WTI dropped by 2.41 percent, plunging below $45 to $44.96 (10:00 MSK). Brent and WTI prices are now at their lowest levels since … Continue reading →