crude oil prices

This tag is associated with 3 posts

Dow Falls Over 300 Points As Oil Prices Hit New Lows

Posted by ETFalpha ⋅ January 5, 2015 ⋅ 1 Comment

The Dow Jones Industrial Average has lost over 300 points as the US crude oil prices briefly dipped below $50 per barrel thrashing energy stocks on Monday. As of 1:21 pm ET the Dow fell by 1.82 percent losing 323 points. The Standard & Poor’s 500 Index followed close behind 1.55 percent off losing over … Continue reading →

Oil Producers To Lose $1Tn If Price Below $60 – Goldman Sachs

Posted by ETFalpha ⋅ December 16, 2014 ⋅ Leave a comment

The global oil industry will face a loss of $1 trillion as producers will be forced to cancel a number of key projects if oil prices stay below $60, says Goldman Sachs. With Brent crude losing 45 percent of its price and trading at $59.9 at 12PM MSK Tuesday, a number of once ambitious projects … Continue reading →

Oil Prices Plunge Below $60 on Weak Forecast by IEA

Posted by ETFalpha ⋅ December 12, 2014 ⋅ 1 Comment

The oil glut continues, says the latest International Energy Agency’s (IEA) report which slashes demand growth forecasts for 2015. A weak economic outlook for China, Europe, and Russia will see demand rise one percent, not enough to offset oversupply. Oil demand growth for 2015 was slashed by 230,000 barrels per day, and is set to … Continue reading →