Sunday, July 12, 2026
Oil outlook vastly different than when it plunged into negative territory a month ago- oil and gas 360

Oil outlook vastly different than when it plunged into negative territory a month ago

CNBC The fortunes of the oil market have turned around dramatically in the past month. This time last month, investors were watching the futures market in disbelief. The May contract for West Texas Intermediate oil was set to expire, and prices did the unthinkable —  they plunged 300% in one day, deep into negative territory. In the spot market all across North America, prices

Column: Hedge fund petroleum buying falters after strong rise in prices - Kemp-oil and gas 360

Column: Hedge fund petroleum buying falters after strong rise in prices – Kemp

Reuters LONDON – Hedge funds stopped buying petroleum last week, as benchmark crude prices touched $30 per barrel, and evidence emerged of a persistent oversupply of middle distillates such as diesel and especially jet fuel. Hedge funds and other money managers sold the equivalent of 19 million barrels in the six most important petroleum futures and options contracts in the

Powell says GDP could shrink more than 30%, but he doesn’t see another Depression- oil and gas 360

Powell says GDP could shrink more than 30%, but he doesn’t see another Depression

CNBC The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday. The central bank chief also conceded that jobless numbers will look a lot like they did during the 1930s, when the rate peaked out