Post Tagged with: "inventory build"

Source: CNBC

Goldman Sachs says an oil price correction as deep as 20% ‘may already be underway’

CNBC

Goldman Sachs sees a correction in oil prices on the horizon even amid a significant recovery in the last month and the recent decision by OPEC and its allies to extend historically large production cuts through July.

“With oil …

June 9, 2020 - 1:00 pm — Capital Markets, Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Brent Oil Sinks Under $60 as U.S. Storage Jumps Most in 30 Years

Brent Oil Sinks Under $60 as U.S. Storage Jumps Most in 30 Years

From Bloomberg

Total petroleum stockpiles rise by 22 million barrels: EIA, Global benchmark falls as low as $59.45 amid market ‘meltdown’

Brent crude futures tumbled below $60 a barrel after a report showed U.S. crude and fuel inventories ballooning by …

June 5, 2019 - 6:45 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
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