Post Tagged with: "slump"

Source: Reuters

Oil prices slump as stockpiles and rate hikes demand fears

Investing

NEW YORK – Oil prices were down about $3 a barrel on Thursday on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption …

July 21, 2022 - 12:03 pm — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Crude Oil Storage, Economy, Energy News
Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

Oil’s Post-Crash Bounce Fades as Buy-the-Dip Proves a Bust: Kemp

From Reuters

Oil prices have continued to drift lower after plunging last week, highlighting the risk for traders trying to exploit mean-reversion strategies by buying futures contracts after a sharp fall in prices.

Front-month Brent futures prices tumbled by more …

August 6, 2019 - 6:02 am — Analytics, Closing Bell Story‎, Commodity Pricing, Crude Oil News, Economy, Energy News, Finance, Politics & Opinions, Trade
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