Cart

0

Economy

“Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices”

“The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading… Continue Reading…

Stocks

“Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook”

“Crude in London tumbled below $40 a barrel for the first time since late June in the wake of faltering demand and weaker equities dampening market sentiment. Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday.… Continue Reading…

Economy

Oil: “…crude’s spectacular plunge below $0 a barrel”

“The formerly unthinkable drop in oil prices below $0 a barrel on Monday is still reverberating through financial markets, as supply overwhelms demand destroyed by the coronavirus pandemic, forcing some energy companies into possible bankruptcy as storage reaches maximum capacity.… Continue Reading…

Economy, Stocks

“An oil futures contract expiring Tuesday went negative… demand collapse “

“A futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history on Monday, showing just how much demand has collapsed due to the coronavirus pandemic… West Texas Intermediate crude for May delivery fell more… Continue Reading…

Economy

“Crude Awakening: Prices Surge At The Pump”

“Since early February, gasoline demand has been steadily increasing while stocks have been gradually decreasing causing more expensive pump prices across the country,” said Jeanette Casselano, AAA spokesperson. “The good news is most motorists are not paying more than they… Continue Reading…