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Friday, January 15, 2016

Who drinks the Crude Oil to deprive us, we the Indian people? Palash Biswas

Who drinks the Crude Oil to deprive us, we the Indian people?

Palash Biswas

Oil Prices crashed!Who gets the benefit in India we never know!We,the masses,the ninety nine percent have to be overburdened time and again as business friendly governance allow more and more relief for the most affluent.

Oil prices always have been linked to inflation and price rise.Oil prices justified the over taxation.

Since RSS got helms of the governance,oil prices have been crashing.In return we have lost subsidies,welfare schemes,scholarship,allowances for sc st obc women and children.

Now it is only thirty dollar and we have to celebrate because 

पेट्रोल में 32 पैसे तो डीजल मूल्य में 58 पैसे प्रति लीटर की कटौती

Energy & Oil Prices - Bloomberg

Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.

How falling oil prices exposed the great green lie - Daily Mail

▶ 2:30
19 hours ago
Even though I have been reading about plunging oil prices for the past year, it still came as a pleasant surprise ...

CO1:COM Brent Crude - Bloomberg

Get stock price, historical stock charts & news for Generic 1st 'CO' Future. ... 12:01 AM. Wall Street Feeling ...

Oil prices could spike 50% higher in 2016: Analyst
1 day ago
Oil prices were bouncing off 12-year lows in early action Thursday. U.S. crude was trading at a rare premium ...

This could be the tipping point for oil prices -

Jun 28, 2015
Iran's nuclear talks may be the catalyst to break oil prices out of a tight trading range, created by record oil ...

CL1:COM WTI Crude Oil - Bloomberg

Stock analysis for CL1:COM. Get stock price, historical stock charts & news for Generic 1st 'CL' Future.

Oil price: Is current low sustainable? -
Sep 2, 2015
Recent volatility in the price of oil has led some analysts to re-examine the history of price swings for the ...

China fear, oil prices extending 'sell the rally' view: Strategist
1 day ago
Markets are currently mired in a "sell the rally" mindset, and that sentiment will persist until investors get ...

Oil price collapsing, could set new low -
Nov 12, 2015
Oil prices are getting crushed and could retest August's lows as global oversupply shows few signs of abating ...

Putin takes on disarming tone with West as oil prices plunge

1 day ago
With oil prices reaching lows for the last decade, the ruble tumbling, and U.S. and European sanctions 

Oil Prices Fall Below $30 a Barrel

Wall Street Journal - ‎7 hours ago‎
Oil prices tumbled below $30 a barrel on Friday, with daily losses rivaling their biggest of the winter as flailing Chinese markets and the soon-coming increase of Iranian exports adds to concerns that the global glut will linger. Oil has shed about a ...

Share markets slide as oil price falls below $30

BBC News - ‎7 hours ago‎
Iran has the fourth largest proven oil reserves in the world, according to the US Energy Information Agency and any additional oil would add to the 1 million barrels a day of over supply that has led to a more than 70% collapse in oil prices since the ...

Oil Price Falls as Global Growth Anxiety Weighs on Markets

New York Times - ‎4 hours ago‎
The tumult in China, where stocks are now in bear-market territory, is helping drag down oil prices. China, an important energy consumer, is facing a slowdown that could hurt its demand for crude. Oil prices are also getting crimped by the threat of ...

Stocks Slammed, Oil Prices Plummet As Markets Keep Running Red

Forbes - ‎3 hours ago‎
Oil, meanwhile, got spooked by reports that Iran is on track to produce 1.1 million barrels of oil per day in January, a 21% increase over its December exports. As a result, the prices of brent and WTI crude — which earlier in the week hit 12-year ...

Asia markets lower as oil prices fall

BBC News - ‎11 hours ago‎
Asian shares reversed earlier gains to head lower as global economic worries and oil pricescontinued to weigh on markets and investor sentiment. Chinese shares led the region's losses with the mainland's benchmark Shanghai Composite index closing ...

Oil Prices Drive Stocks Rout: Dow Briefly Dives More Than 500 Points - ‎1 hour ago‎
A fresh plunge in oil prices after a one-day rally sent U.S. stock markets sharply lower on Friday, with the Dow Jones industrial average briefly declining more than 500 points before recovering slightly. At 1 p.m. ET, the Dow was down 456.41 points ...

Stocks Nosedive as Global Oil Prices Plunge

Fox Business - ‎2 hours ago‎
After two days of gains in the oil patch, global crude prices resumed their downward trend, falling below the psychologically-significant $30 a barrel. West Texas Intermediate crude prices dipped as low as $29.33, the lowest level since November 2003.

Dow plummets more than 500 points as oil prices sink

Fox News - ‎42 minutes ago‎
The Dow Jones Industrial Average was down more than 500 points in midday trading Friday, falling below 16,000, as oil prices sank below $30 a barrel. "Oil is the root cause of today," said Dan Farley, regional investment strategist at the Private ...

Collapsing oil price has everyone guessing

The Australian Financial Review - ‎6 hours ago‎
The crisis that has seized the global oil industry is approaching historic proportions. As prices for benchmark oil slid through $US30 a barrel this week, even the very few who had foreseen a slide into the $US20s range – last seen in April 2004 – were ...

Oil Prices Fall Below $30 On Iran Concerns

RadioFreeEurope/RadioLiberty - ‎5 hours ago‎
Russian Prime Minister Dmitry Medvedev ordered the government on January 15 to decide which spending could be significantly cut, saying, "The dramatic move in the oil prices which we see over recent weeks creates highly serious risks for budget ...

Oil Prices Plunge 5% As Traders Fear A Wave Of Iranian Oil - ‎2 hours ago‎
That means the sanctions on Iran could be lifted as soon as next week, and as such, Iran could quickly bring back some oil production and exports. Iran has promised to ramp up oil exports by 500,000 barrels per day almost immediately. Iranian officials ...

Oil Prices Rise

Wall Street Journal - ‎Jan 14, 2016‎
NEW YORK—Oil prices rose Thursday as traders closed out positions following a sharp slide so far this month, but concerns about swelling U.S. inventories and increased Iranian output capped price gains. Light, sweet crude settled up 72 cents, or 2.4%, ...

US crude oil prices fall below $30 per barrel as market braces for more ...

Financial Express - ‎9 hours ago‎
Commerzbank cut its 2016 forecast for oil prices, changing its year-end expectation for Brent to $50 per barrel, down from a previous forecast of $63. Iran's oil exports were already on target to hit a nine-month high in January, with 1.10 million ...

TSX, Dow plummet as oil prices extend relentless dive

The Globe and Mail - ‎4 hours ago‎
Canada's main stock index rose on Thursday as a rally in crude oil prices helped the battered energy sector rebound, while financial stocks saw more modest gains amid speculation the Bank of Canada will cut its key interest rate next week. The Canadian ...

Oil prices drop below $30 as Iran gets closer to crude exports

FuelFix (blog) - ‎4 hours ago‎
"They're pricing in something between 500,000 and up to 1 million barrels a day," said Andy Lipow, president of oil consultancy Lipow Oil Associates in Houston. "If Iran has complied with the nuclear court, the sanctions could be lifted this weekend.".

Wall Street slumps to new low in 2016 as oil prices tumble

The Independent - ‎3 hours ago‎
Oil prices have spiraled lower on Friday, sending stock markets down to record lows for the second time in the New Year. The Dow Jones Industrial Average shed almost 160 points Friday morning and the Nasdaq composite fell to its lowest level since ...

Bloodbath for global shares as sliding oil price and China crisis spell ...

This is Money - ‎4 hours ago‎
Shares around the world plunged into the red today as oil prices dropped below $30 a barrel and China's stock market collapsed again overnight. London's FTSE 100 Index fell by 2.4 per cent or 142 points to 5,776.2, wiping billions off British pension ...

oil's plunge is good news for most of us

Sydney Morning Herald - ‎15 hours ago‎
Most US industries are consumers of oil and other fossil fuels, not producers. The US still consumes more fossil fuel than it produces. The fall in oil prices means that trucking companies are going to be able to buy less expensive petrol for their fleets.

Oil prices ease in Asian trade, stuck near 12-year lows

Business Standard - ‎14 hours ago‎
Oil prices eased in Asia today, with the under-pressure commodity sitting around 12-year lows as dealers prepare for the return of Iranian exports on to the market while US stockpiles increase. However, there is talk that crude -- which have plunged by ...

Oil plunges below $29 on prospects of more Iranian crude, China worries

Reuters - ‎1 hour ago‎
NEW YORK World oil prices slumped more than 6 percent to below $29 a barrel on Friday, as a further fall in the Chinese stock market and the prospect of an imminent rise in Iran's crude exports deepened fears of a longer supply glut. After closing ...

Crude oil prices remain at 12-year low

Irish Times - ‎10 hours ago‎
US crude oil futures fell in Asian trade on Friday, heading lower after posting the first significant gains for 2016 in the previous session, as the prospect of additional Iranian supply looms over the market. West Texas Intermediate (WTI) was down 86 ...

Oil Prices Tumble to New 12-Year Lows

Al-Manar TV - ‎5 hours ago‎
Oil prices slumped to fresh 12-year low points Friday, as dealers prepared for increased Iranian exports to the market against a backdrop of a global supply glut. New York prices hit $29.39 a barrel, a level last seen in November 2003. Brent meanwhile ...

A welcome drop in the global price of crude oil

Financial Times - ‎1 hour ago‎
That they are dropping together, though, does not mean they are sending the same signal. The evidence suggests that the slide in the oil price, this week dipping below $30 a barrel for the first time in more than a decade, reflects a welcome increase ...

MarketsOil prices teetering around $30 (again)

Financial Times - ‎10 hours ago‎
It is still looking as though it'll be the year of the bear – rather than the monkey – for oil. Both West Texas Intermediate, the US benchmark, and Brent crude are teetering around $30 a barrel early on Friday as the painful sell-off that has hammered ...

US shares gain as oil prices bounce off 12-year lows

Business Standard - ‎Jan 14, 2016‎
The energy sector led gains in US shares on Thursday and European shares pared losses as oil prices rebounded from 12-year lows. Major US indexes rose after sinking to 3-1/2 months lows on Wednesday. Gains in stocks and oil also helped push the US ...

Bounce in oil prices lifts energy shares, US stocks

Reuters - ‎21 hours ago‎
NEW YORK The energy sector led the beaten-up U.S. stock market higher on Thursday as oil prices rebounded from 12-year lows. Major U.S. indexes climbed about 2 percent after dropping to 3-1/2 month lows on Wednesday. Gains in stocks and oil also ...

Asian markets win temporary reprieve after oil prices rebound

Daily News & Analysis - ‎16 hours ago‎
Asian stocks won a temporary reprieve on Friday after oil prices snapped their eight-day rout, helping to lift battered energy shares even as investors remained on edge as they looked for signs of stability in China's economy and its volatile markets.

$15 Oil? It's Already Here, in Canada

Wall Street Journal - ‎18 hours ago‎
Crude prices dipped below $30 a barrel this week for the first time in years. But for many producers, $30 oil already is a thing of the past. Most barrels of oil sold globally garner less than benchmarkprices because they are deemed lower quality, or ...

Oil price riddle yet to play out

Sydney Morning Herald - ‎6 hours ago‎
The ever-deepening slump in the oil price has made forecasters look foolish time and time again over the past year and it is showing few signs of coming to an end. And as the ripples from its extended slide spread, it threatens to slow global economic ...

Dow Drops More Than 500 Points on Oil, China Concerns

ABC News - ‎4 hours ago‎
Oil prices are now trading at 12-year lows. New oil supplies from Iran, which is starting to ramp up production after an easing of international sanctions, will continue to put downward pressure on global oil prices. All 30 stocks in the Dow are ...

How long can oil prices keep falling - ‎20 hours ago‎
A boom in US oil production thanks to new drilling technology helped push global supplies higher in recent years. Other major oil producers and exporters in the Middle East and elsewhere have declined to reduce their own output in an attempt to push ...

Iran in Focus as Oil Prices Slide

Wall Street Journal - ‎15 hours ago‎
Crude oil futures fell in Asia on Friday as concerns about Iranian supplies adding to a global surplus kept the market under pressure. Still, Brent crude futures held above $30 per barrel after slipping below the level the previous day. Investment ...

Nasdaq hits lowest since late August on low oil prices

Irish Times - ‎4 hours ago‎
Wall Street sank on Friday morning, with the Nasdaq hitting its lowest since August 24th and the Dow plunging nearly 400 points, as oil prices dived below $30 per barrel. The sell-off was broad, with all 10 major S&P sectors in the red and all 30 Dow ...

Oil sinks below $30 as Iran prepares to turn on the pumps - ‎8 hours ago‎
Friday's sell-off reversed a brief rally that saw prices back up to $31. But bearish sentiment returned as markets expect Iran will finally see western-imposed sanctions lifted over the weekend. The Islamic Republic has vowed to return its oil ...

Oil drops below $30 as Iran supply fears mount

CNBC - ‎6 hours ago‎
Oil prices hit fresh multi-year lows Friday amid fears of what effect Iran flooding the market with crude will have on the commodity. Iran is on track to ship 1.10 million barrels a day in January, a 20 per-cent rise on December, according to Reuters ...

European shares close at 12-month low on oil price slide - ‎Jan 14, 2016‎
Mike van Dulken, of Accendo Markets, said: "The negative opening call comes after another late sell-off and heavy stateside losses driven by continued oil price volatility, which sapped sentiment, while attacks in Jakarta have added to the fray ...

GLOBAL MARKETS-Oil prices bounce, boosting energy shares, US stocks

Reuters UK - ‎Jan 14, 2016‎
(Updates with afternoon trading). * Oil prices rise over 2 pct. * European shares hurt by auto sector. * Dollar rises against basket of currencies. * Prices for Treasuries, gold drop. By Lewis Krauskopf. NEW YORK, Jan 14 The energy sector led the ...

Oil hammered on all sides but $10 unlikely: Yergin

CNBC - ‎Jan 12, 2016‎
It's not just fundamentals; oil prices are being slammed by a severe erosion in market confidence caused by the fragile global environment, according to a top commentator on energy and geopolitics. Dan Yergin, vice chairman of consultancy IHS, told ...

Oil Prices Decline Friday as Iran Prepares to Enter Energy Market

Sputnik International - ‎8 hours ago‎
Brent crude prices plunged from $115 per barrel to $48.5 per barrel between June 2014 and January 2015, hitting the lowest levels since 2004 by January 2016. The recent decline comes as markets brace for Iranian supplies to kick off, reportedly as ...

Worries About China, Oil Prices Trigger Global Stock Plunge

Voice of America - ‎11 minutes ago‎
Worries about China's slowing growth and further drops in oil prices sparked a global stock selloff on Friday. The cost of a barrel of oil slid below $30 for both the Brent and West Texas Intermediate benchmarks. In New York, the S&P 500 fell 2.7 ...

US$10 – $20: That is how low oil prices could get

Hellenic Shipping News Worldwide - ‎8 hours ago‎
As crude oil prices slide further to 12-year lows this week, market watchers are slashing their price forecasts yet again, with some predicting US$20 a barrel becoming a distinct possibility. Analysts at the likes of Morgan Stanley, Goldman Sachs ...

The lowest oil prices since 2003, explained

LA Daily News - ‎22 hours ago‎
It's light and sweet, which makes it ideal for turning into gasoline, and is one of three main benchmarks used by oiltraders everywhere to set prices for the many varieties of oil out there. Another one is Brent crude, which is a blend of oils ...

Oil Prices Break Losing Streak as Chinese Imports Hit Record

Fortune - ‎Jan 13, 2016‎
On Tuesday, British oil major BP Plc BP -0.24% had said it would cut another 4,000 jobs as it tightened its belt once again, while Morgan Stanley had predicted crude prices could fall as low as $20 a barrel. Some analysts at banks like RBS and Société ...

Brent Oil Briefly Drops Below $30 a Barrel

Wall Street Journal - ‎Jan 13, 2016‎
Demand for refined products, especially gasoline, rose sharply in 2015 as consumers took advantage of low prices, and some investors point to robust consumption as a key reason that they expect oil prices to start rising later this year. But ...

At midday: Dow, TSX plunge more than 2% as oil continues dive

The Globe and Mail - ‎2 hours ago‎
Canada's main stock index fell more than 2 per cent in late morning trading on Friday, pressured by a sustained slide in crude oil prices that weighed on energy shares as well as banks, industrial and consumer names. The index is heading for a more ...

US shares gain as oil prices rise

Times of Malta - ‎11 hours ago‎
The energy sector led gains in US shares yesterday and European shares pared losses as oil prices rebounded following a short span of 12-year lows. Major US indexes rose after sinking to 3-1/2 months lows on Wednesday. Gains in stocks and oil also ...

Stock Slide Accelerates, Oil Plunges Below $30 a Barrel

NBC New York - ‎25 minutes ago‎
Energy and financial companies led a broad tumble for U.S. stocks in afternoon trading Friday as the slump in the price of oil deepened, pulling crude below $30 a barrel. The Dow Jones industrial average was down more than 400 points as the market ...

World stock markets hammered by new oil-price low

eNCA - ‎2 hours ago‎
World oil prices spiralled lower as traders readied for the return of Iranian crude in a market already awash with supplies. Brent oil sank to $29.30 per barrel -- last seen on February 10 2004. New York's West Texas Intermediate dived to $29.28, a low ...

Tumbling oil prices drive stocks down sharply

Press Herald - ‎26 minutes ago‎
U.S. stocks are sharply lower, led by steep declines in energy companies as the price oil takes another tumble. The price of oil sank below $30 a barrel Friday and is trading at its lowest level since 2003.

What's so significant about oil prices at $30 per barrel

Washington Post - ‎Jan 13, 2016‎
This story has been updated. The seemingly unending early 2016 plunge of oil prices continued Tuesday — with U.S. benchmark West Texas Intermediate (WTI) crude briefly dropping below $30 per barrel and Brent crude, the global benchmark, falling as ...

Lower oil prices and the fiscal pain for oil producers

Livemint - ‎Jan 13, 2016‎
The New Year has brought no respite from falling oil prices. The price of Brent crude has already fallen by 15.6% to $31.5 per barrel in 2016. This makes a nightmarish backdrop for oil producing nations, whose economies had flourished during the boom ...

Oil prices plunge, and the bottom is not yet in sight!

Economic Times - ‎Jan 11, 2016‎
Russia's main stock indexes also plummeted Monday in their first day of trading after a long holiday, as falling oil prices also cast a pall over the country's energy-dependent economy. Oil and other commodities like natural gas and steel, which make ...

Global stocks hammered as oil prices push further below $30

Citizen - ‎1 hour ago‎
While cheap crude is positive for oil consumers and many companies, stock markets have taken fright as the recent drops in oil prices have been driven to a large extent by fears about China's slowing economy, which has been the main driver of global ...

Oil prices bounce back from 12-year lows

Channel News Asia - ‎22 hours ago‎
NEW YORK: Oil prices rose from 12-year lows on Thursday (Jan 14) in action seen as a technical bounce after they collapsed below US$30 a barrel this week amid ongoing global oversupply. US benchmark West Texas Intermediate (WTI) for February rose ...

Oil prices rebound, snapping an eight-day rout - ‎Jan 14, 2016‎
Oil prices rebounded today, snapping an eight-day rout, as some players covered short positions after crude prices plumbed new 12-year lows amid concerns over Iran adding to a global glut faster than expected. Brent, the global crude benchmark, earlier ...

Bounce in oil prices lifts US energy shares

Sky News Australia - ‎19 hours ago‎
The energy sector led the beaten-up US stock market higher on Thursday as oil prices rebounded from 12-year lows. Major US indexes climbed about two per cent on Thursday after dropping to 3 1/2-month lows on Wednesday. Gains in stocks and oil also ...

Oil's plunge is wonderful news for almost everyone

Livemint - ‎14 hours ago‎
Most US industries are consumers of oil and other fossil fuels, not producers. The US is less of a net energy importer than it used to be, but it still consumes more fossil fuel than it produces. The fall inoil prices means that trucking companies are ...

Crude oil prices fall below $30/barrel on Iranian supply concerns

International Business Times, India Edition - ‎Jan 14, 2016‎
Crude oil prices traded at their lowest levels in the past 12 years amid concerns over the impending return of Iranian oil to the global market. Brent crude oil prices fell below $30 a barrel for the first time since 2004 as oversupply worries ...

Global shares slide as falling oil prices spook traders

BDlive - ‎9 hours ago‎
LONDON — World stocks were set for a third consecutive week of losses on Friday and commodity currencies took another drubbing as oil prices fell back below $30, keeping alive concern about global growth. European stocks fell more than 1%, heading ...

US Markets Open Sharply Lower After Oil Prices Plunge

WBT - ‎4 hours ago‎
(NEW YORK) -- U.S. markets opened sharply lower on Friday after oil prices fell below $30 a barrel.Oil prices have not fallen below $30 a barrel since November 2003. New oil supplies from Iran, which is starting to ramp up production after an easing ...

Stock markets slide, as oil prices fall

KTVU San Francisco - ‎1 hour ago‎
U.S. stocks are sharply lower, led by steep declines in energy companies as the price oil takes another tumble. The price of oil sank below $30 a barrel Friday and is trading at its lowest level since 2003. The sharp slump in crude from over $100 a ...

Six factors can affect oil price in 2016

Trend News Agency - ‎3 hours ago‎
There was a recovery in oil price this week, though it has remained relatively low since early January 2016 – at an average of $33 per barrel of Brent, compared to $38 in December and to $49 in the same period January 2015. Brent spot price has been ...

Oil Prices Steady but Iran Return Looms

MarketPulse (blog) - ‎Jan 14, 2016‎
"With no apparent signs of strengthening demand, and only further indicators of future global supply growth, the outlook for oil prices is leading most market watchers to ratchet down estimates for oil prices in 2016 and 2017," analysts at Cenkos ...

Weak demand as global trade slows has hit oil price, says HSBC - ‎Jan 13, 2016‎
Oil prices, already at 12-year lows, extended their decline in Asian hours, with both US WTI around USD 30.50 a barrel while Brent crude has plunged to a fresh 12-year low below USD 30 a barrel.

US oil settles up 72 cents, or 2.36%, at $31.20 a barrel

CNBC - ‎Jan 14, 2016‎
Oil prices rebounded on Thursday as some players covered short positions after crude prices plumbed new 12-year lows amid concerns over Iran adding to a global glut faster than expected. Brent, the global crude benchmark, earlier broke below $30 a ...

Crude oil prices move higher on shades of optimism - ‎Jan 14, 2016‎
Crude oil prices managed to end trading Wednesday modestly higher after as key indices flirted with dropping below $30 per barrel in midday trading. Crude oil prices have moved steadily lower since the start of the year amid concerns about the pace of ...

US Oil Prices to Hold Below $50 a Barrel This Year and 2017, EIA Says

Wall Street Journal - ‎Jan 12, 2016‎
NEW YORK—U.S. oil prices will hold below $50 a barrel on average this year and next, government forecasters said Tuesday. Oil prices have tumbled from more than $100 a barrel in mid-2014 to just above $30 a barrel Monday, as a global glut of crude and ...

Oil price rebounds after historic fall under $30 a barrel

Middle East Eye - ‎Jan 14, 2016‎
Brent crude oil rebounded Thursday, after collapsing under $30 a barrel for the first time in more than 12 years on global oversupply and Chinese demand woes. At about 12:30 GMT, European benchmark Brent North Sea crude for delivery in February gained ...

These charts show how big the oil glut has gotten

CNBC - ‎Jan 12, 2016‎
The world is awash in oil, and the glut shows no signs of letting up. In the past, slumps in the priceof crude have prompted major producers like Saudi Arabia to cut back output in order to tighten supplies, thereby boosting prices. But as American ...

Tumbling oil prices are boon for consumers, but US energy sector layoffs ...

RT - ‎Jan 12, 2016‎
The price of crude oil has dropped 17 percent since the beginning of the year, reaching a 12-year low of $30 a barrel. That's good news for US consumers, but the oil industry is ordering layoffs, and shale companies could be on the verge of bankruptcy.

Dow Tumbles 500 Points Amid a World-Wide Rout

Wall Street Journal - ‎4 hours ago‎
Stocks around the globe tumbled Friday, with the Dow industrials falling 500 points, as steep declines in oil prices and Chinese equities heightened investor anxiety. Investors fled stocks and rushed into assets perceived as safe, sending the 10-year ...

Oil Prices Stay Near $30 a Barrel on Oversupply Worries

Al-Manar TV - ‎Jan 14, 2016‎
Oil prices lingered near $30 a barrel in Asia Thursday, with analysts warning they could fall further as a rise in U.S. stocks added to fears a glut in world supplies will last until next year. Global crude benchmark Brent slipped below the ...

WTI oil settles slightly higher, snapping 7-session drop

MarketWatch - ‎Jan 13, 2016‎
Perry expects WTI oil prices to drop to the low $20s this year, even if supply and demand conditions are unchanged. On Wednesday, the U.S. Energy Information Administration reported that crude inventories climbed by 200,000 barrels for the week ended ...

Wall Street tumbles as oil prices spiral lower

KTAL - ‎4 hours ago‎
A fresh plunge in oil prices after a one-day rally sent U.S. stock markets sharply lower on Friday, with the Dow Jones industrial average shedding nearly 160 points and the Nasdaq composite falling to at its lowest level since August. The Dow Jones ...

How Low Oil Prices Are Transforming Global Politics In Startling Ways - ‎Jan 12, 2016‎
As 2015 drew to a close, many in the global energy industry were praying that the price of oil would bounce back from the abyss, restoring the petroleum-centric world of the past half-century. All evidence, however, points to a continuing depression in ...

Oil prices fall after rise in US crude inventories - ‎Jan 13, 2016‎
Oil prices fell today after a rise in weekly US crude inventories fed into bearish sentiment about the deepening global supply glut that has brought oil prices close to 12-year lows. Brent crude, the global benchmark, was down 37 cents at $30.49 a ...

Why the WTI Crude Oil Price Is Up Today

Money Morning - ‎Jan 14, 2016‎
The Brent crude oil price saw smaller gains this morning. The global benchmark – priced in London – jumped 0.6% to $30.46 a barrel. It also tumbled below $30 this week, marking its lowest intraday level since 2003. Futures for March delivery have ...

Banks Slash Oil-Price Forecasts Again

Wall Street Journal - ‎Jan 12, 2016‎
As the price of oil scrapes $30 a barrel, analysts are making deep cuts to forecasts, reflecting increased concerns over crude demand from China. After oil hit a 12-year low in the early weeks of 2016, predictions of a recovery this year have been ...

GLOBAL MARKETS-Bounce in oil prices lifts energy shares, US stocks

Reuters UK - ‎22 hours ago‎
(Updates with close of U.S. markets). * Major U.S. indexes gain over 1 pct. * Oil prices rise over 2 pct. * Auto sector weighs on European shares. * Dollar rises against basket of currencies. * Prices for Treasuries, gold drop. By Lewis Krauskopf. NEW ...

Oil prices tumble 3% to just over $30; traders bet on more falls

Economic Times - ‎Jan 11, 2016‎
Traders and analysts said ballooning oversupply and China's slowing economy were the main reasons for the oil price rout, which has pulled prices down by over 70 percent since mid-2014. They have also started to point at the dollar as a drag for crude.

Oil Prices Dive Again, Crossing Briefly Below $30 a Barrel Threshold - ‎Jan 12, 2016‎
NEW YORK - Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.

US stocks plunging again as oil prices tumble - ‎4 hours ago‎
The price of oil sank below $30 Friday a barrel and is trading at the lowest level since 2003. The sharp slump in crude from over $100 a barrel in the summer of 2014 has eviscerated energy company profits and made it much harder for them to pay off ...

Weak oil prices, Wall Street losses put Asian markets on skids

Times Colonist - ‎Jan 14, 2016‎
Asian stock markets sank across the board Thursday as pessimistic sentiment following sustained weakness in oil prices and a dive on Wall Street prevailed over data showing economies on the mend. Photograph By Andy Wong, The Associated Press.

Oil Prices Regain Strength But Still on Shaky Ground

Wall Street Journal - ‎Jan 12, 2016‎
Crude prices picked up in early Asian trade Wednesday after touching a new 12-year low below the $30 mark overnight. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $30.88 a barrel at 0228 GMT, up $0 ...

Gartman: Oil 'panic' could sink prices to $15

CNBC - ‎Jan 12, 2016‎
Fresh concerns over China's slowing economy sent oil prices into a steep decline to start off the week. Before rising Tuesday to near $32 a barrel, crude fell 6 percent Monday and had lost 14 percent in 2016. Widely followed commodities watcher Dennis ...

Oil price plunge: has football been caught over a barrel?

Inside World Football - ‎6 hours ago‎
January 15 - Oil has dipped below $30 a barrel for third day in a row and, with oversupply likely to be exacerbated as Iran enters the market, low oil prices look here to stay. This will have quite dramatic economic consequences across the globe, from ...

Global Oil Prices Weaken After EIA Data

Fox Business - ‎Jan 13, 2016‎
Brent crude, the global benchmark, settled down 63 cents at $30.22 a barrel. Before settle, the future briefly fell below $30, marking the first time that has happened since April 2004. U.S. West Texas Intermediate crude (WTI) settled up 4 cents, or ...

US market report: Dow and Nasdaq plunge amid poor economic data as oil prices ...

International Business Times UK - ‎3 hours ago‎
US stocks were firmly in negative territory early on Friday 15 January as Wall Street came to terms with a fresh decline in crude prices, which dipped below the $30 (£20.9,€27.5) a barrel, while Chinese stocks entered bear market. Shortly after the ...

Oil up after eight-day rout; worries remain Iran will add to glut

Reuters - ‎22 hours ago‎
"We feel the Saudis will pump even more and a price war between them and the Iranians will drive us well into the $20 levels. We are sellers of any and all rallies in days and weeks to come," said Zahir, an oil bear who mostly trades long-dated spreads ...

Weak oil prices weigh down Asian stocks

CTV News - ‎Jan 13, 2016‎
FRAYED NERVES: Oil prices at 12-year lows and the volatile start to 2016 in China's stock and currency markets have unleashed a torrent of negativity among investors. Some analysts say a correction in stock prices is inevitable after multi-year gains ...

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