3 Reasons Why This Week’s Oil Price Rally Is a Dead Cat Bounce
Oil prices recovered this week, but the rally is unlikely to last because of various pressures tied to supply and demand.
September 19, 2020 No Comments
Oil prices recovered this week, but the rally is unlikely to last because of various pressures tied to supply and demand.
A decline in air travel is hitting everyone from Boeing to General Electric. The lack of passengers could even hurt long-term oil demand.
Shale stocks are going parabolic, but Goldman Sachs warns oil prices are set for another plunge. You’ll regret betting big on this trend.
Oil prices are gaining momentum, but the same supply issues that pushed the commodity below $0 still exist despite easing lockdowns.
Tesla and Elon Musk desperately need the OPEC+ production cuts deal to succeed. Failing this, sales will endure a painful nosedive.
Donald Trump warned that Mexico must reimburse the U.S. for help with OPEC’s oil supply cuts. Will he make AMLO pay for the border wall?
The Dow Jones dove off its highs as excitement from the Federal Reserve’s bond-buying spree faded and Mexico held up OPEC’s oil supply cut.
Oil prices face a perfect storm of falling demand and increasing supply. One Wall Street analyst thinks prices could go below zero.
An oil price war has driven U.S. gas prices below $2 in many states, but the coronavirus may stop you from taking advantage of the savings.
Crude oil’s descent continued on Monday, as the rapid spread of coronavirus put producers on high alert for a sharp decline in demand.
Oil prices were flying high when the year began. OPEC and its allies decided to reduce their output to the tune of 1.2 million barrels
By CCN.com: The Dow and broader U.S. stock market extended their slide on Thursday, as plunging oil prices and a defiant Federal Reserve weighed on
By CCN.com: The Dow and broader U.S. stock market drifted lower Wednesday, pressured by a sharp decline in energy shares after government data showed a
The U.S. stock market clung to gains Wednesday, as rebounding oil prices propelled the energy sector-heavy Dow higher following Saudi Arabia’s latest pledge to scale
The prices of gas surged Wednesday, with the RBOB gasoline rising by more than 5% to reach 1.3752 USD per gallon after opening the day’s
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