oil-prices-in-danger-of-crashing-next-year-thanks-to-weak-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 per day for the first six months of 2019. Consequently, the international benchmark Brent crude oil touched nearly $75 per barrel by the third week of April. Brent crude oil…

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dow-crumbles-as-stock-market-braces-for-consumer-chaos

The Dow crumbled on Monday as ballooning oil prices caused stock market investors to brace for a consumer confidence reckoning. | Source: AP Photo / Richard Drew The Dow Jones was rocked on Monday by a devastating surge in the price of crude oil after the attacks on Aramco’s key refinery. The strike not only…

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resilient-dow-clings-to-27,000-despite-trump’s-‘locked-&-loaded’-threat

The Dow took losses on Monday, but the stock market bellwether demonstrated its resilience in the face of Trump’s “locked and loaded” threat. | Source: Nicholas Kamm/Ho/AFP The Dow might not extend its eight-session winning streak into the new week, but the stock market bellwether is proving its resilience following a historic disruption to the…

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3-oil-stocks-strike-as-biggest-pre-market-gainers-as-trump-drills-pipeline-approvals

Upstream oil stocks are pumping hard.| Source: Snapinadil/Shutterstock The warning by President Donald Trump that the U.S. is “locked and loaded” ready to attack Iran over suspicion that it was behind the drone attacks on refineries in Saudi Arabia not only sent crude oil prices surging but also saw upstream stocks climbing. In a tweet,…

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dow-futures-collapse-on-threat-of-more-devastating-oil-attacks

A satellite image shows an the apparent drone strike on an Aramco oil facility in Saudi Arabia, with the threat of further strikes flaring up. | Source: Reuters Dow Jones Industrial Average (DJIA) futures collapsed in early trading Monday after drone strikes in Saudi Arabia devastated the oil market. Two attacks on Saudi oil sites…

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