Crude oil tumbled on Thursday even after OPEC and its allies extended their agreement to lower production by nine months.
The Organization of Petroleum Exporting Countries — a cartel of major.. Business Insider
Dec.04 -- Robin Mills, Qamar Energy chief executive officer, and Morten Frisch, Morten Frisch Consulting managing partner, discuss the outlook for OPEC oil production with Bloomberg's Yousef Gamal.. Source: Bloomberg Global Business -
Oil sweeps to a six-week high after OPEC agrees to cut crude output to clear a glut. As David Pollard reports, bond yields also rose on prospects that resulting inflationary pressures will lead to.. Source: Rumble -
Nov.30 -- Bruno Stanziale, Eurasia Group's director of commodity strategy, discusses OPEC's agreement on production cuts with Bloomberg's Oliver Renick and Scarlet Fu on "Bloomberg Markets." Source: Bloomberg Technology -
In an attempt to keep the price of oil above $50 a barrel, OPEC has extended the production cut for another nine months. The decision came at a meeting between officials of oil exporting countries in.. Deutsche Welle Also reported by •MarketWatch •FT.com
Here is what you need to know.
*The Fed talks balance sheet reduction.* Minutes from the May FOMC meeting released on Wednesday showed the Fed plans to unwind its massive balance sheet by gradually.. Business Insider
It has been a seesion of violent, volatile gaps, starting with sharp gap up in S&P futures on Wednesday night, just around 10pm, which saw ES spike and rally to new all time highs on no news...
..... Zero Hedge
Authored by Nick Cunningham via OilPrice.com,
Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate.. Zero Hedge