OPEC's Barkindo: oil market may have upside potential next year

VIENNA (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Tuesday that the oil market outlook for 2020 may have upside potential, appearing to downplay any need for deeper cuts to production. The Organization of the Petroleum Exporting Countries and its allies led by Russia meet in December to review output policy. The so-called OPEC+ alliance has since January implemented a […]

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Oil prices surge as attack on Saudi facility disrupts output

Iran is trying to create an economic crisis by seizing oil tankers: Gen. Jack Keane Fox News’ Ellison Barber and Gen. Jack Keane (Ret.) discuss how Iran claimed that they stole another oil tanker in the Strait of Hormuz. An attack on Saudi Arabia's largest oil processing plant pushed crude prices sharply higher Monday. Continue Reading Below Traders are focusing […]

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Hedge funds sell oil as global economy slows: Kemp

LONDON (Reuters) – (John Kemp is a Reuters market analyst. The views expressed are his own.) Hedge funds cut their bullish positions in petroleum last week for the second week running as anxiety about the slowing global economy and oil consumption trumped optimism over production restraint by OPEC and its allies. Hedge funds and other money managers reduced their net […]

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US producer prices rise slightly; cost of goods declines

Fed’s Robert Kaplan on the state of the US economy Federal Reserve Bank of Dallas President Robert Kaplan on his outlook for the U.S. economy and whether the Fed will cut interest rates in 2019. U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in […]

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Gold and silver on a song

International gold prices touched a six-year high towards the end of June. The prices of gold and silver were on a strong uptrend in June 2019. International gold prices touched a six-year high towards the end of June. After touching a high of $1,443 an ounce, comex gold price has been largely rangebound in the past few days. Gold gained […]

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Falling Oil Prices Will Boost Spirit Airlines' Bottom Line

A renewed spike in global trade tensions and evidence that economic growth is slowing have combined to send the stock market tumbling over the past month or so. Airline stocks including Spirit Airlines (NYSE: SAVE) have been caught in the downdraft. In fact, Spirit Airlines stock, which hit a recent peak near the $65 mark in late 2018, has since […]

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Why Are Oil Prices Rising and Should Investors Be Worried?

This article was originally published on ETFTrends.com. By: Alex Dryden via Iris.xyz. Brent crude oil prices have risen by 34% in 2019, and U.S. orientated WTI oil price have also rallied significantly, up 39% year-to-date. The main driving factors for higher oil prices in 2019 have been rising geopolitical concerns in places such as the Middle East and Venezuela, causing worry […]

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