For the archives, just the headlines and the links. I assume the links will break over time.
- From Reuters/Rigzone: oil investor Andrew Hall sees conditions ripe for a rebound in crude oil prices. Andrew Hall runs Astenbeck Commodities Fund. Disagrees with talk of oil going to $10/bbl; suggests a rebound instead.
- From Rigzone: oil companies holding on -- Deloitte says M&A deals down 53%.
- From Rigzone: oil prices rise on slightly positive data.
Wednesday
morning, oil rose in intraday trading off some relatively positive data
points from the Energy Information Agency (EIA) that included an
unexpected draw to distillate stocks and a weekly increase in refined
product demand. The Federal Reserve’s highly anticipated announcement
Wednesday afternoon that kept rates unchanged, helped weaken the dollar,
which contributed to the rise in oil prices. The front-month contract
for Brent settled up 4.1 percent at $33.10/bbl and WTI’s front-month
contract settled on the NYMEX at $32.30/bbl (up 2.7%). Oil markets were
also encouraged by further speculation that a possible Russia-OPEC
agreement to curb oil production could take place.
- From Forbes: coordinated Russian-Saudi oil output cut chatter sounds ridiculous -- but the author does not rule that out.
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