oil price

Oil prices fell to seven-month lows on Tuesday, with Brent Crude falling to $45.62 a barrel. Several oil ETFs were trading 3–7 percent lower in Tuesday’s pre-market session on the news, including United States Oil Fund LP (ETF) (NYSE: USO), which fell to its lowest since February 16,...

Bearish sentiment has taken hold of crude oil prices as various analysts and agencies have slashed their forecast for this year and next. On Wednesday, oil fell a little over 5 percent to a one-month low of $45.72, taking the year-to-date loss to 15 percent. However, there has been a recovery on...

Exxon Mobil Corporation (NYSE: XOM) shares have outperformed the sector since July 2015, driven by the successful execution of large projects, the company’s defensive characteristics since the decline in oil prices and dividend growth. Goldman Sachs’ Neil Mehta downgraded the rating on...

According to CNBC's Bob Pisani, there is a lot of "skepticism" surrounding OPEC's agreement. Pisani noted that many energy names that moved higher on Wednesday, such as Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) are trading in the red on Thursday....

T. Rowe Price fund manager Shawn Driscoll is not convinced that the 100 percent rally in crude oil prices off of February’s lows will last. In fact, Driscoll is making a $5.2 billion bet that it won’t. Driscoll believes that the 2004 collapse in oil prices was only the beginning of a 10...