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Russia May Shun OPEC's Production Cut Strategy, Strategist Says
Monday, November 27, 2017 - 12:06pm | 407Read More...OPEC ministers will gather on Thursday in Vienna and attempt to reach a consensus on expanding a 2016 oil supply cut beyond March of next year. The Expert Helima Croft, managing director and global head of commodity strategy with RBC Capital Markets. The Strategy Oil prices could fall to the...
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Could 9/11 Lawsuit Bill Fallout Derail Oil's OPEC Production Cut Rally?
Friday, September 30, 2016 - 2:07pm | 561Read More...WTI crude oil prices have surged more than 7 percent in the past two days following surprise news of an OPEC production cut deal. On Wednesday, OPEC agreed to cut global crude oil production from 33.4 million barrels per day to an anticipated range of 32.5–33 million barrels per day. While...
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Cramer Explains Tuesday's Rally: Trading Algorithms 'Are Still Tied To Oil'
Tuesday, June 28, 2016 - 10:47am | 256Read More...U.S. indices rallied Tuesday morning led by a triple digit point gain in the Dow Jones. Granted, stocks have been opened for trading for less than half an hour, and the Dow Jones Index is trading closer to 17,000 than the 18,000 level it flirted with last Thursday. CNBC's Jim Cramer acknowledged...
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9 Energy Sell Ideas From A Wall Street CMT
Tuesday, December 1, 2015 - 8:49am | 554Read More...MKM Partners believes that traders should sell oil stocks that have not shown signs of life in recent months. Many of these stocks have endured technical damage that MKM feels will take years or months to undue. WTI crude prices tend to bottom in mid-December, but the historical trend is far from...
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Oil Traders Take Profits As OPEC Lowers Production Projections
Monday, October 12, 2015 - 2:40pm | 392Read More...OPEC now projects negative non-OPEC global oil production growth in 2016. OPEC believes the oil market is now moving toward a more balanced state. WTI crude is trading down on Monday after a strong rally in recent weeks. On Monday, OPEC joined the International Energy Agency (IEA) in predicting...
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Crude Oil At 6-Year Lows, Oppenheimer Analyst Feels Circulated Reasons Are 'Exaggeration'
Tuesday, March 17, 2015 - 1:33pm | 328Read More...After having a decent run in the last few weeks, oil is slumping heavily again. Breaking the $44 a barrel (bbl) mark Monday, WTI Crude now trades at its six-year low. Fadel Gheit, senior energy analyst at Oppenheimer, was on CNBC Monday to share his outlook on oil and to discuss what would likely...
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Daniel Yergin: Demand For Oil Could 'Spike Up A Little Bit' In U.S.
Friday, January 16, 2015 - 3:08pm | 430Read More...WTI Crude had another major fall on Thursday, with prices dropping to $46.22 per barrel, down 4.66 percent from Wednesday’s close. Daniel Yergin, co-founder and chairman of Cambridge Energy Research Associates, was on CNBC to discuss how it’s not just the supply, but also demand...
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Why Barclays Downgraded The Oil & Gas E&P Sector
Wednesday, January 14, 2015 - 2:03pm | 385Read More...Thomas Driscoll of Barclays on Wednesday downgraded the U.S. oil and gas E&P large-cap sector to Negative from Neutral while the SMID-cap oil and gas E&P sector is being downgraded to Negative from Positive. The analyst now sees an average downside to equity price targets of...
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Wunderlich: Following OPEC Decision, 'We Enter The Brave New World'
Friday, November 28, 2014 - 9:30am | 260Read More...Following Thursday's OPEC meeting in which the oil producing nations agreed to maintain its 30 million barrel per day output level, Jason Wangler of Wunderlich Securities stated that we are now entering "the brave new world." "While one may argue this was a non-event, we would argue saying (or...
