[Daniel J. Graeber, UPI] Expectations of a build in oil and gasoline inventories and broad-based stock market concerns sent the price of oil into negative territory early Tuesday. Crude oil prices followed major stock indices lower on Monday in what wound up being one of the worst selloffs on the Dow. Markets in Asia followed […]Continue Reading →
[Bryan Sims, Reuters] Oil prices settled lower on Monday as rising U.S. output, a weaker physical market and recent dollar strength added to the pressure from a widespread decline across equities and commodities markets. Brent crude futures LCOc1 closed down 96 cents, or 1.4 percent, at $67.62 a barrel after hitting a session low of […]Continue Reading →
The global markets are burping on our hiccup correction as we knew it was coming starting with it was eventual a bull market must retreat from the gains of a major rally and a more hawkish view on Interest Rates, which is a sign the economy is on the move in a great way. It […]Continue Reading →
Market mayhem, or maybe just a correction, is shattering nerves and causing crazy volatility. We saw the biggest jump in the VIX volatility index or fear index in history. Of course, when your driven by fear and algos it’s hard to find stability. Oil is being driven down by fear and not reality as demand […]Continue Reading →
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