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Brent "Does Not Believe" OPEC+
Monday, December 4, 2023 - 12:08pm | 368Read More...By RoboForex Analytical Department Brent oil prices fell to 78.30 USD per barrel on Monday. Despite OPEC+ decisions at the November meeting, oil prices are falling. The issue is that the actual parameters of OPEC+ quotas turned out to be lower than investors expected. This does not cancel out the...
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Oil Drops More Than 26%, Aramco Drops To The Lowest Price As Saudi Arabia, Russia Engage In Price War
Monday, March 9, 2020 - 12:15am | 309Read More...Crude oil futures on Sunday dropped by the most percentage points since the gulf war of 1991, as Saudi Arabia and Russia engaged in a price war. What Happened Saudi Arabia announced that it is cutting the price for April crude oil to all destinations by $6 to $8, as reported by Reuters, causing the...
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Exxon Mobil Is The Wrong Play For An Oil Rally, Raymond James Says In Downgrade
Tuesday, November 20, 2018 - 11:40am | 467Read More...If Brent oil prices move to $90 a barrel in 2019, "just about everyone" will benefit — except for Exxon Mobil Corporation (NYSE: XOM), which is the "least appealing" play, according to Raymond James. The Analyst Analyst Pavel Molchanov downgraded Exxon Mobil from...
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Fund Manager Franklin Templeton Bets On Higher Oil Prices
Wednesday, June 22, 2016 - 11:06am | 327Read More...Franklin Templeton Investments, which has $740 billion in assets under management, has been making some big bets that the oil rally is far from over. WTI prices, which dipped near $26/bbl in February, have recovered to around $50/bbl in recent weeks. However, Franklin Templeton believes that prices...
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No Ides Of March For Commodities ETFs
Saturday, April 2, 2016 - 1:21pm | 497Read More...More than a few asset classes turned in impressive performances in March. Particularly boffo were commodities and some of the corresponding exchange-traded products. While the likes of the SPDR Gold Trust (ETF) (NYSE: GLD) and the United States Oil Fund LP (ETF) (NYSE: USO) often garner the bulk of...
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HSBC: Oil Field Service Planning For A 'Lower For Longer' Scenario, Upgrades Halliburton To Buy
Thursday, September 3, 2015 - 10:36am | 538Read More...Phillip Lindsay, HSBC Global Research's Oil Field Service analyst, commented in a note on Thursday that the industry outlook has "worsened" since March with additional E&P capital expenditure cutbacks and further oil price "turbulence." Lindsay continued that North...
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Freeport-McMoRan Bull Vs. Bear Battle: Upgraded At Citi, Downgraded At Bank Of America
Monday, April 13, 2015 - 11:25am | 398Read More...Shares of Freeport-McMoRan Inc (NYSE: FCX) were trading higher Monday morning following mixed news as shares were upgraded at Citigroup and downgraded from analyst at Bank of America. Bank Of America: Bleak Near-Term Outlook Oscar Carbera of Bank of America downgraded shares to Underperform...
