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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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Goldman Sachs Reviews U.S. Rig Count And Updates Production Forecasts
Tuesday, June 21, 2016 - 3:02pm | 278Read More...U.S. rig counts rose again for the third consecutive week last week, and Goldman Sachs analyst Damien Courvalin has updated the firm’s projections for oil production. Total rig count climbed by nine rigs last week, including seven additional vertical rigs and one additional horizontal rig....
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D.A. Davidson Expects An Oil/Gas Rebound
Thursday, June 16, 2016 - 2:16pm | 320Read More...After briefly spiking above $51/bbl, WTI crude oil prices are back down under $47 following six consecutive days of declines and a weak U.S. stock draw this week. According to D.A. Davidson analyst John Rogers, oil and gas investor shouldn’t sweat the recent pullback. “Optimism is...
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Barclays: Q2 Will Be Weakest For Crude Oil
Monday, April 20, 2015 - 3:40pm | 332Read More...WTI Crude was trading up more than 1.5 percent on Monday and continues to trade above the $58 mark. The recent rally can continue for a while, but according to Michael Cohen from Barclays, the second quarter of 2015 will be the weakest for oil. Cohen was on CNBC recently to discuss his outlook...
