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Why Have Oil Prices Touched $50 Per Barrel In The Last Few Days? - Forbes

Why Have Oil Prices Touched $50 Per Barrel In The Last Few Days?ForbesAfter having touched close to $26 per barrel in the beginning of 2016, crude oil prices have rebounded to almost $50 per barrel in the last few days. While this seems to be a positive news for the oil and gas companies, the sustainability of this ...and more »

Futures File: Traders send oil prices higher as they wait for OPEC to meet - NewsOK.com;

Futures File: Traders send oil prices higher as they wait for OPEC to meet - NewsOK.com

NewsOK.comFutures File: Traders send oil prices higher as they wait for OPEC to meetNewsOK.comGas prices posted at a 7-11 convenience store on southeast corner of NW 23 and Portland on Wednesday, May 25, 2016. Photo by Jim Beckel, The Oklahoman. Crude oil prices lead this edition of Futures File, our weekly commodities wrap-up.and more »

Commodities: Crude oil and sugar prices rise - Fond du Lac Reporter;

Commodities: Crude oil and sugar prices rise - Fond du Lac Reporter

Fond du Lac ReporterCommodities: Crude oil and sugar prices riseFond du Lac ReporterCrude Rebounds to $50. Crude oil prices punched to the highest price since last October, hitting $50.21 per barrel on Thursday. Prices have nearly doubled since falling near $26 in February, rising as global oil production has slowed, especially due to ...and more »

The only certain thing about oil's price is its uncertainty - Telegraph.co.uk;

The only certain thing about oil's price is its uncertainty - Telegraph.co.uk

Telegraph.co.ukThe only certain thing about oil's price is its uncertaintyTelegraph.co.ukA large number of clever people backed by deep-pocketed employers spend a great deal of time trying to work out where the oil price is heading. It's rather surprising, therefore, how wrong most of their predictions are. Forecasts generally amount to ...and more »

Fueling Oil's Push to $50: Fear Is Back - Wall Street Journal;

Fueling Oil's Push to $50: Fear Is Back - Wall Street Journal

Wall Street JournalFueling Oil's Push to $50: Fear Is BackWall Street JournalOil-supply outages are at their highest level in more than a decade, bolstering the “fear premium” that has helped push crude prices to $50 a barrel. About 3.5 million barrels a day worth of production is off line because of disruptions such as ...and more »

Why $50 Oil Is Here To Stay - OilPrice.com;

Why $50 Oil Is Here To Stay - OilPrice.com

OilPrice.comWhy $50 Oil Is Here To StayOilPrice.comNow that oil prices have rebounded to $50 per barrel, will U.S. shale drillers turn the taps back on? That is the million dollar question that the oil markets still do not have a clear answer on. Last year, when oil prices rebounded from $44 per barrel ...and more »

Oil slips for second day as $50 level sparks new output fears - Reuters;

Oil slips for second day as $50 level sparks new output fears - Reuters

ReutersOil slips for second day as $50 level sparks new output fearsReutersPump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. REUTERS/Sergei Karpukhin/Files. By Barani Krishnan | NEW YORK. NEW YORK ...and more »

The Consequences Of $50 Oil - OilPrice.com;

The Consequences Of $50 Oil - OilPrice.com

OilPrice.comThe Consequences Of $50 OilOilPrice.comOn Thursday Brent crude rose above $50 while the WTI rose to $49.85. The rise in prices came after the EIA reported a dramatic fall in U.S. inventories. The weekly drop of 4.2 million barrels, far more than the 2 million that was expected, triggered a ...and more »

Oil slips for 2nd day as $50 level sparks new output fears - CNBC;

Oil slips for 2nd day as $50 level sparks new output fears - CNBC

CNBCOil slips for 2nd day as $50 level sparks new output fearsCNBCOil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel. A stronger dollar also weighed on demand for ...and more »

CBN is shutting the window for buying dollars at the official rate. Here's why you need to be prepared - Ventures Africa;

CBN is shutting the window for buying dollars at the official rate. Here's why you need to be prepared - Ventures Africa

Ventures AfricaCBN is shutting the window for buying dollars at the official rate. Here's why you need to be preparedVentures AfricaOn Tuesday, the Central Bank of Nigeria held a Monetary Policy Committee meeting, which was attended by 9 out of its 12 members, and resolved that it is going to allow the Naira float freely at the inter-bank market. “In summary, the MPC voted to ...and more »

Oil at $50: Where Are Crude Prices Headed Next? - Wall Street Journal;

Oil at $50: Where Are Crude Prices Headed Next? - Wall Street Journal

Wall Street JournalOil at $50: Where Are Crude Prices Headed Next?Wall Street JournalHONG KONG—While oil's rise above $50 a barrel for the first time in seven months is a landmark for the market, analysts appear to have no clear idea how long this year's crude rally might last. Brent crude, used to price much of the world's oil, and ...and more »

Oil Hits $50, But Can It Maintain Its Gains? - OilPrice.com;

Oil Hits $50, But Can It Maintain Its Gains? - OilPrice.com

OilPrice.comOil Hits $50, But Can It Maintain Its Gains?OilPrice.comFor the first time in over six months oil prices rose to $50 per barrel. Brent crude moved up to $50.19 during morning trading on May 26, the first time that it has hit that point since last November. The gains add further momentum to a streak that has ...and more »

Best Oil Rally in 7 Years; 3 Energy ETF Winners - Yahoo News;

Best Oil Rally in 7 Years; 3 Energy ETF Winners - Yahoo News

Yahoo NewsBest Oil Rally in 7 Years; 3 Energy ETF WinnersYahoo NewsAfter from the Fed rate hike speculation, an oil rally was the most talked-about topic in recent times. This is because the liquid commodity staged the greatest rally in seven years, crossing the $50 mark on May 26, 2016. This was also a major jump ...and more »

Oil Trims Third Weekly Gain Amid Return of Canadian Crude Supply - Bloomberg;

Oil Trims Third Weekly Gain Amid Return of Canadian Crude Supply - Bloomberg

BloombergOil Trims Third Weekly Gain Amid Return of Canadian Crude SupplyBloombergOil trimmed its third weekly advance as Canadian energy producers moved to resume operations after wildfires eased. Futures slipped 0.3 percent in New York. Suncor Energy Inc. is seeking to return most of its workers by next week and begin startup of ...and more »

Oil Prices Poised to Hit Sweet Spot for Global Economy - Wall Street Journal;

Oil Prices Poised to Hit Sweet Spot for Global Economy - Wall Street Journal

Wall Street JournalOil Prices Poised to Hit Sweet Spot for Global EconomyWall Street JournalThe most powerful oil rally in seven years pushed crude prices above $50 a barrel on Thursday, a level that eases pressure on producers while being low enough to keep consumers happy at the gas pump. Crude prices briefly rose above $50 a barrel in ...and more »

Oil prices fall back after breaching US$50 - Jamaica Observer

Oil prices fall back after breaching US$50Jamaica ObserverLONDON, United Kingdom (AFP) — World oil prices slid on Friday, with traders banking profits after crude rose above the key $50 level this week on evidence of lower supplies. At the same time, analysts warn that Thursday's move above $50 could trigger ...and more »

Five Things You Need to Know to Start Your Day - Bloomberg;

Five Things You Need to Know to Start Your Day - Bloomberg

BloombergFive Things You Need to Know to Start Your DayBloombergYellen speaks, world leaders tangle on growth recipe at G-7, and oil falls. Here are some of the things people in markets are talking about today. Yellen's conversation. Traders hoping to get away early for their Memorial Day weekend will have to hang ...and more »

Oil Trader Hartree Said to Enter Agriculture After Metals Foray - Bloomberg

Oil Trader Hartree Said to Enter Agriculture After Metals ForayBloombergHartree Partners LP, a commodities firm founded by two former Goldman Sachs Group Inc. energy traders, is expanding into agriculture a year after moving into industrial metals. The merchant hired Samrat Sharma from Citigroup Inc. to lead the desk ...and more »

'Tremendous' supply damage may keep crude prices rising - CNBC;

'Tremendous' supply damage may keep crude prices rising - CNBC

CNBC'Tremendous' supply damage may keep crude prices risingCNBCCrude oil prices dipped on Friday, but the two-month trend upwards is seen continuing by oil expert Amrita Sen. The co-founder and chief oil analyst of Energy Aspects told CNBC on Friday that cuts to supplies from non-OPEC countries would help balance ...and more »

Oil futures fall back below $49 as oversupply concerns re-emerge - Investing.com;

Oil futures fall back below $49 as oversupply concerns re-emerge - Investing.com

Investing.comOil futures fall back below $49 as oversupply concerns re-emergeInvesting.comInvesting.com – Oil futures on Friday dropped back below $49 after meeting resistance at the $50 psychological mark as oversupply concerns re-emerged. U. S. crude futures fell 53 cents, or 1.07%, to $48.95 a barrel at 0650ET, while Brent crude futures ...and more »