Energy Overview — TotalView™ of the Energy Markets
Another set of poor economic data out of China is set to rock the US markets and cause oil prices to resume their plunge.
OIl prices rally, as hopes for a production cutback accord rise.
A rout in Asian stocks has failed to carry over, and even oil prices are rebounding from the sub-$30 level on increased, if you can believe it, glut fears.
Last week’s rally appears short-lived,as the selling pressure has returned, especially in oil.
Markets take another dive. Falling oil prices are getting the blame, but aren’t they reacting to the same poor data that equities are seeing? Read more in the Energy OverView.
US markets fully re-open and are on the rebound as market dodges bullet from China. GDP was not even worse than expected.
Iran oil exports are set to surge by over 20% this month versus December, adding to the global glut woes, cratering oil prices below $30 in the process.
A temporary lift for oil prices, as the market assesses all the bad news that has hit it this week.
Gasoline inventories surge higher, setting up market for prices to crater. Good news for drivers, even in California.
Chinese equity markets sell-off over 5% again, but only crude oil is following along. US and European equities are posting gains, trying to separate from the Asian contagion.