Quotes from the news wire:
I think the wildfire is going to have a major impact as Canada exports some 3.5 million barrels per day of crude to the U.S., i'm not sure if we'll get back to $80 a barrel, but $50 and above looks likely.
Found on Reuters 8 years ago
I'm not sure if we'll get back to $80 a barrel, but $50 and above looks likely.
Found on Reuters 8 years ago
It's going to take a move up to $55 before we see anyone plan new production.
Found on Reuters 8 years ago
China is the last standing consumer of oil outside of the U.S. The problem is that everyone is relying on them, as long as we keep in this scenario where China is the only real consumer to pick up the pace, we're going to see moves lower every time China has an issue with their economy.
Found on Reuters 8 years ago
The markets keep falling because globally, we're still oversupplied, but, the Middle East tensions still have people scared and they're not sure if they should continue going in and selling. Prices could jump very quickly.
Found on Reuters 8 years ago
The combination of the Chinese stock market rout and creeping crude glut is weighing on oil, that said, Brent's still seeing support above $50 and U.S. crude is staying above $45. There's a lot of hedging going on at those levels.
Found on Reuters 9 years ago
Everyone's trying to put the issues in Libya into perspective.
Found on Reuters 9 years ago
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