Tag: crude prices
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Why ExxonMobil, ConocoPhillips, and Shell Stocks Dropped Today
Thursday is looking like a rough day for oil stocks. Oil prices are falling, and oil stocks are following them down.As OilPrice.com reports, Brent...
Exclusive-US to seek 6 million barrels of oil for reserve, amid low oil price
By Timothy GardnerWASHINGTON (Reuters) - The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve, a source...
‘Serious energy deflation’ is coming whether Trump or Harris wins, says analyst
In their bids to win the 2024 election, former President Donald Trump has promised to "drill, baby, drill" to lower energy prices, while Vice...
Morgan Stanley cuts oil target for second time in a month as prices plunge to 2024 lows
Wall Street has turned gloomier on oil prices as signs of weak demand and plenty of supply have weighed on the crude market.On Monday,...