Fri Feb 12, 2016/Reuters By Aastha Agnihotri Wall Street staged a modest comeback on Friday, led by a rebound in financial and energy stocks, after a punishing, widespread rout this week on concerns about the health of the global economy, and ahead of the long weekend. Nine of the 10 […]
Tag: OPEC
Oil falls below $115 as UK lawmakers reject Syria attack
* British parliament says no to Syria attack * Unrest in Libya cripples crude output, exports * OPEC oil output falls despite Saudi boost – Reuters survey * Coming up: U.S. CFTC commitment of traders weekly data; 1930 GMT (Updates prices, supply data paragraphs 5,12) Brent crude oil […]
OPEC Survival Uncertain Amid U.S. Oil Output Growth
A record surge in U.S. oil production that has moved the country closer to energy independence threatens the existence of OPEC, according to analysts at Citigroup Inc. “OPEC should find it challenging to survive another 60 years, let alone another decade,” analysts led by Ed Morse, global head of commodities […]
