Brent crude slides on IEA warning
Brent crude oil slipped to a one-month low as the International Energy Agency (IEA) warned that increasing US production could jeopardise the oil price recovery.
Brent crude oil slipped to a one-month low as the International Energy Agency (IEA) warned that increasing US production could jeopardise the oil price recovery.
Sterling has bucked up against the euro, hours after polling began in the UK general election and ahead of the imminent European Central Bank meeting.
Oil prices could rise in the months ahead and the price fall seen in the wake of OPEC’s Vienna meeting may be a buying opportunity, experts have said.
The price of Brent crude oil surged above $50 per barrel as rumours swirled that OPEC members had finally reached an agreement, which was later confirmed.
The price of brent crude broke through $50 per barrel on Thursday afternoon prompting headlines writers to tout oil’s return to bull market territory.
Oil prices could below $20 a barrel in the next six months, says Artemis’ Cormac Weldon, and even the climb back up may not be worth investment.
Investors who invest in the flagging oil trade now will reap the rewards five year down the line, according to Franklin Templeton’s Dylan Ball.
The sharp fall in BP’s profit was expected, but should investors be expecting more of the same going forward?
BP is readying itself for further declines in the oil price following a halving in quarterly profits, the firm has announced in its Q2 2015 results.
Deceptive headline yields are leading income investors down the garden path, says Schroders’ Jamie Lowry.
As oil prices continue to slump, some commentators are focusing on the winners as well as the losers.
Source has unveiled an exchange-traded certificate that gives investors exposure to an S&P Brent Crude index.