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.
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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.
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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.
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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.
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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.
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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.
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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.
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The sharp fall in BP’s profit was expected, but should investors be expecting more of the same going forward?
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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.
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Deceptive headline yields are leading income investors down the garden path, says Schroders’ Jamie Lowry.
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As oil prices continue to slump, some commentators are focusing on the winners as well as the losers.
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Source has unveiled an exchange-traded certificate that gives investors exposure to an S&P Brent Crude index.
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