US Shale Output Will Flatten If Oil Prices Stay Near Current Levels, Says ConocoPhillips CEO Ryan Lance Lance also stated that the LNG market will grow to over 700 million tons from nearly 400 million tons over the next decade.
Asia Markets Mixed, Europe Advances, Dollar Pressured By Soft US Inflation Data - Global Markets Today While US Slept US markets mixed on 5/15, Cisco up on AI demand, UnitedHealth down on fraud probe, Amazon & Walmart slip on tariffs. Optimism for trade deals, soft data & uncertain forecasts.
Asia Markets Gain, Europe Dips, Dollar Pressured By Soft Inflation Data - Global Markets Today While US Slept US markets closed mixed, with S&P 500 and Nasdaq up due to cooling inflation and US-China trade truce. Dow down on UnitedHealth shares drop.
Asia Markets Mixed, Europe Slips; Dollar Slides Amid Fed Uncertainty - Global Markets Today While US Slept On May 14, US markets closed mixed. S&P 500 rose slightly, Dow slipped and Nasdaq advanced. Tech stocks rose on AI deals. Economic data awaited.
Asia And Europe Markets Advance On China-US Tariff Pause, Oil Gains 3% - Global Markets Today While US Slept Mixed markets as investors focus on trade talks, jobless claims drop while productivity declines. Asian markets higher on trade deal optimism.
Asia Markets Mixed, Eurozone Gains; Oil Rises On Trade Deal Hopes - Global Markets Today While US Slept U.S. markets closed higher on new trade deal and positive economic data. Asian markets mostly up, commodities and futures mixed. Dollar declined.
Oil Bulls Eye Rebound As US-China Talks Spark Hope: Yardeni Oil rebound possible soon if US-China trade tensions ease. OPEC surprise output boost and declining US shale production could tighten supply.
Asia Markets Gain, Europe Slides And Gold Retreats - Global Markets Today While US Slept Trump's tariff uncertainty and Fed's upcoming decision weigh on US markets. Trade deficit rises, while Asian and European markets show mixed results.
Asia Markets Mixed, Europe Slips, Gold Nears $3,400 Again - Global Markets Today While US Slept US markets closed lower due to Trump's tariff on foreign films. Investors await Fed decision amid inflation & profit concerns. Crude oil & gold prices rose, while US futures & USD fell.
Saudi Arabia's Oil Power Play Jolts Markets: Can Diamondback And Rivals Withstand The Pressure? WTI crude oil futures slipped nearly 2% on Monday after OPEC+ announced it will increase production output by 411,000 barrels per day in June.
Oil Prices Tumble After Reported OPEC+ Supply Hike: Exxon, Chevron, Shell Stocks Slide Pre-Market The United States Oil Fund fell 1.4% as Brent crude futures slipped 0.7% to trade just under $60 a barrel in early U.S. trading Monday, while West Texas Intermediate futures dropped 1.1% to $57.65.
Asia And Europe Markets Mixed, Gold Gains, Oil Slides On OPEC+ Output Hike - Global Markets Today While US Slept US markets closed higher on strong jobs data and trade hopes, with S&P 500 marking longest winning streak in 20 years. Asia markets mixed.
Oil Prices Decline After Saudi-led OPEC+ Agrees To Lift Output, Analysts Raise Oversupply Alarms Brent crude futures fell 3.3% to $59.25 per barrel, while West Texas Intermediate crude futures slipped 3.4% to $56.29 per barrel.
Trump Pressures Fed After Solid Jobs, Cooling Inflation: 'Lower Its Rate!' (CORRECTED) Trump celebrates economic renewal, claiming low inflation and strong job growth. Urges Fed to lower rates, criticizes Powell, but won't remove him.
Asia And Europe Markets Advance; Gold Up On Softer Dollar - Global Markets Today While US Slept US markets closed higher on strong earnings from Microsoft and Meta. Economic data showed mixed results. European and Asian markets also rose.
Oil Prices Soar After Trump Threatens Sanctions On Iranian Crude Buyers: Is China On Top Of The List? Trump calls for immediate halt on Iranian oil and petrochemical purchases, threatening secondary sanctions. Energy markets react with WTI crude prices rising 1%, reflecting sensitivity to supply disruptions. China remains largest buyer of Iranian crude, drawing ire from US.
Oil Sinks Below $57 On OPEC+ Supply Speculation, Bear Market Deepens Crude oil prices continue to drop, sinking 2% below $57/bbl as OPEC+ may increase supply and economic stress looms. Oil has plunged 55% since March 2022, with 30% decline in past year.
Gold Slides On Trade Optimism, Dollar Strengthens - Global Markets Today While US Slept Dow and S&P 500 rebound after GDP decline, consumer spending up, tech giants surge. Asian markets rise, Europe closed for holiday. Oil, gold down.
Asia Mixed, Europe Markets Gain; Gold Softens On Easing Tensions - Global Markets Today While US Slept US markets closed higher as strong earnings, trade developments, and recession concerns were weighed. DJIA up 0.75%, S&P 500 up 0.58%, Nasdaq up 0.55%.
Oil's Slippery Slide: What USO And XOP ETFs Reveal About Energy Market Panic Oil-linked ETFs not only provide insight into sentiment across energy sector but also face volatility. USO tracks commodity, XOP invests in energy stocks.
