X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 16 hours America Makes Plans to Produce Needed Rare Earth Minerals Domestically
  • 2 hours IS SAUDI ARABIA SENDING A MESSAGE TO BIDEN
  • 16 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Texas forced to have rolling black outs, primarily because of large declines in output from fossil fuel power plants
  • 2 days Former BP Exec "Biden not in war against oil" . . Really ?
  • 3 days Texas Supply Chain Massacre
  • 2 days Here we go - again: plug-in hybrids cost motorists more than what they were told
  • 12 hours Top Conservative Lawyer Says Trump Can Stand Trial
  • 12 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days An exciting development in EV Aviation: Volocopter
Editorial Dept

Editorial Dept

More Info

Premium Content

Shale Bankruptcies Are On The Rise

Friday, August 16, 2019

1. Oil highly sensitive to trade war

- Oil prices have whipsawed in recent weeks, gyrating on every whim and whisper relating to the U.S.-China trade war. Oil plunged by more than 7 percent when President Trump announced tariffs on China; rebounded by nearly 4 percent when Trump subsequently delayed them; but then fell a day later (August 14) when bad economic data emerged.

- The “dramatic price response came as no surprise given that oil prices also suffered the heaviest losses of all commodities when US President Trump announced the punitive tariffs on 1 August,” Commerzbank said in a note.

- The reaction of base metals was “considerably more muted,” Commerzbank said, which was surprising since metals are usually sensitive to economic fluctuations. But there are a few reasons for this. “For one thing, metals prices recently have been virtually immune to negative headlines concerning the trade conflict between China and the US and have stopped reacting to them,” Commerzbank said.

- But the upside has been limited too. The postponement of tariffs does not mean they will never happen. The trade war is a long way from being resolved.

2. Corn prices plunge again

- Corn, like other agricultural goods, was hit hard from the trade war beginning last year. But prices rallied this spring when horrific floods delayed plantings in the U.S. farm belt, raising concerns about…





Leave a comment
  • JamesRegan on August 17 2019 said:
    Is there any relation on the gold vs oil in the article between the gold vcs oil price in 2015 which was the start of The downturn in offshore drilling activityâ??s?

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News