Crude oil markets
‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six months later. You […]
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Exxon declares force majeure on Russian Sakhalin-1 operations
The Exxon Mobil corporate pavilion at the 21st World Petroleum Congress in Moscow, June 16, 2014. Exxon Mobil said on Wednesday its Russian unit Exxon Neftegas has declared force majeure for its Sakhalin-1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers. Andrey Rudakov | Bloomberg | […]
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Goldman says oil and gas investment is about to boom, and names the stocks to cash in
In its annual review of oil and gas projects, Goldman names several energy stocks it expects to be “winners.” Source
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Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because […]
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