Latest 2015 Oil Prices Analysis by Experts
The price of oil is usually measured on a per-barrel basis. The price also can be quoted as the spot price, which is the price of buying a barrel at the current moment, or as the futures price, which is the cost of buying a barrel of oil in future months. Two main contracts traded are West Texas Intermediate (WTI) and Brent Crude. WTI oil is light sweet oil and very well suited for gasoline. Brent Crude is a blend of oil from the North Sea. Futures prices are quoted in increments of 1,000 barrels of oil for every one contract.
A final accord over Iran’s nuclear deal with the international community could lead to remarkably lower oil prices. When that happens, a glut of Iranian oil will hit an already oversupplied oil market.Over the past few months, I have been following the intense negotiations between Iran and P5+1 (China, France, Russia, the United. Read More
Wall Street opened flat on Tuesday, July 7th, as talks between Greece and its creditors resumed. The U.S. trade deficit widened in May, reflecting concerns over weak global demand.European stocks continue to slide while the euro hit a five-week low against the dollar. In China, the stock market fell again despite the emergency measures. Read More
Strike While the Pump Jack Is Cold: Oil and Gas Plays an Opportunity While Down?With oil prices taking a beating, most investors interested in oil and gas are probably running for the hills or are taking a wait-and-see approach. (If you’re in the latter group, consider keeping an eye on the nine top oil and gas penny stocks for 2015 that. Read More
Oil prices plunged to a two-month low on Monday July 6th, as traders fretted over whether the fallout from the Greek turmoil and slowing Chinese economy could crimp energy demand.West Texas Intermediate (WTI), a benchmark for U.S. crude oil prices, was trading down 4.7% to $54.25 a barrel on the New York Mercantile Exchange as of 11:30. Read More
Wall Street opened sharply lower on Monday July 6, 2015, as Greek people rejected the bailout package by creditors on Sunday, putting the euro on edge. European stock markets plunged as Greece’s exit from the eurozone seems to be likely.After Greece overwhelmingly voted against conditions for a rescue package on Sunday’s referendum,. Read More