Why Real Reform Is Now Impossible
Oil prices jump on weak dollar, strong investor appetite
Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month’s bull-run could soon run out of steam. International Brent crude futures were trading at $46.26 per barrel at 0023 GMT, up 52 cents, or 1.1 percent, from their last settlement. U.S. West Texas Intermediate (WTI) crude was also up 52 cents, or 1.2 percent, at $44.56 a barrel. WTI was further lifted after the American Petroleum Institute (API) reported a drawdown of nearly 1.1 million barrels in U.S. crude inventories last week versus a 2.4 million-barrel build expected by analysts in a Reuters poll. Both Brent and WTI were near 2016 highs of $46.49 and $44.83, respectively reached the previous session. Beyond […]
Chesapeake Has Bought Itself Time But Can It Survive?
Gov. Cuomo Rejects the Constitution Pipeline, Huge Win for the Anti-Fracking Movement
Cheap oil smudges Exxon's long-held sterling credit rating
Exxon Mobil Corp lost its top-tier credit rating from Standard & Poor's on Tuesday for the first time in almost 70 years, as slumping crude prices crimp the oil giant's ability to fund projects and return big amounts of cash to shareholders.