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Showing 71 - 80 of 1067 results for "oil prices"

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... high-yield market. This, too, has been turned on its head by the latest development in the oil market. Brent crude oil prices slumped by 23.7% to US$34.54 following unexpected news that, instead of agreeing to cut oil production at their March 6 meeting ...

The sick short: Banking big on the coronavirus

ALLY SELBY  |  WEDNESDAY, 19 FEB 2020
... "Clients got quite lucky on oil," he said. "When we had tensions between the US and Iran, there was a big spike in oil prices and many of our clients tried to countertrade to that; short selling oil at $77 bucks a barrel, and managed to ride that wave ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... nothing is immune from the spread of the coronavirus. It's now turned the bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent oil down 16.4% -- at the ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
Crude oil prices rose in the early months of the New Year on the escalation of tensions between the US and Iran after an American drone strike in Iraq on January 3 that killed Qassem Soleimani -- the head of Iran's elite Quds military force. The ...

Gold lifts as US, Iran tensions escalate

ALLY SELBY  |  TUESDAY, 7 JAN 2020
... combination of general US dollar weakness, lower interest rates and a spike in inflation expectations - via higher oil prices and/or concerns of a negative spill-over to global growth." Despite this, Eliseo said the case for owning gold remained as strong ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
It may not seem like it, but crude oil prices appear on track to finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that ...

Chief economist update: Cloudy 2020 vision for OECD

BENJAMIN ONG  |  FRIDAY, 22 NOV 2019
... tensions between slowing growth, high corporate debt and deteriorating credit quality." "A persistent upward spike in oil prices, if geopolitical tensions were to strengthen again, would also weaken growth prospects." "On the upside, decisive actions ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... rebounding to 3.4% (downgraded from its July forecast of 3.5%) in 2020. As a result, the IMF also estimates that crude oil prices would drop by 9.6% this year from an average price of US$68.33 per barrel in 2018 to US$61.78 this year and by another 6.2% ...

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
Oil prices soared after a drone attack on September 14 on Saudi Arabia's Abqaiq oil-processing plant (estimated to produce around 5% of global oil supply). WTI and Brent crude oil prices jumped by 14.6%, to US$62.88 per barrel and US$69.03/barrel ...

Chief economist update: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
... that market participants have marked down their view of economic growth going forward, perhaps because of the rise in oil prices." "But this interpretation does not mesh seamlessly with the rise in stock prices and the narrowing of credit spreads observed ...