prices Archive

U.S. oil output slide looms as shale firms hit productivity wall

Stagnating rig productivity shows U.S. shale oil producers are running out of tricks to pump more with less in the face of crashing prices and points to a slide in output that should help rebalance global markets. Over the 16 months of the crude price rout, production from new wells drilled by each rig has [&hellip

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Producer prices were flat in August

The Producer Price Index (PPI) for final demand was flat month-on-month, and fell 0.8% year-on-year. Excluding volatile food and energy costs, “core” PPI rose 0.3% compared to July, and rose 0.9% compared to a year ago. Economists had estimated that PPI for final demand fell 0.1% month-on-month and 0.9% year-on-year. Read More

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Futures Movers: Oil rebounds by over 2% as stocks recover

Crude-oil futures got a reprieve Thursday, erasing overnight losses to rise 2% in Asian trade as stock markets across the region made solid gains. Oil prices were also supported by a decline in weekly U.S. oil inventories and some amount of bargain hunting after falling to more than six-year lows earlier this week. Read More

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Commodity prices just slumped to their lowest level since 1999

Commodity prices just slumped to their lowest level since the end of the 20th century, according to a widely-used Bloomberg index. The index is made up of 22 major traded commodities and has been sliding recently, but the chaos in Asian markets hit prices particularly hard on Monday. Read More

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