Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United […]
With Brent oil prices having surged to around $90 per barrel, OPEC and its allies may announce a bigger-than-expected rise in output, according to Goldman Sachs Group Inc. The outcome of Wednesday’s meeting remains “evenly balanced” […]
Oil markets experienced a degree of inflation immunity Thursday. That’s according to Rystad Energy’s Senior Oil Markets Analyst Louise Dickson, who noted that benchmarks rose despite the U.S. Federal Reserve’s announcement that an interest rate […]
U.S. natural gas futures suddenly spiked the most on record Thursday afternoon, a dramatic move that signaled bearish wagers being squeezed out of the market. The eye-popping surge of as much as 72% came ahead […]
OPEC sees oil market supported by demand in a monthly report Goldman Sachs sees $100-a-barrel crude by the third quarter Oil surged to the highest level in seven years as robust demand and strained supplies […]
While the markets digest the inflation numbers on Wednesday, all eyes will be focussed on the Federal Reserve’s reaction to the inflation data. Many economists expected the 7% gain in the Consumer Price Index, marking a […]
Goldman Sachs Asset Management is recommending investors keep their faith in stocks. Equities offer the best opportunity to outperform inflation, the firm said in an Investment Ideas 2022 report. Cyclical stocks — like financials, energy, and resources companies […]
ENB Publishers Note: The world has entered only the fourth Commodities Boom in history, and this one is going to be the biggest because of the energy policies over the last 25 years. See if […]
It was once one of the strongest engines in Goldman Sachs Group Inc.’s trading powerhouse before seeming to weaken with every year. By 2017, the bank’s commodities desk was failing to generate $300 million — less […]
Brent trades above $85, set for a fourth weekly increase Physical crude markets and diesel are all flashing strength Oil headed for a fourth straight weekly gain, the longest streak since October, on signs that […]
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