Oil Prices
Oil Prices
Oil Producers Set to Sink, Here’s Why
Oil Producers Set to Sink, Here’s Why
Oil Producers Set to Sink, Here’s Why

Overnight, US markets were belted with the S&P 500 slipping 3.3%, its biggest fall since 8 February 2018. The Dow Jones Industrial Average also copped a beating, losing 3.1%, also its biggest fall since 8 February 2018. There is a sense of frustration this morning as there is little agreement as to what comes next.

Stealth Bull Market in Oil Continues
stealth oil market

Oil was the big winner overnight. Brent crude jumped a massive 3.8% to around US$59 a barrel. Yet all I’ve heard over the past two months are bearish stories about the global oil glut and the unlimited production ability of US shale oil. That’s why I’ve been bullish on oil for sometime.