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Are oil prices heading for a double dip? The surge in shale production has produced a temporary glut in supplies causing oil prices to experience a massive bust. After tanking to a low of $44 per barrel in January, falling rig counts and enormous reductions in exploration budgets have fueled … Read entire story.
Source: OilPrice.com Daily News Update
MORE FREE MONEY!!! Mario ;Draghi (a Goldman employee) ;will discuss his $75Bn/month QE program for the ECB ;this morning and the BOE (another Goldman employee) has already announced they will continue their $35Bn/month QE program while Japan continues their $80Bn/month QE program and our…
Some investment analysts are recommending U.S. Treasury Inflation-Protected Securities (TIPS). If you agree, the best way to go about it is with index-based ETFs, writes John Prestbo.
The nearly 20 percent rally in oil prices over the past week raised hopes in the oil industry that the financial bloodshed might be over. But hopes were quickly dashed on February 4 when prices erased much of their gains – March deliveries of WTI dropped by a whopping 8 percent in a …