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The meteoric rise never felt sustainable – the numbers told us that. In 2013, US shale was responsible for approximately 20 percent of world investment in oil, while only supplying four percent of global production. The figures today are even grimmer. Baker Hughes is cutting 7,000 jobs; Halliburton, 6,500; Schlumberger, 9,000. The national oilrig count … Read entire story.
Source: OilPrice.com Daily News Update
US DOLLAR, EUR/USD & GOLD PRICES OUTLOOK: Recommended by Diego Colman Get Your Free EUR Forecast Read More: EUR/USD on a Knife Edge as Eurozone Core Inflation Ticks Higher The US dollar, as measured by the DXY index, rose moderately on Thursday, touching seven-week highs near 104.70, as market sentiment remained fragile, depressing appetite for […]
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.
I have long warned that the euro crisis was going to return. But recently the concern I voiced in posts here was more concrete i.e. that the renewed recession fears in Europe would force a decoupling between the periphery and the core in the Eurozone. This seems to be …