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Why are Oil Prices Falling?
Oil prices have been continuously moving lower since the end of September. Crude oil prices, in particular, fell more than 20% in less than 2 months. As a result, U.S. residents are celebrating Thanksgiving day with the cheapest gas prices…
OPEC+ Switches From ‘Saudi Lollipop’ To A Group Fudge Of Voluntary Output Cuts
The Headquarters of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria. ... (Photo: Beata Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesAs OPEC+, a select group of Russia-led oil producers and the…
Black Friday Was a Blockbuster Success: Time to Buy Retail Stocks?
Inflation is high, but the consumer is resilient. That fact, along with relatively low unemployment, has apparently been enough to prevent a recession in 2023. However, whether the current environment is investable is up for debate. In…
Why Gas Prices Are Likely To Spike Again
The world’s oil cartel agreed to slash production of crude by nearly 2 million barrels per day starting in January, a move likely to ratchet up geopolitical tensions with the United States and spike energy costs.At its Thursday meeting, the…