News of Oil stored on ships (floating storage) puts more downward pressure on oil prices in the short-term. In addition, onshore oil storage are at all times highs, Chinese demand has fallen plus the Saudi decision to keep pumping oil…
The slowdown in China combined with a stronger dollar have reduced the price of copper to its lowest rate in 6 years. Prices for the metal have declined over 20% for the year. Miners have been paring back investments to…
The bad news for oil keeps piling on. Oil has fallen for three out of the last four weeks and the number of oil rigs in the US according to Baker Hughes keep falling – 10th straight week. Is there…