InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,193.60
(
0.14%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.39
(
0.32%
)
Bitcoin
66,089.55
(
-0.82%
)
Post# of 13692
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

SingleFile

Send PM Follow Ignore
Followers 7
Posts 420
Boards Moderated 0
Alias Born 01/21/2016

SingleFile

Re: None

Monday, 05/16/2016 7:51:31 AM

Monday, May 16, 2016 7:51:31 AM

Post# of 13692
Crude is trading higher on the back of a rare bullish call from Goldman Sachs, which until now had been a long-time bear on oil and even warned of another price crash due to overflowing storage. The investment bank says the market has moved from a state of oversupply to a deficit, and believes major supply disruptions in markets such as Nigeria, Venezuela and China will sharply lower production levels. Crude futures +2% to $47.14/bbl.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up