• Oil poised to do THIS for the first time in more than 30 years

    8 days ago - By ETF Daily News

    From Mark DeCambre : A jolt lower for oil since peaking in October has set crude futures on track toward an ugly record. That is even after U.S. benchmark oil on Thursday fell into correction territory, defined as a drop of at least 20% from a recent peak.
    If West Texas Intermediate crude for December delivery on the New York Mercantile Exchange CLZ8, -1.04% ends lower on Friday, it will mark its 10th consecutive decline and that would match the longest skid for the contract since a similar stretch from July 18-July 31 1984, according to Dow Jones Market Data.
    Bespoke Investment Group pegs...
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  • Another Keystone XL setback: environmental review ordered

    Another Keystone XL setback: environmental review ordered

    8 days ago - By Stl Today

    WASHINGTON - In a setback for the Trump administration, a federal judge has blocked a permit for construction of the Keystone XL oil pipeline from Canada and ordered officials to complete an environmental review.
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  • What sanctions? Oil sinks into bear market

    8 days ago - By Reuters

    Sanctions on Iran were expected to see oil prices rise. Instead crude is on a long losing streak, and officially in bear market territory, with U.S. benchmark prices down by a fifth.
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  • U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau

    8 days ago - By Reuters

    A U.S. judge in Montana has halted construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing a sharp rebuke on Friday from President Donald Trump.
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