The bears are running amok on Wall Street as oil tanks. It is so bad that even the technical charts are flashing caution signs. So when is it safe to test the waters again?
The charts are showing that investors are positioning themselves defensively in the face of a volatile market, according to one technical analyst.
If it feels as if the stock market and oil futures are moving in lockstep these days it’s because, to a large extent, they are.
The rout that swept through asset classes, taking oil below $30 a barrel and European and Asian stocks into bear markets, is pushing up gauges of investor stress around the world.
Big banks are cringing as crude oil is crumbling. Firms on Wall Street helped bankroll Americas energy boom, financing very expensive drilling projects that ended up flooding the world with oil.
The prospect of four straight quarters of earnings declines is staring investors in the face on top of the worst multiweek selloff for stocks in years, and the worst start of the year ever.
Oil futures dived back below $30 a barrel on Friday, but even that might not yet be enough to sufficiently choke off production and allow crude to put in a bottom, one economist calculated Friday.
Oil prices rebounded on Thursday as some players covered short positions after crude prices plumbed new 12-year lows amid concerns over Iran adding to a global glut faster than expected.
Warren Buffett is extending his big oil bet amid the crude market wreckage. His buying streak extended to a sixth day Monday, new filings show, as Buffetts Berkshire Hathaway bought another 900,000 shares of Phillips 66 as that stock bounced around thre
Crude oil had rallied nearly 6% earlier Wednesday morning after dipping below $30 per barrel Tuesday. But a report by the Energy Information Administration released at 10:30 a.m. indicated supplies had increased over the past week
One of Americas top money managers predicts gold prices will soon spike. Gold will shoot up to $1,400 an ounce, according to Jeff Gundlach, the CEO of big bond house DoubleLine Capital. That would be a gain of about 30% from golds current price of $1,09
The Chinese yuan’s 6 percent decline over the past five months is hardly anyone’s idea of a crisis. On average it comes out to a drop of less than 0.04 percent a day. But behind the scenes, Chinese policy makers are unleashing a torrent of measures to sta
The dramatic crash in crude oil prices just got even more stunning. Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% p
Nothing drives change like necessity. The $1.4 trillion collapse in the value of mining stocks since 2011 is poised to reshape the industry as all but the strongest companies are squeezed by the lowest commodity prices in six years. Rio Tinto Group and BH
A rapid appreciation of the U.S. dollar may send Brent oil to as low as $20 a barrel, according to Morgan Stanley.
