Once again, commodity prices are taking a beating. Since Wednesday the price of Brent blend crude oil has slumped by 7%. Over the last two months, copper has slipped 8%, and iron ore futures traded in China are down a precipitous 30%. Coming on top of data that showed the US economy grew by a
Conventional wisdom suggests an oil glut is keeping the price of the Brent Crude down, but who’s to say that the recovery story will not continue? While it doesn’t seem all so long ago since investors were talking about $100 barrels, today $50 is the magic number. Still, as reported by Reuters, analysts have been cutting
A study conducted by Rystad Energy, an independent oil and gas consulting services and business intelligence data firm, estimates that the United States is sitting on more oil reserves than any other country. Surpassing Saudi Arabia’s 212 billion barrels and Russia’s 256 billion, the U.S. has 264 billion barrels of oil in reserve. This comes
US stocks snapped a four-session rally on Tuesday as investors faced continued uncertainty in the wake of Britain’s decision to leave the European Union, on a day marked by light-trading volume following Independence Day. The Dow Jones industrial average declined 109 points, or 0.61%, to 17,841, the S&P 500 lost 14 points, or 0.68%, to 2,089
Did you know that the adult human body has 206 bones? Also, the only bone in the human body that is not connected to another bone is the hyoid, a V-shaped bone located at the base of the tongue. The markets are one better. Everything is connected Dr Copper is reputed to have a Ph.D in economics
