Tag: oil
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Oil prices shaky amid OPEC indecision
OPEC hasn’t agreed to increase production which is keeping the price of oil elevated. Crude prices have advanced almost 60% this year, a surge powered by a revival in consumption of fossil fuels as vaccines roll out and major economies unlock. The Organization of the Petroleum Exporting Countries and its allies, led by Russia, have…
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The Yield – Week ending June 18, 2021
Stocks drop for the week, oil prices hit a high, jobless claims increase, the year of the individual investor, Microsoft names new board chairman, IBM closes an acquisition, Sonoco expands recycling, and Verizon gets a contract. All that including my weekly portfolio update and dividend news
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Crude oil prices hit it’s highest price in 2 1/2 years
The thinking I guess is that investors are pouring money into renewable energy generation and keeping oil production low. This would keep supply low during current and/or rising demand which will keep the price of oil elevated for the time being. I don’t think anyone can really tell what will happen over the next year…
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The Yield – Week ending June 11, 2021
Rebalancing portfolios, pie charts, inflation fears, oil prices, banks & cash, more inflation news, and much much more
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Biden Administration suspends oil leases in the Arctic
This is why I don’t like Executive Orders. They don’t promote stability. Everyone is subject to the whims of who ever is in office. Allow drilling… don’t allow drilling… and on and on. Just keep the rules consistent so business knows what it can and cannot do. Think of the investments wasted. The Biden administration…
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Oil prices jump over $70 a barrel today
This explains why my oil stocks jumped today as well. The price of oil was on course Tuesday to close above $70 a barrel for the first time in two years on investors’ optimism that improving oil demand and a dwindling supply glut may mean the market can absorb any additional supply from OPEC and…