Oil Daily Review for February 12, 2018
|The stock market correction has less to do with concerns over growth and more about frothy equity valuations, fear of rising interest rates and the unwinding of short volatility trades. Of these, the biggest risk to oil prices is higher interest rates, which would boost the value of the U.S. dollar.|
|Are the good times over? Crude Over has fallen the most since March and has taken a cue from other markets and turned negative on|
|UK industrial production declined in December as the closure of the Forties pipeline dampened oil and gas extraction, while manufacturing continued to expand for the eighth straight month.|
|Oil prices fell Friday, with the U.S. benchmark marking its lowest settlement in seven weeks. A report from Baker Hughes BHGE, -3.64% on Friday reveal|
|Baker Hughes BHGE, -3.64% on Friday reported that the number of active U.S. rigs drilling for oil jumped by 26 to 791 this week. That marked a third s|
|The WTI Crude Oil market has been very negative during the trading session on Friday, reaching down towards the $58 level. At this point, we did bounce towar…|
Have a nice trading!