Succumbing to market pressure, crude producers' group OPEC and its 10 non-OPEC allies intervened to deepen their ongoing output cuts of 1.2 million barrels per day (bpd) by another 500,000 bpd on Friday (December 6) following the conclusion of their meeting of ministers in Vienna, Austria. In a surprise for the market, OPEC revealed that bulk of the burden will largely fall on Saudi Arabia's shoulders, with the kingdom announcing it would cut "voluntarily" ...
• Noah Smith: An Unbeatable Investment for Millennials (Bloomberg View) • Vanguard Takes a Victory Lap: 86% of its Stock Funds Beat the Peer Group (Reformed Broker) see also As Indexes Soar, Active Stock Pickers Can’t Get Off the Ground (MoneyBeat) • When G.M. Was Google: The art of the corporate devotional. (New Yorker) • A Smart Way to Include International Stocks in Your Portfolio (Total Return) • Here Comes $60 Oil as OPEC Tests ...
Brent crude declined, stretching its two-month drop further, as OPEC’s oil output was predicted to soar to the highest level in a year. West Texas Intermediate dropped in New York. Futures reversed as much as 0.4% in London, having lost more than $9 in July and August. The Organization of Petroleum Exporting Countries bolstered production by 891,000 barrels per day to 31 million in ...
Threats, Markets, Iraq And Oil Global threats are nothing new to markets, but the impact they can have is incredible. Commodity prices can jump quickly, and volatility can drive markets to the point of collapse; as we saw in the global financial crisis. These days, though, threats seem to be few and far between when it comes to markets. However, one of the largest threats to the markets has appeared this year, in the form of the ISIS in Iraq. Normally I try and avoid threats ...
Recent Comments