Gold Silver Reports — A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada.
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Crude Oil Next Prices?
Gold Silver Reports — The energy sector was certainly a bargain in January, but no one really knows where oil will be around Christmas. While we may have already seen the bottom, stock prices are not the bargain they were.
The Pop Above $50/bbl Can Be Attributed To A Drop In Supply
Gold Silver Reports — The price of a barrel of oil has almost doubled from its low of $28 at the start of the year, prompting speculation that a recovery is underway, which may result in the revival of companies in the exploration, production and services sectors that have foundered since prices collapsed in 2015.
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New High For The Year in Response to Falling US Crude Production
Gold Silver Reports — Crude Oil prices dipped in Asia today as traders took profits after costs hit a new high for the year in response to falling US crude production.
Saudi Arabia Will only Freeze
Gold Silver Reports — Saudi Arabia will only freeze its Crude Oil output if Iran and other major producers do so, the kingdom’s deputy crown prince said,