Posts From King World News

Oil bulls' hope for quick price dip dimmed by 2020 crude under $70

By Jonathan Leff HOUSTON (Reuters) – As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year – a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market’s latest dive,

Oil bulls' hope for quick price dip dimmed by 2020 crude under $70

By Jonathan Leff HOUSTON (Reuters) – As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year – a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market’s latest dive,

Oil bulls' hope for quick price dip dimmed by 2020 crude under $70

By Jonathan Leff HOUSTON (Reuters) – As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year – a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market’s latest dive,