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Airline and retail stocks up but energy sector a loser as oil prices drop to $66-a-barrel

Is the plunge in WTI crude to $66-a-barrel a good or a bad thing for Wall Street? Airline and retail stocks jumped while the energy sector looked pretty sick on Friday. Lower oil prices put…
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Posted on 29 November 2014 Categories: Oil & Gas, US Stocks, Video Channel

Oil-related equities dive along with petro-currencies as oil prices crash

There is almost nothing more shocking to financial markets than a sudden movement in the oil price. Yesterday’s 6.5 per cent slump in the major crude prices was no exception with petro-currencies tumbling and oil-related…
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Shale oil bankruptcy threatens US banks as oil prices head for $65-70 price band

Neil Beveridge, senior oil analyst at Sanford C. Bernstein, told CNBC the plunge in oil prices raises the risk of bankruptcy for US shale players. ‘While production growth is very strong [in North America], remember…
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Oil prices plunge 6% as OPEC leaves supply unchanged, disaster for Gulf States

WTI crude oil plunged below $68-a-barrel after OPEC ministers decided on no change to current oil supply. Too much oil in the market ensures lower prices and this is likely not the bottom.
Gulf States…
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Posted on 27 November 2014 Categories: GCC Economics, GCC Real Estate, GCC Stock Markets, Oil & Gas

Chocks away for UAE equities as Emaar shares tumble 5.2 per cent on upcoming ex-dividend date and oil price slumps

Are UAE equities about to enter the double-dip predicted by the ArabianMoney newsletter this summer? (subscribe here) There was certainly weakness in the market on Wednesday as it became clear that OPEC ministers meeting…
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Posted on 27 November 2014 Categories: GCC Economics, GCC Real Estate, GCC Stock Markets, Oil & Gas

No sign of a consensus to cut oil oversupply so pressure will remain on prices

OPEC nations are gathering for talks in Vienna as oil prices touch a four-year low and Russia pushes for a cut in output. But Saudi Arabia seems be deaf to these arguments and refuses to…
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Posted on 26 November 2014 Categories: Oil & Gas

UAE brokers nervous about outlook for 2015 as oil prices plunge

UAE stockbrokers have already banked an excellent trading year for 2014 but they are nervous about the outlook for local equities in 2015, with the oil price falling and initial public offerings draining the market…
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Why Dennis Gartman sees oil at $60-a-barrel before it rebounds to $80

Could oil prices crash to $60 before the rebound to $80-a-barrel? The pundits are out in force this week and there is no real consensus on this. But some have a better track record than…
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Posted on 25 November 2014 Categories: Hedge Funds, Investment Gurus, Oil & Gas, Sovereign Wealth Funds, Video Channel

Thursday’s OPEC meeting could send oil back to the mid-$80s a barrel

Tim Rezvan, vice president of energy research at Sterne Agee, talks about the upcoming OPEC meeting, saying there’s no ‘easy solution to support oil’. But he thinks if an agreement is forthcoming then oil is…
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Posted on 24 November 2014 Categories: Oil & Gas, Sovereign Wealth Funds, Video Channel

OPEC to cut 500,000 to 1m bpd predicts UBS so are oil prices at the bottom and gold and silver going up?

This is a make or break week for oil prices. Will OPEC cut oil output by 500,000 to one million barrels per day to support prices? The logic is inescapable for oil producers but politics…
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Posted on 24 November 2014 Categories: Gold & Silver, Investment Gurus, Oil & Gas, Sovereign Wealth Funds, Video Channel

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