Oil

The move by the Swiss National bank is going to raise the pressure on the ECB to do something dramatic -- as far as quantitative easing to keep up with the Swiss.

Growth jolts, policy angst and civic unrest aside, oil will eventually normalize – not because it must or it always has/does but, due to simple supply vs. demand economics.

The World Bank is telling us pretty much what the oil market and copper already has been telling us, and that is that the outlook for global economic growth is getting worse, not better.

The UAE’s oil minister said ‘the country’s oil output and strategy will not change’... You know, kind of like making the U.S. shale producer an offer that they can’t refuse.

It seems some in the OPEC cartel have taken exception to the fact that the U.S. was on its way to energy independence.

If the economy is so strong why is oil demand falling?

If the crash in oil prices is supposed to be such a boom for the economy, today we are not feeling it. Instead of joy and celebration we are getting fear and risk protection. Even data showing a jump in auto sales, supposedly inspired by low gasoline prices, was not enough to boost auto stocks on Monday.

Crude oil prices in the U.S. could plunge to $60 a barrel if OPEC does not agree to significant output cut when it meets this week, market players say.

Chesapeake Energy posted higher quarterly profit Wednesday, helped by an 11% increase in oil and gas production.

U.S. oil prices rebounded after tumbling to a 28-month low below $80 per barrel on Monday as short-covering helped offset earlier losses triggered by Goldman Sachs slashing its price forecasts.

Oil rose by more than $2 to one-month highs on Friday, fueled by a sharp rally in gasoline and heating oil as supplies tightened and refiners started to shut down plants for maintenance.

The U.S. government on Monday conditionally approved a plan by Royal Dutch Shell PLC to drill in the Arctic Ocean this summer, removing one of the biggest obstacles the energy company must overcome before it can explore for oil and natural gas in the Arctic's frigid, isolated waters.

Oil prices hit their highest for this year on Wednesday after the first crude stock draw in five months at the U.S. Cushing, Oklahoma hub suggested an oil glut may be starting to ease.

U.S. oil prices fell Wednesday as domestic crude stockpiles grew to a record, while lower-than-expected refinery activity boosted gasoline prices.

ConocoPhillips (NYSE:COP), the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices.