Tuesday, July 11, 2017

Goldman Sachs: Oil prices could plunge below $40

The oil market has run out of patience waiting for the massive supply glut to disappear, according to Goldman Sachs.
CNNMoney Markets Now
 
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Key Stats Latest Today's Change
Oil $45.10 +0.06 / +0.13%
Gold $1,215.70 +1.00 / +0.08%
10-yr 2.36% -0.01 / -0.38%
Euro $1.15 +0.01 / +0.63%
News: What you need to know about the markets
 
 
Goldman Sachs: Oil prices could plunge below $40
The oil market has run out of patience waiting for the massive supply glut to disappear, according to Goldman Sachs. Read more »
 
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Warren Buffett just gave $3.17 billion to charity
The billionaire investor has pledged to give away most of his money, and has made large donations for years. Read more »
 
Look out, OPEC! U.S. to become top 10 oil exporter by 2020
Increased shale production will transform the U.S. into one of the world's top oil exporters, according to a new forecast by the consultancy PIRA Energy. Read more »
 
Snapchat sinks below IPO price for first time
All of Snapchat's gains since going public have officially disappeared. Read more »
 
Wells Fargo victims get closer to payback in $142 million settlement
A federal judge granted preliminary approval over the weekend for Wells Fargo's $142 million fake account settlement with customers. Read more »
 
 
 
 
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