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OIL PRICE NEWS

Crude Slump Wipes $113 Billion From Oil Drillers: Bloomberg: 30 June 2017

Oil companies have spent three years slashing spending and firing workers to protect profits, only to find their hard work blown away as prices entered another bear market.

Big Oil’s Costly Love Affair With the British Pensioner: Bloomberg 29 June 2017

Now, with oil prices falling back into a bear market, the dividend yields of several European integrated oil stocks have widened again.

Oil Snaps Longest Gain in a Month on Signs U.S. Supplies Rose: 28 June 2017

LONDON (Bloomberg) — Oil fell, snapping the longest run of gains in a month, as U.S. industry data showed crude stockpiles rose.

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